+234 903 350 9001
1 GP Road, Osisioma, Aba, Abia State, Nigeria
NIGERIA AT A GLANCE
Biggest economy in Africa and projected to rank among the top 10 economies worldwide by 2050.
Large and growing population.
Large and competitive market with huge and unmet demand.
A growing and increasingly sophisticated middle class with tech-savvy young adults.
Large and flexible workforce.
An entrepreneurial population with innovative, creative, and highly resilient.
Renowned as Africa's most populous nation and the sixth most populous globally, Nigeria has a population of approximately 215 million people, with a working young population of about 122 million individuals, which is relatively comparable to the entire population of Japan. It is projected that Nigeria's population will exceed 480 million by 2050, while Japan's population is estimated to decline below 100 million during the same period. This situation presents a significant opportunity, providing access to a vast pool of human resources and a market economy that is expected to be five times larger than Japan's by 2050. Located in the fastest growing and most populous city in South Eastern Nigeria, Enyimba Economic City is designed to be a world class city and the global business hub in Nigeria, offering limitless possibilities. Therefore, investing in Enyimba Economic City opens avenues for expanding customer base and tapping into larger markets, facilitating business growth and expanding market reach.
STRENGTH OF THE ZONE
It is a Special Economic Zone (SEZ) under the Made in Nigeria for Export (MINE) Programme of the Federal Government of Nigeria, and it has a Free Trade Zone Status.
EEC provides complete holiday from Federal, State and Local Governments along with tax exemptions on proceeds reinvested, interest on bonds and short-term securities, duty free importation of capital goods, machinery and components, spare parts, raw materials, and consumable items, waiver on all expatriate quotas for companies operating in the city etc.
Complete holiday from all federal, state and local government taxes, rates, and levies.
Duty-free importation of capital goods, machinery/components, spare parts, raw materials/ consumable items in the zones
100% foreign ownership of investments
100% repatriation of capital, profits and dividends
Waiver of all imports and export licenses
Waiver on all expatriate quotas for companies operating in the zones.
100% capital allowance in any year of assessment.
Export into the Nigerian customs territory up to 100% of product produced, assembled or packaged
Export into the Nigerian customs territory up to 100% of product produced, assembled or packaged within the Zones.
Tax exemption on proceeds re-invested.
Tax exemption on gain arising from take-overs, absorption, or merger.
Double taxation relief.
Tax exemptions on interest on bonds and short-term securities and proceeds of the disposal of Government and corporate securities.
Connection to Airport and Seaport
The city has major arterial, intercity roads and railways that connect all the 11 south-east/ south-south states bordering the city. It is near existing seaports (44km to Onne to be connected to the Inland Port in EEC by rail and 25km to Port Harcourt Sea port already connected to EEC by rail) and the proposed Akwa Ibom Deep Sea Port. It has proximity to airports in Owerri (56km), Port Harcourt (44km) and Uyo, in addition to proposed international airport in the city, with a local captive population of 60 million and the entire country with a population of 200 million.
World Class Infrastructure
World class infrastructure including 24/7 power supply, roads, water, waste management, smart city reliable high-fidelity broadband internet etc.
Availability of Industrial Raw Materials
EEC locality and Nigeria are rich in industrial raw materials from naturally occurring minerals and agricultural produce.
Availability of Industrial Gas Pipelines
The city is traversed by 2 active gas supply pipelines.
One - Stop Shop
EEC has enabling regulatory environment and institutions that provide a One Stop for Business Registration; Approval and Renewal of Permits and Operating Licenses; and an Independent Regime on Immigration and Customs etc.
Access to Cheap Labour
Availability of skilled labour. 63% of the population of Nigeria is under 35 years, educated and provide cheap labour.
Access to market
EEC provides easy and immediate access to captive market of 200 million in Nigeria, 450 million in West Africa and 1.2 billion in the Africa Continental Free Trade Area (AfCFTA).
EEC as Vibrant Integrated City provides sustainability as a manufacturing hub with ancillary growth sectors of logistics, medical, entertainment, education/tech hub, commerce, lifestyle residency and aviation and a dedicated effort to support achievement of UN Sustainable Development Goals (SDG's)
Secure and Stable Environment
Availability of 24/7 security for safe and thriving business environment.
Transparency and Accessibility to Information
Business friendly, efficient and transparent governance, and guaranteed access to information by businesses.
Companies that will require ideal location for manufacturing for local market and export from Nigeria to West-Africa, Africa and the world.
Companies that may wish to invest in EECD as equity investor.
Companies that have appetite for new city development/urban infrastructure in Nigeria.
86 km 4 lane interstate roads connecting Akwa Ibom through Enyimba Economic City to Obinze in Imo State to be tolled.
200 km 4 lane interstate A3 Port-Harcourt – Enugu highway, a concession from Federal Government of Nigeria under the Highway Development and Management Initiative (HDMI).
161 km 4 lane interstate Onitsha-Owerri-Aba highway, a concession from Federal Government of Nigeria under the Highway Development and Management Initiative (HDMI).
8km rail to connect the Onne Port to the Inland Port in Enyimba Economic City which will operate as a regional logistics hub.
470 hectares proposed for an International airport to support the logistics hub in EEC.
INVEST IN EEC
EEC provides complete tax holiday from Federal, State and Local Governments along with tax exemptions on proceeds reinvested; interest on bonds and short-term securities; duty free importation of capital goods, machinery and components, spare parts, raw materials, and consumable items; waiver on all expatriate quotas; etc. for companies operating within the zone.