2015 election: APC gives Tambuwal Presidential ticket - National Mirror

VP zoned to South-West, Buhari, others dropped

Barring any lastminute change, the leadership of the All Progressives Congress, APC, may have endorsed the Speaker of the House of Representatives, The Right Hon. Aminu Tambuwal, as the presidential candidate of the main opposition party in the 2015 general election. National Mirror gathered that other presidential aspirants on the platform of the party, including the former Head of State. Maj.- Gen. Mohammadu Buhari (rtd.), are being persuaded to step down for Tambuwal.

As a prelude to the formal announcement of his candidature, Tambuwal has been advised to formally dump the ruling Peoples Democratic Party, PDP, which provided the platform for his election into the lower chamber of the National Assembly and defect to the opposition party.

Already, findings showed that Tambuwal had agreed to the condition. Reliable sources close to the party disclose to National Mirror indicated that Tambuwal would meet the condition as soon as the House reconvenes in the New Year.

It was gathered that the leaders of APC in settling for Tambuwal considered that he possessed solid character content to sway the support of Nigerians for his candidature in the presidential election.

It was also learnt that those rooting for Tambuwal in APC were of the opinion that his integrity and pedigree were strong points over candidates of other political parties in the presidential election, especially in the likelihood that the ruling party fielded President Goodluck Jonathan.

Investigation revealed that APC leaders were persuaded by the independent disposition of Tambuwal in the management of the affairs of the House, particularly his courage to shun the interference of the leadership of PDP and the Presidency. One of the APC leaders, who spoke with our correspondent, said Tambuwal’s uncommon courage has endeared him to Nigerians.

“The leaders of APC have settled for the Speaker of the House of Representatives, Alhaji Aminu Tambuwal as the party’s presidential candidate in the 2015 election.

Although the decision is not public yet but there is a consensus of opinion by our leaders that the Speaker (Tambuwal) be allowed to fly the flag of the party in the presidential election.

“Our leaders believe that the Speaker has what it takes to win the presidential election and Mr. Speaker has been told to dump his party, PDP and move into APC to enable him to scale the hurdle. Tambuwal has agreed to that and he is expected to declare for APC with some other members of the House in the first quarter of New Year.

“In deciding on Tambuwal, his originality and independence in the handling of the affairs of the House were taken into consideration. Nigerians are impressed that Tambuwal shunned entreaties by the leadership of PDP and the Presidency to make the House an appendage of the executive arm of government.

“The Speaker has no doubt endeared himself to a lot of Nigerians by his sterling leadership qualities and APC believes that such qualities are required from any Nigerian aspiring for the highest political office in the country,” added the source, who did not want his name mentioned. Buhari and other presidential aspirants on the platform of the party were being persuaded to step down for Tambuwal.

According to him, Buhari and others were made to understand that the interest of the party superseded the ambition of any individual within the party.

He added that other presidential aspirants in the party have been advised to bury their interest to enable the party present “a credible and marketable presidential candidate to Nigerians.”

“The APC is working on all the presidential candidates and they are being persuaded to step down for Tambuwal, who is considered suitable for presidential election. Already, Gen. Buhari and others have displayed uncommon understanding and they are likely to embrace and accept Tambuwal as the flag bearer of the party in the presidential election,” the source added.

A reliable source in the APC also confided in National Mirror that the leadership of the APC had zoned the presidential ticket of the party to the North while the vice-presidential ticket had also been zoned to the South-West which had in turn zoned it to the Ekiti/Ondo axis.

National Mirror reliably gathered that while a young Muslim northerner is the preferred choice, the vice-presidential candidate, will be an elderly practicing Christian. The source told National Mirror that three candidates had actually been penciled down for the vice- presidential slot in the South-West.

It was learnt that Lagos State Governor Babatunde Fashola, who was in times past a frontrunner as likely vice- presidential candidate was knocked off with the zoning of the slot to the Ekiti/ Ondo axis of the South- West geo-political zone.

APC leaders were also of the view that a Muslim- Muslim ticket like the 1993 presidential election, where the late business mogul, M.K.O. Abiola chose a Northern Muslim, Babagana Kingibe as his running mate would not fly in today’s Nigeria.

Also not working in Fashola’s favour was the alleged frosty relationship between him and his predecessor and national leader of the APC, Bola Ahmed Tinubu, who was said not be comfortable with a Fashola vice presidency.

A former governor of Ekiti State and a serving governor on the region were also considered but dropped on account of their relatively “young” age.

National Mirror also reliably learnt that the Christian Association of Nigeria, CAN, after meeting with the leadership of the APC insisted on the choice of a “practicing Christian” as a vice presidential candidate of the party.

It is yet to be known which office would be zoned to the South East and South-South geo-political zones in the political calculations of the APC, but analysts opined that the South East may be pacified with the presidency of the Senate while the South-South may end up with the Speaker of the House of Representatives.

Meanwhile, 29 members of the House of Representatives, National Mirror learnt authoritatively yesterday, would defect to the All Progressives Congress, APC, between January and February 2014.

A member of the House from Jigawa State, who is still in the ruling PDP, disclosed this to National Mirror yesterday. It was also gathered that about four lawmakers who have lost out with the party in Benue State have concluded plans to take the leap in January.

“Yes, we are still PDP members, but I can’t guarantee that in January we would still be there. It is only Jigawa, many other states too. We are not less than 29 moving in January,” he said.

He however, did not confirm that the Speaker, Tambuwal would defect to the APC in January. This was just as about 15,000 members of the PDP in Bogoro, Dass and Tafawa-Balewa local government areas of Bauchi State have also dumped the ruling party and decamped to the APC.

In a related development, over 1,000 members of the PDP and other political parties in Ikosi-Ejinrin Local Council Development Area, LCDA, of Lagos State also yesterday decamped to the APC.

Thirty seven members of the House of Representatives elected on the platform of the PDP had already defected to the opposition, APC, giving the opposition a slim majority in the lower House.

With this development, the APC now controls the lower House with a majority of 172 members while the PDP has 171. But to change the structure of the House, the APC needs 181 members.

There are 360 members in the House. Should the 29 members move to join the APC in January, the party would have about 200 members of the House, far more than the required number to control the House.

In Bauchi, members of the PDP in Bogoro, Dass and Tafawa- Balewa local government areas, led by the lawmaker representing the federal constituency, Hon. Yakubu Dogara, at a rally, which took place at the famous Watal Hotel in Tafawa-Balewa Local Government Area, the headquarters of the federal constituency, dumped the ruling party for the opposition.

The defection attracted eminent politicians, diplomats, youths and women, including serving political appointees of Isa Yuguda. Speaking at the occasion, Hon. Dogara said that his defection to the APC followed PDP’s perpetual injustice and lack of internal democracy and insensitivity to the plight of the people, adding that the PDP-led government has failed to fulfill its campaign promises to his constituency.

He lambasted the PDP administration for operating as a military junta without regard for the people, noting that the government has failed to curb the lingering security crises in the North-East.

His words: “I cannot continue to stay in the PDP, which has failed to execute any single project in my constituency since the advent of democracy, despite bankrolling President Goodluck Jonathan and Yuguda’s victory in my constituency in 2011 despite my area being a PDP stronghold.”

Also speaking, the leader of the defectors, Michael Kogos, said that their decision to dump the PDP followed the party’s failure to carry the people along; lack of internal democracy as well as the lingering crisis in the party at all levels.

Kogos said that the APC has come to stay in Bogoro, Dass and Tafawa-Balewa local council areas of the state in support of Hon. Dogara, whose giant strides were commendable.

The defected PDP members accused the Yuguda administration of blurred vision and failure to consolidate on the work of his predecessor, Adamu Mua’zu.

It would be recalled that last week, about 15,000 members of the PDP were confirmed to have dumped the party for the opposition APC in the state, a development which the state PDP secretary described as “bad omen for the party.”

But the state Publicity Secretary of the PDP, Alhaji Alin Ardo, said, the defected member of the House of Representatives would soon return to the umbrella.

He debunked claims that the PDP government has not executed any single project in his constituency, thus warranting his defection to the APC, saying that the federal and state governments have been up and doing in the area.

In Lagos, the PDP chairmanship candidate for the Ikosi-Ejirin LCDA in the 2011 local government election, Segun Ogunsanya, led the PDP defectors who were received into the APC by a former Commissioner for Health in the state, Mr. Leke Pitan; former Speaker of the Lagos State House of Assembly, Hon. Joko Pelumi and the APC chairman in the LCDA, Elder Lateef Sangosanya, to the APC. Speaking on the rationale behind their move, Ogunsanya, described the decision to dump the PDP as the best thing to do, following the developmental strides embarked upon by the incumbent chairman, Prince Olusegun Adetola.

The vice chairman of the party in Lagos State, Alhaji Akanni Seriki Bamu, urged the new APC members to ensure that the expected dividends of democracy are enjoyed by the people, assuring that there would be no form of discrimination against the new members of the party, as they would have the same rights as the old members of the party.

It would be recalled that the latest defection is the third time politicians of various parties will be decamping to APC in Ikosi-Ejinrin LCDA

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Get Rich or Die Trying!

                                                                                       24TH  DEC. 2013               

PRESS BULLETIN

CONSPIRACY AND OBTAINING MONEY UNDER FALSE PRETENCES

                             SUSPECTS:  [1]  HAJARA EGBRA

                                                    [2]  ALHAJI MOHAMMED SADIQ

SFU has arrested one Hajara Egbra in a case of obtaining the sum of N25million under false pretences.  A petition dated 5^th June, 2013 alleged that in 2009, the Petitioner, a business woman purchased a plot of land measuring 2,500 sq. meter within Asokoro Extension, Abuja from the suspect on an agreed sum of N25million and the payment was made in three instalments of Ten Million Naira and Eight Million Naira.  The suspect issued a receipt with Invoice No. 0073 dated 29/09/2009 and Invoice No. 0201 dated 06/10/2009.  The Petitioner further alleged that the third payment of Five Million Naira was paid through First Bank cheque No. 01795293 dated 19^th December, 2012.  The Petitioner stated that it was while she was trying to process the building plan and other related documents that she discovered that she has been duped. 

The suspect actually sold to her a land that already has an owner.  Also, the suspect gave her another plot which she had already fenced with the sum of N450,000.00 and was later told by the suspect that the plot is equally not vacant. 

The suspect, Hajara Egbra who hails from Okene in Kogi State was arrested along with one Mohammed Sadiq.  Hajara Egbra, a 45years old Technical Officer with Federla Capital Development Authority and also double as a business woman with a shop at Garki Modern Market, Abuja.  She confessed the allegation leveled against her of obtaining the sum of N25million from the Petitioner.  That she gave the sum of N18.5million to one Alhaji Mohammed Sadiq, a Developer while the remaining balance is for her services.  Mohammed confessed collecting the sum of N18.5million from Hajara and has jumped the Police bail.  Effort is on to re-arrest the fleeing suspect.

The arrested suspect will be charged to court soonest.

DSP NGOZI ISINTUME-AGU

Police Public Relations Officer

For: Commissioner of Police

Special Fraud Unit

Ikoyi – Lagos

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                                                                                       24TH  DEC. 2013

                  

PRESS BULLETIN

CASE OF CONSPIRACY/STEALING

                             SUSPECT:  ADEOLA OLOKOJOBI

The Petitioner, who is a customer to a new generation financial institution alleged that his account officer, one Adeola Olokojobi had not been forthcoming with his account balances and that the balance given to him was at variance with his actual balance in the account.  The bank internal investigation into the account showed a forged instruction by the account officer in April 2013 transferring the sum of N15million to an unknown customer account.  Also, the bank discovered other various fraudulent withdrawals made by the account officer from other customers’ accounts in his care through fake transfer instructions amounting to over N50million.

The Suspect, Adeola Olokojobi aged 31years is a Banker with Bsc (Banking & Finance).  He joined the new generation financial institution in 2009 as an Account Officer.  He confessed to fraudulent withdrawals amounting to N50,640,748.00 from the account of the Petitioner by transferring funds into the accounts of customers with forged signature and subsequently withdrew same.  The funds were used to finance his political campaign, proposed pure water company and purchase of an uncompleted building at Sango-Ota, Ogun State.    

Arrangement is being made to arraign the suspect in court, very soon.

DSP NGOZI ISINTUME-AGU

Police Public Relations Officer

For: Commissioner of Police

Special Fraud Unit

Ikoyi – Lagos

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How to Make ₦300,000 Monthly From POPCORN Business in Nigeria

How to Make ₦300,000 Monthly From POPCORN Business in Nigeria

Popcorn business in Nigeria is one of the very lucrative business you can start with little amount of money and make it big with proper planning and good marketing.

Very few people knows how profitable this business is, and they are happy to keep it secret from you while they make all the money. But gone are the days of secrecy — I’m going to break it down here, show you how you can get started in simple easy steps, and get your questions answered through the comment.

Popcorn_Business_Nigeria

The type of popcorn I’m talking about isn’t the regular [one spot sale] popcorn you see all over the streets — take a stroll around the major roads in Lagos, you will see the type of popcorn packages that is sold on the roads at the hold-ups. It is usually sold for N100 and people are buying it in hundreds of thousands every day, it’s almost selling faster than pure water maybe due to the convenient packaging.

The popcorn you see on the streets are not made by the sellers, people process them in quantity and supply to them while they sell and make profit. Pick one of them and you will see the addresses and phone numbers of the maker, that’s the business I’m talking about! You can start processing popcorn in large quantity and be supplying to the retailers (hawkers and supermarkets) in the city.

One thing that make the business attractive is because the materials involved in the production are not costly, anyone can afford them with little efforts. The product sells fast too because people just enjoy eating popcorn for many reasons.

Popcorn is one my favorite snack likewise it is to many people. We likes it due to The crispy effect in the mouth, the nutritional value, and children likes it a lot so parents buy it for their children.

Again, the profit potential is quite good and if you can take it to the next level, you will be assured of making even much more sales and profit.

If you produce 10,000 monthly and sell to the retailers at the price of (maybe) N70, the retailers will sell for N100 and make profit of N30 each.

The cost of producing a pack is not more that N40 therefore you will be making profit of N30 each as well. With this projection, 10,000 packs will give you 10,000 x N30 = N300,000 of pure profit in a month!

I’ve gone round and discovered that most people who are into this business are doing it the wrong or old way. In this article, I will try to explain what you need to do to get yours right and make all the money for yourselves.

If you can apply my strategy, I guarantee you will make more sells that anyone in the business. If you’re ready, here are the requirements you need to put in place to be in Popcorn business.

Popcorn Machine – Known as popcorn maker. You will need bigger popcorn machine since you will be producing in larger quantity. Look for nice one in the market and buy two or more depending on how many hands you need in the business. I will encourage you to employ hands in this business for effective production and distribution.

Get the type of popcorn frying machine that is normally used by the eateries. Go for the type that produce salt and sugar popcorn at the same time; ET-POP6A-D or Funpop 8 oz, it is sold from N62,000. It’s bigger and process faster that the regular one.

If your area doesn’t have electricity, buy the type of popcorn maker that uses gas cylinder and electricity so that you can switch to both power sources. Prices for popcorn maker starts from N20,000. Go to the seller and negotiate the price.

If you have enough money, you can go for commercial type like the one pictured here. One of this will be able to pop all the corn you want in a day.

Sealing Machine – Manual sealing machine cost N10,000 to N15,000 in the market, find out what the exact prices are and negotiate with the seller. Buy according to the number of workers you have — more hands, more machine, and more productions.

The manual sealing machine is powered by electricity while you control the sealing manually. You just position the pop corn filled nylon on the machine and pressed the ‘handle like’ controller on the nylon edge and it will be sealed by the hot rim. You will get better information on how to operate it from the accompanying literature!

Branded Nylon – The is where the big deal is. To stay ahead of competitors in this business, your strongest selling point should be your brand. Make sure your package nylon is well branded. It’s not enough to just write your business name and phone number on the nylon, create attractive brand for your business.

Take a clue from the eateries and see how their packages are professionally branded with good and quality designed pictures and graphics, complete with professional logo. That’s what sells in business — all popcorn are the same but your brand could make yours different in the eyes of consumers.

It doesn’t cost much to get a professional branding for your business, employ a professional graphic designers to do it for you. Then use the design for all your nylons and other items like the popcorn wrappers if you are using wrapping papers.

Bags of Corn – Your major raw material in this business is corn. Buy enough bags of corn depending on the quantity you wants to produce. You can get as many bags of corn as you want in Mile-12 market in Lagos.

For corn to pop, There should be certain amount of moisture within the corn, so that when heated makes it pop from the inside out, when a corn don’t get popped from inside out, it’s called a dud, which means there was not enough moisture in that corn. Look for sweet corn that contain enough moisture.

Sugar, Salt, Butter – You need sugar and salt and butter to make your popcorn taste great. These one are difficult to get, go to any shop near you and buy as much as you need.

Note: You need to get additional training on how to mix the sugar, butter, and salt and the desired quantity. You will also need to learn how to pop the corn.

Marketing Tips – Target the street hawkers, they sell the product faster and in large quantity. If you can get 10 hawkers, you will be sure of supplying them about 500 daily — that is a whooping 13,000 monthly.

Talk to Supermarkets and shop owners, you will be surprised of the positive responses you will get if your branding is attractive enough.

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Registration of Incorporated Trustees (NGO’s)

Registration of Incorporated Trustees (NGO’s)

• Availability
• Procurement of application form which contains a memorandum for guidance of application
• Publication of notices in three (3) national dailies, one being a local newspaper widely circulated in the area where the organization is based
• Submission of the duly completed application form in triplicate which should be accompanied by the following

1. A formal letter of application
2. The original newspaper publications
3. 2 copies of Applicant’s constitution
4. Minutes of the meeting whereat the trustees were appointed, having the list of members present and absent and showing the voting pattern, signed by Chairman and Secretary of the Board
5. Minutes of the meeting where the special clause rules was adopted into the constitution of the organization; signed by Secretary and Chairman
6. Trustees (Applicants) have to attach 2 passport sized photographs of themselves
7. Trustees have to sign against their names on the application form (encl d) and furnish permanent residential addresses
8. The impression of the common seal should be affixed on page 11 of the form and
9. Draft of 20,000.00k in favour of CAC and made payable in Abuja
10. Two copies of the application form
11. Application form duly signed by Secretary and Chairman of the Board

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Guidelines for doing business in Nigeria

NIGERIAN INVESTMENT PROMOTION COMMISSION

GUIDELINES / PROCEDURES FOR DOING BUSINESS IN NIGERIA

Based on the existing legal framework, any investor that wishes to do business in Nigeria is required by law to register a company with the Corporate Affairs Commission and pay stamp duties with the Federal Inland Revenue Services (FIRS).

For the purpose of clarity and simplicity, the NIPC has divided into stages the procedures for doing business in Nigeria either by a local or a foreigner as the case maybe. Please find below the processes:

Stage 1:

Corporate Affairs Commission (CAC) was established under the Companies and Allied Matters Decree No. 1 of 1990. The Commission has statutory responsibility for registration of companies, business names and Incorporated Trustees.

.

REQUIREMENTS FOR COMPANY INCORPORATION

• Conduct an availability/name Search, at the CAC Desk, for the proposed Company to be registered.

• Once the desired name has been cleared, a set of incorporation forms will be purchased, and the investor may proceed to prepare the Memorandum and Articles of Association for the Company.

• Initial documents are then submitted to the Federal Inland Revenue Service Desk for payment of stamp duties and stamping.

• Completed and stamped documents with attached permit(s) are to be submitted to the CAC Desk for verification.

• The Certificate of Incorporation is then handed over, with accompanying Certified True Copies of relevant documents, to the investor.

Note:

• The investor has an 18-month grace period before paying for Annual Returns on the Company.

• All Post Incorporation processes are done at the Head Office of CAC where all Company files are kept in safe custody pending the completion of the on-going data entry on CAC records.

For further information visit website at www.cac.ng.org.

FEDERAL INLAND REVENUE SERVICE (FIRS)

Under the extant laws in Nigeria, Companies are required to register and render their tax returns to the FIRS Tax Offices nearest their registered addresses and pay their taxes there.

Requirements for payment of Stamp Duties

Documents submitted for the payment of Stamp Duty are the CAC 2 Form (statement of share capital), and 2 (two) duly completed and signed Memorandum and Articles of Association.

• When the Stamp Duty has been paid and the incorporation documents stamped at the FIRS Desk, the investor returns to the CAC Desk to complete the incorporation process. He or she will be given FIRS Taxpayer Registration input form for companies to fill and submit to the FIRS Desk.

• A Tax Clearance Certificate is issued after the investor presents evidence of incorporation.

• At the point of collection of the Tax Clearance Certificate, the following relevant Tax forms are issued with the addresses of the Integrated Tax Offices to enable the investor commence the process of rendering returns.

Note: Payment of Stamp Duties on share capital is compulsory for all incorporating companies, and varies according to the company’s share capital amount.

Value Added Tax

The Value Added Tax (Nigeria) is a tax on supply of goods and services which is eventually borne by the final consumer but collected at each stage of the production and distribution chain at the rate of 5%. The VAT was introduced to Nigeria Tax Laws in 1993 as a replacement to the Sales Tax and came into force on 1^st January, 1994.

WHO IS REQUIRED TO REGISTER

All domestic manufacturers, wholesalers, distributors, importers and suppliers of goods and services in Nigeria are expected to register for VAT. Also, non-resident companies that carry on businesses in Nigeria are expected to register using the addresses of the persons with whom they have subsisting contracts as their addresses for the purposes of correspondences relating to the tax.

TAXABLE ACTIVITY

A taxable activity includes any activity other than those mentioned in the exempt list of the Value Added Tax Act, 2007, conducted as business, vocation, trade and profession. It includes the activities of governments, associations and clubs.

ZERO-RATED SUPPLIES

Zero-rated supplies are supplies that are charged to tax at the rate of 0%. This includes non-oil exports, goods and services purchased by diplomats and goods purchased for use in humanitarian donor funded projects. The main difference between a company whose products have been exempted from VAT and a company whose supplies are zero-rated is that the former need not register for VAT while the latter is mandatory to register and also submit VAT returns.

SUBMISSION OF TAX RETURNS

Once a company is registered for VAT, such a company is expected to render VAT returns of activities on a monthly basis to the Tax Office treating the tax matters of the company. The activity of a particular month is reported on the VAT returns of the following month which is due for submission on or before the end of that month.

For further information, please  visit www.firs.gov.ng

Stage 2:

In accordance with the NIPC Act No. 16 of 1995, every company with foreign participation after incorporation with Corporate Affairs Commission (CAC) must register their company with the NIGERIAN INVESTMENT PROMOTION COMMISSION (NIPC).

Requirements for Business Registration

i.   Duly completed NIPC Form I (collected at the OSIC Centre)

ii.  Memorandum & Articles of Association

iii. Evidence of Incorporation

iv. CAC Forms CO2 and CO7

v.  Power of Attorney/ Letter of Authority (where applicable)

Stage 3:

An enterprise, in which foreign participation is involved, shall obtain Business Permit and Expatriate Quota before commencing operations in Nigeria with the Ministry of Interior.

The Citizenship and Business Department of the Ministry of Interior has responsibility for administering and enforcing the provisions of the immigration Act. 1963 as they relate to the establishment of business in Nigeria and the employment of expatriates. In other words, the Interior Ministry is entrusted principally with the following responsibilities:

Requirements for Business Permit and Expatriate Quota

i.Formal application letter to the Honourable Minister, Ministry of Interior

ii.Minimum share capital requirement of N10million

iii.Duly completed Immigration Form T1

iv.Certificate of incorporation

v. CAC forms C02 and CO7

vi.Memorandum and Articles of Association

vii.Tax Clearance Certificate

viii.Certificate of Capital Importation

ix.Evidence of acquisition of business premises

x.Tenancy or Lease Agreement (to be registered with Federal Inland Revenue)

xi.Feasibility Report or Business Plan

xii.Training Programme for Nigerians

xiii. Schedule of names, addresses, qualifications and positions to be occupied by expatriates

xiv. Evidence of machinery acquisition (where necessary)

xv. Bank reference

For further information please contact the Commission’s help desk on osicinfodesk@nipc.gov.ng  

Fees of different Agencies at the One Stop Investment Centre (OSIC)

A.     GRANT OF BUSINESS REGISTRATION CERTIFICATE

SN	SERVICES	FEES
1	Business Registration application form (NIPC Form 1)	Free
2	Issuance of Business Registration certificate	N50,000

B.      GRANT OF PIONEER STATUS INCENTIVE

SN	SERVICES	FEES
1	NIPC Form 2	N40, 000.00
2	Processing fee	N100, 000.00
3	Collection of Approval Letter	N60, 000.00
4	Application of Pioneer Status Extension	Free
5	Approval of Pioneer Extension	N100, 000.00

C.      COMPANY INCORPORATION (Corporate Affairs Commission)

SN	SERVICES	FEES
1	A set of company incorporation forms	N 500
2	Availability form	N 200
3	Registration of public companies whose share capital does not exceed N1m Exceeds N1m	N 20,000.00 N 30,000.00 for the first N 1m and thereafter, N 20,000.00 for every N 1m of part there of
4	Registration of private companies whose share capital does not exceed N1m Exceeds N1m	N 10,000.00 N 10,000.00 for the first N 1m and thereafter, N10,000.00 for every N1m of part there of
5	Registration of increase in share capital of public companies for every N1m	N20,000.00
6	Registration of increase in share capital of private companies for every N1m	N10,000.00
7	Certified True Copy of Memorandum and Articles of Association	N3,000.00
8	Certified True Copy of CO2, CO7, and CO6	N2,000.00 each

D.     STAMP DUTY (Federal Inland Revenue Service)

N1.50 is charged for every N200.00 worth of Share Capital. A sum of N100.00 is also charged on each Memorandum and Articles of Association submitted for stamping.

E.      FEES FOR EXPATRAITE QUOTA POSITIONS ( Federal Ministry of Interior)

S/N	SERVICES	FEES
1.	Business Permit/Expatriate Quota:  ( Form T1)	N75,000.00
2.	Grant of Establishment Quota (per slot)	N10,000.00
3.	Renewal of Quota Position (per slot)	N5,000.00
4.	Additional Quota (per slot)	N10,000.00
5.	Stay of Action	N5,000.00
6.	Regarding of Quota (per slot)	N10,000.00
7.	Appeal Processing Fee	N10,000.00
8.	Restoration of Lapsed Quota	N55,000.00
9.	Upgrading of Quota P.U.R (per slot)	$10,000
10.	Resignation of P.U.R. slot (GM to MD or MD to GM etc)	$10,000
11.	De-tagging /Extension of Quota (per slot)	N10,000.00
12.	Revalidation of Lapsed Quota (per slot)	N10,000.00

F.       FEES FOR IMMIGRATION SERVICES (Nigerian Immigration Services)

S/NO	CATEGORY	FORM ISSUED	CERPAC VALID 1 YEAR
1.	Missionary	CR	$200
2.	Students	CR	$200
3.	Non ECOWAS African Nationals	CR	$200
4.	Cameroonians	CR	$240
5.	Others	AO	$350

Agencies and the services rendered at the One Stop Investment Centre

	Agency	Mandate	Role in OSIC
1.	NIGERIAN INVESTMENT PROMOTION COMMISSION (NIPC)	The Nigerian Investment Promotion Commission (NIPC), as a Federal Government Agency, was established by Act of Parliament No. 16 of 1995 to among others; encourage, promote and coordinate investments in the Nigerian economy.	Registration of Foreign Investments, Issuance of Business Permits, Complaint Management, Linkages with NIPC Departments, and other Government Agencies, Country-wide liaison with the 36 States on investment matters etc.
2.	CORPORATE AFFAIRS COMMISSION (CAC)	CAC was established under the Companies and Allied Matters Decree No. 1 of 1990.The Commission has statutory responsibility for registration of companies, business names and Incorporated Trustees.	Undergo Name searches and Company Incorporation
3.	NIGERIA IMMIGRATION SERVICE (NIS)	The Nigerian Immigration Service (NIS) was formally established by an act of Parliament (section 5 of Immigration Act L.N. Cap. 171 1963) to attend to immigration matters.	Provision of information and guidance on immigration matters, regularization of Permanent Work Permits and issuance of STR Visas
4.	NIGERIA CUSTOMS SERVICE (NCS)	Established by Customs and Excise Management Act (CAP 45 LFN 2004), ‘An Act to regulate the management and collection of duties of Customs and Excise, and for purposes ancillary thereto’.	Issuance of Import & Export Guidelines, Procedure for citing Excise Factories, Goods clearance facilitation and general information on Fiscal Policy issues.
5.	FEDERAL INLAND REVENUE SERVICE (FIRS)	FIRS mandate is to assess, collect and account for the taxes accruable to the Federal Government under the Companies Income Tax (amendment) Act, 2007, the Value Added Tax (Amendment) Act, 2007 and the Federal Inland Revenue Service (Amendment) Act, 2007.	Tax Registration , Payment of Stamp Duties, Issuance of Tax  Clearance Certificates and issuance of Tax Forms
6.	NATIONAL OFFICE FOR TECHNOLOGY ACQUISITION & PROMOTION (NOTAP)	NOTAP, a parastatal of the Federal Ministry of Science and Technology, was established by Decree No. 70 of 1979 to among other things facilitate and implement the acquisition, promotion and development of technology in Nigeria.	To facilitate the registration of contract agreements dealing with transfer / acquisition of Technology between Nigerians and their foreign partners. Facilitate approvals for licenses, Patents and Franchises etc.
7.	NATIONAL AGENCY FOR FOOD & DRUG ADMINISTRATION & CONTROL (NAFDAC)	National Agency For Food & Drug Administration & Control (NAFDAC), was established by Decree No 15 of 1993 as amended by Decree 19 of 1999 and now the National Agency For Food & Drug Administration & Control Act Cap N1 Laws of the Federation of Nigeria (LFN) 2004. This Act mandates NAFDAC to regulate and control the manufacture, importation, exportation, distribution, advertisement, sale and use of food, drugs, cosmetics, chemicals, detergents, medical devices and packaged water (known as regulated products).	Provision of information, advisory services, facilitation and kick starting of registration process on products.  On-going processes such as registration of pharmaceuticals and food can be facilitated at the Centre.  The registration status of a product can also be obtained at the Centre through the NAFDAC Registered Products Automated Database (NARPAD).
8.	STANDARDS ORGANIZATION OF NIGERIA (SON)	SON was established by Enabling Act No. 56 of 1971 for preparing, implementing and promoting standards for products and processes and for ensuring compliance with Federal Government policies on standardization and conformity assessment of both locally manufactured and imported goods, throughout the country.	Facilitates all aspects of Standardization activities, approvals or permits for use of standards. Provision of information and guidance on the following: ·      MANCAP Certification ·      SONCAP Certificate ·      Training in NIS ISO 9000 and NIS ISO 14000
9	MINISTRY OF MINES AND STEEL DEVELOPMENT (MMSD)	The Ministry is saddled with responsibility for the formulation and execution of policies as well as the enforcement of all Laws relating to prospecting, mining, and quarrying of Solid Minerals throughout Nigeria. The Ministry, through its Agency, the Nigerian Geological Survey Agency (NGSA), is also responsible for the geological mapping and exploration of Minerals with a view to providing information for investors.	Facilitation in obtaining Exploration Licenses, Mining Leases and Provision of information and guidelines on investing in the Solid Minerals Sector
10	NATIONAL BUREAU OF STATISTICS (NBS)	The National Bureau of Statistics (NBS) is the Federal Agency mandated by Law to produce statistics for the Nation on all aspects of Human Activities	Provision of information on Statistical Data on the Nigerian Economy
11	MINISTRY OF THE FEDERAL CAPITAL TERRITORY (FCTA)	The Federal Capital Development Authority (FCDA) was created by virtue of the FCT Act of 1976 to oversee the development of the new city. In 1979, it was given the status of a Ministry called the Ministry of Federal Capital Territory created via an official gazette extra-ordinary no. 55 volume 66 October 26, 1979, by virtue of this Act FCDA has the responsibility of planning and development of the entire FCT.	Facilitation on Land Matters for investment Projects, promotion of investments especially in Tourism, Infrastructure, Industries etc and provision of general information on the FCT.
12	FEDERAL MINISTRY OF FINANCE (FMF)	The Federal Ministry of Finance is conferred with the responsibility of controlling, managing and monitoring revenues and expenditures of public finance of the Federation	Administration of Industrial Incentives, Tariff Administration and general information and guidelines on Fiscal Policy
13	CENTRAL BANK OF  NIGERIA (CBN)	The core mandate of the Central Bank of Nigeria (CBN) is derived from the provisions of the CBN Act of 2007. The functions are mainly in the following: §  Ensure Monetary and Price stability §  Issuance of legal tender currency §  Maintenance of External Reserve to safeguard the international value of the legal tender currency; §  Promotion of a Sound Financial System and §  Banker and financial adviser to the Federal Government.	Provision of information on financial sector regulatory requirements and procedures for carrying on such transactions by prospective investors, guidelines on correspondent banking and funds transfer, including Capital Importation.
14	NIGERIA MARITIME ADMINISTRATION AND SAFETY AGENCY (NIMASA)	NIMASA has the mandate to superintend the holistic but systematic implementation of the National Shipping Policy, the Nigerian Maritime Labour Policy; the Cabotage Law and the Nigerian Shipping Laws which are all geared towards the development of the Nigerian Maritime Sector to contribute optimally to the country’s socio-economic development.	Provision of general information and guidance and facilitating investments in the Maritime Sector.
15	THE FEDERAL MINISTRY OF INTERIOR (FMI)	The Ministry of Interior has responsibility for administering and enforcing the provisions of the Immigration Act. 1963 as they relate to the establishment of business in Nigeria and the employment of expatriates.  Hence the Ministry is statutorily mandated to, amongst others to do the following: ·   Responsible for Commercial and Civil Regulation. ·   Issuance of Expatriate Quota / Business Permit in Nigeria.	Provision of general information and guidance and facilitating the issuance of Business Permits and Expatriate Quota
16	NIGERIAN EXPORT PROMOTION COUNCIL (NEPC)	The Nigerian Export Promotion Council (NEPC) is the apex government agency charged with the responsibility of promoting non Oil Export in Nigeria. It was established through the Nigerian Export Decree No. 26 of 1976 and is statutorily mandated to, amongst others do the following: ·  Promote the development and diversification of Nigeria’s export trade. ·  Assist in promoting the development of export-related industries in Nigeria. ·  Spearhead the creation of appropriate export incentives. ·  Articulate and promote the implementation of export policies and programmes of the Nigerian Government.	Facilitating investments and Provision of general information and guidance related to Nigeria’s Export Trade.
17	NIGERIAN ELECTRICITY REGULATORY COMMISSION (NERC)	NERC is an independent regulatory agency which was established by the Electric Power Sector Reform Act 2005 and is mandated to carry out the monitoring and regulation of the electricity industry, issuance of licenses to market participants, and  to ensure compliance with market rules and operating guidelines.	Facilitating investments and Provision of general information and guidance in the Electricity Industry in Nigeria.
18	MINISTRY OF FOREIGN AFFAIRS (MFA)	The Ministry of Foreign Affairs (MFA) by the provision of the constitution of the Federal Republic of Nigeria is the statutory organ of Government charged with the primary responsibility of formulating, articulating and conducting Nigeria’s Foreign Policy.	Facilitating and fast-tracking all trade and investment related issues through over hundred Missions abroad and carrying out basic due diligence of foreign companies.
19	NATIONAL PLANNING COMMISSION	NPC was established by Act No. 71 of 1993 to among other things determine and advices on policies that will best promote national unity and integration and sustain the Nigerian nation. The key functions include: ·         Provision of policy advice to Mr. President in particular and Nigeria in general on all sphere of national life; ·         Set national priorities and goals and engender consensus amongst public & private sectors stakeholders for its accomplishment; ·         Undertake periodic review of & appraisal of the human & material resource capabilities of Nigeria for efficient and effective utilization; ·         Formulate and prepare short, medium & long term development plans and coordinate their implementation at the three tiers of government; ·         Monitor projects and progress relating to plan implementation; ·         Conduct research into various aspects of national interest and public policy with a view to foster sustainable economic development of Nigeria; ·         Manage multilateral & bilateral economic cooperation, including development aids, and technical assistance programming; and ·         Deals with matters relating to regional economic cooperation - ECOWAS, UNECA, South-South Cooperation etc.	·         Provision of information and technical advice on macroeconomic indicators; ·         Provision of information on Government Policy thrusts and priority sectors of the Nigerian economy; ·         Facilitation of registration of Non-profit making International NGOs; ·         Facilitate the activities and operations of the development partners in Nigeria such as EU, USAID, JICA, CIDA, DFID, UNICEF etc; and ·         Follow-up action on other matters relating to NPC mandates and functions at the Commission’s Headquarters in Abuja.
20	DEPARTMENT OF PETROLEUM RESOURCES	Established by the Petroleum Act 1969, the Department of Petroleum Resources has the responsibility - •         To regulate and monitor Upstream and Downstream oil and gas activities in Nigeria, ensure standards, compliance and best international industry practices. •         To manage and administer Nigeria’s oil and gas acreage and concessions. •         To conserve the nation’s hydrocarbon resources, and maximize returns on investment to government. •         To determine/collect royalties and other Oil and Gas statutory fees, charges, and penalties. •         To serve as the repository for archiving and retrieval of all oil and gas data in Nigeria. •         To advise government on the nation’s authentic oil and gas reserves, production and export for planning and development purposes. •         To ensure that oil and gas activities are carried out in a safe and environmentally sustainable manner. •         To co-operate with other agencies in ensuring that Oil and Gas operations in Nigeria have linkages with the host communities, and meet local content aspirations of government. •         To follow best practices in global HSE and environmental standards and adapt same to our national circumstances. •         To implement government policies on Oil and Gas matters. •         To grant necessary / relevant approvals, Licenses and Permits for operations and installations in the Oil and Gas Industry.	·   Provision of general Information/data on DPR statutory mandate and the Oil and Gas Sector to facilitate informed investment decisions. ·   Facilitation and guidance to investors in the issuance of various approvals/licenses granted by the DPR. ·   Provision of general advisory services on the investment opportunities in the Oil & Gas Sector, including matching investors’ requirements with opportunities available in the Sector. ·   Assisting investors through facilitation with relevant stakeholders in the Oil & Gas industry on access to support in respect of investment projects.
21	ODU’A INVESTMENT COMPANY LIMITED	Odu’a Investment Company Limited was incorporated in July, 1976 to take over the business interests of the former Western State of Nigeria now comprising Oyo, Ogun, Ondo, Osun and Ekiti including Lagos State. The Company was established to promote the socio-economic and industrial growth of the host States and create employment opportunities.	The Desk serves as the information bank for investment opportunities in the 5 South-Western States, with a view to attract foreign / local investments into the States including Lagos State. Provision of relevant investment data on security and incentives.
22	NEW NIGERIA DEVELOPMENT COMPANY (NNDC)	NNDC is a Development Finance Institution (DFI) owned by the (19) states that constitute the Northern Region of Nigeria. The company was established in 1949 to contribute to the Socio-Economic development of the region.	Provision of general advisory services on investment opportunities in Northern States, including matching investors requirements
23	SOUTHEAST/SOUTH SOUTH REGIONAL DESK	The Southeast/South-south Regional Desk is an innovation by NIPC at OSIC, established on march 16th, 2009 as part of the Commission’s proactive strategy to facilitate and fast-tracking inflow of foreign and local investment into the eleven(11) states of the SE/SS regional block.	Provision of data on investment opportunities, investment environment and incentives in the Southeast/South South Region of Nigeria. The Desk also liaises, co-ordinates and maintains necessary investment promotion and facilitation in collaboration with the States.
24	PHARMACISTS COUNCIL OF NIGERIA (PCN)	PCN is the agency statutorily charged with the responsibility for the regulation and control of the Practice of Pharmacy in Nigeria.	·                     Provision of general Information/data on PCN statutory mandate and the Health Sector to facilitate informed investment decisions. ·                     Facilitation and guidance to investors in the issuance of various approvals/licenses granted by the PCN. ·                     Provision of general advisory services on the investment opportunities in the Pharmaceutical Industry, including matching investors’ requirements with opportunities available in the Sector. ·                     Facilitation with relevant stakeholders in the industry on access to support in respect of investment projects on behalf of investors.
25	NIGERIAN COPRYRIGHT COMMISSION (NCC)	NCC is the Anti-Piracy and Enforcement agency for Intellectual Properties in Nigeria. The agency plays an important role in the maintenance of effective databank of authors, their works and the monitoring of the copyright Industry.	·   Provision of general Information/data on the Agency’s statutory mandate and the Copyright Industry to facilitate informed investment decisions. ·   Facilitation and guidance to Investors in the issuance of various approvals/licenses granted by the NCC.                                        ·   Provision of general advisory services on the general requirements in the Copyright Industry. ·   Facilitation with relevant stakeholders in the Copyright industry on access to support in respect of investment projects on behalf of investors.
26	MANUFACTURERS ASSOCIATION OF NIGERIA (MAN)	MAN is the focal point of communication and consultation between industry on one hand and the Government and the general public on the other hand.  MAN plays a strategic role in Nigeria and has contributed immensely to Government Policy formulation through constructive recommendations and view points.  It has provided manufacturers with the means of formulating and influencing general policies with regard to industrial, labour, social, legal, training, and technical matters in the overall interest of stakeholders.	·   Provision of general information/data based on the objectives/mandate of MAN to facilitate informed investment decisions. ·   Facilitation and guidance to investors on membership registration. ·   Provision of general advisory services on the investment opportunities in the Manufacturing Sector, including matching investors’ requirements with opportunities available in the Sector. ·   Facilitation with relevant stakeholders in the Manufacturing industry on access to support in respect of investment projects on behalf of investors.

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