NIGERIA

Nigeria offers a wide variety of tourist attractions such as extended and roomy river and ocean beaches ideal for swimming and other water sports, unique wildlife, vast tracts of unspoiled nature ranging from tropical forest, magnificent waterfalls, some new rapidly growing cities and climatic conditions in some parts particularly conducive to holidaying. Other attractions include traditional ways of life preserved in local customs; rich and varied handicrafts and other colourful products depicting or illustrative of native arts and lifestyle, and the authentic unsophisticated but friendly attitude of many in the Nigerian population.
Many of these attractions are still largely untapped and even at their raw states, they are still being enjoyed by few outsiders, either very rich visitors in quest of exoticism or adventurous people in search of new challenges and experiences.

Investors, both foreign and local are therefore called upon to come and invest in the abundant tourism potentials in the country. The richness and diversity of Nigeria's tourism resources coupled with economic liberalization policies will provide investment opportunities in various areas.

ATTRACTIONS

Heritage/Cultural Tourism Resources Development of slave trade relics
Establishment of museums and preservation of monuments
Wildlife Tourism Resources
Development of hiking trails and Jeep tracks in the national parks
Development of picnic and camping sites at strategic locations within the trail circuit system in the national parks
Building of tourist lodges
Building of reception centres at Natural/Physical Attractions
Provision of cable bus system to take tourist through the very rugged but scenic terrain of the mountains especially in Kanyang, Obudu and Mambilla Plateau Construction of lodge cabins for expedition tourist and rangers.
Establishment of hotels and resorts near waterfalls, springs, caves and temperate climate areas such as Obudu, jos and Mambila Plateau.
Beach Tourism potentials Establishment of boating and sport fishing facilities
Development of water transportation Provision of educational facilities for water skiing and swimming
Establishment of holiday resorts along the coasts.
Development of Amusement parks, entertainment facilities and shopping services

Development of arts and crafts which constitute symbol of the people's cultural values and love for nature.
Transportation Nigeria has attained a high level of good transportation system especially Airline and Road Transportation, investment opportunities are still needed in water recreation transportation and rail services.

RAPID INFORMATION SHEET
(Actually based on the year 2007 estimates)
Geography
Official language: English
Other key languages: Hausa, Yoruba, Ibo, other, Niger-Congo dialects
Major religious groups: Muslim, Christian, Ethnic
Capital: Abuja
Population: 147.8 m
Land area: 923,768 km²
Population density (people/km²): 160.0

Key economic data
GDP: US$ 117.3 bn
GDP per capita: US$ 794
PPP GDP per capita: US$ 1,627
Average Real GDP growth 2000-06: 5.9%
Currency: Naira
Key exports: Oil, gas
Key imports: Machinery & transport, Chemicals, food & live animals

Tax indicators

Companies:
• Company tax: Resident companies: 30% of taxable profit
• Company tax: Nonresident companies: 6% of Turnover on Nigeria activities
• Secondary Tax on Companies (STC)
• Information Technology Tax: 1% of Profit Before Tax
• Education Tax: 2% of Assessable Profit
• General sales tax: N/A%
• Value-added tax: 5%

Individuals:
• Fiscal year end: 31st December
• Individual marginal tax rate (maximum): 25%
• Basis of taxation: Entire income

Withholding tax:
• Interest: 10%
• Dividends: 10%
• Royalties: 10%
Exchange controls: Exist
Double tax treaties; Exist
Capital gains tax: 10%

NIGERIA

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