For the last 35 years of Nigeria's turbulent
history the Jagal Group has successfully steered
a course through a constantly changing socioeconomic
and political climate. To survive in such a
volatile climate, let alone expand has been
the priority and aim of the business community;
many have failed. Those that have succeeded
have done so by anticipation of and rapid response
to events as they occur. The Jagal Group has
led by example, with proven determination and
commitment to the growth of Nigeria.
The recent developments in Nigeria politics,
with declared aims of stamping out corruption
and implementation of an economic restructuring
program, will lead to significant business opportunities
in many fields of activities during the 21st
century. Nigeria's vast natural resource base
in both human and mineral terms will therefore
be increasingly available for investment by
foreign nationals and companies. Now is the
time to begin identifying the more attractive
oppurtunities, since competition will intensify
as Government stabilises and investor confidence
increases.
The indigenization Decree, which had previously
restricted the total equity owned by a foreign
investor in a Nigerian enterprise, has been
repealed. Now, in almost all cases, a 100% equity
share is available to foreign entity. However,
anyone wishing to do business in Nigeria must
remain aware of the potential pitfalls which
need to be avoided if they are to succeed in
what is a vibrant, energetic and demanding commercial
environment.
It is within this context that the Jagal Group
can offer overseas investors & companies
the advantages of more than three decades of
in-depth experience, and considerable success,
within Nigeria’s commercial and industrial
sectors.
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