The Federal Ministry of Industry, Trade and Investment has identified four priority sectors for 2026. Here is where the government is focusing incentives and where foreign investors should look.
The Four Priority Sectors
1. Manufacturing
Focus Areas: Automotive assembly, pharmaceuticals, textiles, food processing
Key Incentive: Pioneer Status (3-5 year tax holiday)
Target: Reduce import dependency by 40% by 2030
Special Economic Zones in Lagos, Kano, and Calabar offer additional benefits
2. Agriculture and Agro-Processing
Focus Areas: Cashew processing, cocoa value-addition, rice milling, poultry
Key Incentive: Zero import duty on agricultural equipment
Target: $10 billion annual agricultural exports by 2028
Nigeria is the worlds largest cashew producer but processes less than 10% domestically
3. Technology and Digital Services
Focus Areas: Fintech, software development, data centers, digital infrastructure
Key Incentive: Reduced withholding tax on tech services
Target: Position Nigeria as Africas leading tech hub
Lagos is already home to 5 of Africas 7 unicorn startups
4. Renewable Energy
Focus Areas: Solar manufacturing, mini-grids, battery storage, green hydrogen
Key Incentive: Capital allowance acceleration plus carbon credit eligibility
Target: 30% renewable energy by 2030
$30 billion climate finance target creates massive opportunities
Investment Facilitation
The Nigerian Investment Promotion Commission (NIPC) has streamlined the investment approval process. Key improvements include online application portal for all investment approvals, 30-day maximum processing time for standard applications, dedicated relationship managers for investments above $10 million, and a one-stop investment center in Abuja.
2025 Performance
NIPC facilitated $9.88 billion in investment commitments in 2025, creating over 5,000 direct jobs. The manufacturing sector attracted the largest share at 42%, followed by technology at 28%.
I-STRATA Advisory
We help foreign investors navigate sector-specific regulations, connect with local partners, and access government incentives. Our team has direct relationships with NIPC and relevant ministry officials.

