Being desirous to attract private sector investment in the economy
of the state, the government is always ready to discuss and assist investors depending on their peculiar
needs. At a general level however, the following incentives are available to prospective investors in the state.
- All applications for registration of businesses and acquisition of land are processed expressly.
- Cost of land acquisition and support services are among the lowest in the federation.
- The state government grants tax exemption during the first five years of establishment of any industry.
- Government has already funded a number of feasibility studies and is willing to fund new ones.
- The state government is prepared to enter into joint partnership with willing investors. In this regard,
the preferred share holding of Government is limited to a maximum of 15%.
- Government has established an industrial layout in Makurdi and plans are being made to establish similar
layout in Gboko, Otukpo and other major towns in the state.
- For Agricultural production, Government has already cleared large parcels of land in different parts of the
state, which are suitable for large scale and mechanized farming.
- Besides the above incentives, the large population of state, its immense raw materials, the peaceful atmosphere
and hospitable nature of the people, the strategic location of the state between north and south, its
easy accessibility to other parts of Nigeria etc. give the state favourable investment climate.
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