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The new government focus on the spread of dams for effective coverage means that smaller, possibly mobile water treatment plants would be required by the states and local government areas whose responsibility is the task of providing residents with treated water. Any firm that sets up a factory for the manufacture or assembly of this innovative, low-cost technology, especially in any of Nigeria’s duty free export processing zones will have a huge market not just in Nigeria but the whole of Africa.
In the same manner, tremendous opportunities exist for the manufacture of water treatment plants, most of which has to be imported at huge cost. Nigeria has huge deposits of kaolin, which can be easily extracted and processed for water treatment. As emphasis on boreholes reduces, focus will shift to the harnessing of renewable surface water supplies, which have to be treated before reticulation. Here too, investment opportunities abound.
Nigeria has some of the most spectacular and beautiful dams in the world. Of the over 200 that currently exist in the country, a third are not in direct use and therefore lend themselves to use for tourism and recreational activities such as yachting, fishing and other water games. With a fine, warm temperature all year round, the potential to attract tourists from all over the world strongly invites.
For a country that no longer depends on the vagaries of weather for agricultural development, the country’s many dams also represent important investment opportunities in the area of irrigated agriculture. The Nigerian government has indicated its readiness to lease out these dams to interested parties on short or long term basis for use in food production.
A huge local market exists for food and agro-allied products and even for export. A sure bet in this area is the cultivation of cassava which has proved to be a viable alternative for use as animal feed, due mainly to Europe’s experience with the mad cow disease, BSE.
Conclusively, these are just some of the many opportunities begging for interested investors in the water resources sector of Nigeria. The Federal Ministry of Water Resources is keen to engage prospective investors and provide them will all information and guidance required to ensure fruitful working relationships. The climate for investment has never been better and returns on investment higher. The county has the required manpower to partner and participate in any investment activity to ensure returns because investing in Nigeria today will provide a foot hold in Africa, which for all intents and purposes is the last best frontier for global investment.
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Salisu
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