The Nigerian Investment Promotion Commission (NIPC) says it is ready to implement interventions programs designed to promote investment in critical sectors of the economy such as education, health, transportation.
This was inspired by the recent enunciation and launch of the Education For Change Ministerial Action Plan by the Ministry of Education, which reveals significant financing needs of the sector and the corresponding imperative of opening up the sector for domestic and Foreign Direct Investments (FDI) while deepening the Nigerian Education Market.
For this purpose, the NIPC is already concluding arrangements in facilitating the convergence of Financial and Education Sector Stakeholders for EDU-INVEST NIGERIA 2016-the Nigerian Education Investment and Finance Forum.
According to the commission, “The NIPC’s Education Sector Investment Promotion Initiatives is designed to address the core challenges and the Framework being created to accelerate reforms by enabling a convergence of Education Sector Stakeholders as well as the Financial Services System; Development Cooperation Agencies; Bilateral and multilateral agencies, private donors as well as the Organised Private Sector.”
A statement from the commission signed by the Head, Media & Protocol, Mr. Joel Attah said the overall objective is to enable Government provide increased access to affordable and qualitative education through investments and innovative financing mechanisms while enhancing Nigeria’s competitiveness in the global economy.
“The Nigerian Education Investment and Finance Forum-EDU-INVEST NIGERIA 2016 is a platform to evolve and launch new approaches; it enables thought leadership on innovative, inclusive and integrated mechanisms for funding educational services delivery to enhance quality and competitiveness while enabling the emergence of a knowledge and innovation driven economy.
‘‘To ensure Nigeria’s competitiveness in the global economy and alignment with global conventions such as the Sustainable Development Goals, it is imperative that a grand coalition of stakeholders made up of the organized private sector; related ministries, departments and agencies at the Federal and State Levels; national and state legislative committees on education, strategic investors, development cooperation partners, civil society organizations are energized to respond to the glaring gaps in educational services delivery,’’ the statement revealed.
The Forum will feature the Launch of Strategic Partnerships and Investments in Nigerian Education- a compendium and portal with the grid of Opportunities and Incentives for Partnerships and Investments in Education, Guidelines for Engagement; Profiles of key departments and Agencies as well as related Government Ministries, Departments and Agencies.
EDU-INVEST NIGERIA will be the platform for the activation of the Nigerian Education Exchange, an integrated platform for the profiling of viable, bankable education sector projects and matching of interested investors and partners.
The Forum will also witness the unveiling of EDUPOLIS, Nigeria’s premier free zone and Business Park for education and knowledge industry enterprises.
The Forum is expected to hold on November 1st to 3rd 2016 at the Calabar International Convention Centre.