Commission Develops National Investment Promotion Master Plan

By Jennifer Inah, Abuja

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The Nigeria Investment Promotion Commission, NIPC, has called on stakeholders in the Investment Promotion ecosystem to work with the council to facilitate a National Investment Promotion Campaign, under the National Investment Promotion Master Plan.

The Executive Secretary of NIPC, Saratu Umar said this during a stakeholder meeting with Directors of Investment Promotion Agencies of various states in Nigeria.

She explained that the master plan which was currently being put together by the NIPC would accommodate investment opportunities at district levels

According to her “looking at the entirety of the mandate of NIPC was what made us think of this master plan that brings everything on board, we looked at the different or policies, identify the various investment requirements that exists therein and then we channel our strategy of institution along all of that.

“Apart from the concrete specific drive, we also have investor specific, we will know what investors want to invest in Nigeria, what sectors are they interested in? What kind of industry? Is it within the sector? Regional specific and what kind of investment should we drive?”

The NIPC boss explained that all regions have their specific requirements stating that this would charge investment promotion drive of the country along certain regions, in order to attract labour intensive investments to create jobs.

Umar said part of the initiatives the council seeks to put in place is the National Council for Investment Promotion Agencies which seeks to encourage peer review, information sharing investment planning reforms, better promotion, and facilitation.

“We need to also get from the state so that we can work together in synergy and then promote whatever opportunities are there together, ofcourse, we will support capacity at the national levels,” she stated.

Umar also said under the national investment coordination framework, the NIPC provided a clear strategy for seamless collaboration and coordination of investment ecosystem that would usher in a robust and effective stakeholder communication and engagement.

“This will result in effective partnership with all concrete stakeholders sorry critical stakeholders including some national investment players and National Council of investment promotion will also be put in place by the NIPC under its chairmanship to facilitate seamless coordination of activities of national and state Investment Promotion Agencies for holistic growth and development of the Nigerian economy.” she added.

 

 

 

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