The Nigerian Investment Promotion Commission (NIPC) has launched the Nigerian Investment Certification Program for States, designed to foster an investor-friendly environment and enhance the country’s appeal to potential investors.
The Executive Secretary of the Commission, Aisha Rimi, disclosed this during a media parley with the Commerce and Industry Correspondents Association of Nigeria in Abuja, Nigeria’s capital.
She said the program, which is one of the commission’s achievements in the past year, allows for collaboration between the commission and state governments to attract foreign direct investment, which will contribute to economic growth at all levels.
According to her, “This strategy ensures that investments are spread equitably across the country, taking into cognisance each state’s unique competitive advantage.”
Still speaking on the Commission’s achievements, Rimi said, “We have launched numerous capacity-building programs in collaboration with international donor agencies, and these agencies have helped us design programs to enhance the skills of local entrepreneurs and to also equip them with necessary tools to compete on both the national and global stages.“
The executive secretary also noted that NIPC developed partnerships with leading international organisations such as JETRO, JICA, UNDP, GIZ, and many others, stating that the collaborations have played key roles in providing technical support, funding, and access to international markets.
During his presentations, the Deputy Director/Head of the Investment Promotion Department, Mr Shettim Barma, revealed as part of the Commission’s achievements the establishment of a one-stop investment platform for renewable energy, core funded by the EU and GIZ, in partnership with the Ministry of Power and Energy.
“About 15 sectors or industries have been profiled in a factsheet in agriculture, manufacturing, power, energy, transport, oil and gas, health, and ICT. These are continually updated.”
Mr Barma also revealed that part of the commission’s key performance indicators was to task itself to promote at least five projects per year with a value between five to 10 billion naira through direct targeted investment.
He added that when this is achieved, there would be increased job opportunities and increased Gross Domestic Product (GDP).
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