The Nigerian Investment Promotion Commission (NIPC) announced over the weekend that its strategic initiatives have significantly boosted investment inflows into the country.
Addressing the media in Abuja, the Executive Secretary of the NIPC, Mrs. Aisha Rimi, said: “Our collective efforts have not only been fruitful but have also laid the foundation for promising new initiatives that will further boost our economy”.
“In today's presentation, I will highlight NIPC's strategic achievements and efforts to attract new investments and retain those already within our borders.
“I will also discuss the collaboration we have fostered with various stakeholders and outline our ambitious plans for the future,” he added.
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Ms. Rimi explained: “Over the past year, NIPC has made significant progress in improving the investment landscape in Nigeria.
We have implemented policy recommendations that create an enabling environment for both foreign and local investors, particularly in the areas of economic diversification and infrastructure development.
“These efforts underscore our commitment to facilitating economic growth through private sector engagement.”
He further noted: “Our engagement with potential investors has included organizing investment forums and participating in international trade exhibitions, where Nigeria was presented as a premier investment destination.
For example, at the World Economic Forum in Davos, I had the honor of representing Nigeria with a delegation led by Vice President Kashim Shettima.
“This forum provided a platform for discussions with CEOs from around the world, underlining Nigeria’s rich investment potential.”
Ms. Rimi also highlighted NIPC's strategic partnerships with leading international organizations such as JETRO, JICA, UNDP, GIZ and UNIDO.
“These collaborations have played a key role in providing technical support, financing and access to international markets. By partnering with these esteemed organizations, we can leverage their expertise, resources and global networks to enhance investment opportunities in Nigeria.”
Furthermore, he revealed that the NIPC has fostered productive engagements with the Norwegian government to explore ways to strengthen economic ties with the Nordic countries, particularly in sectors such as telecommunications, oil and gas, and manufacturing.
The Executive Secretary emphasized that NIPC has been actively advocating for policies that create a welcoming environment for investors.
“Through dialogues with MDA and relevant state governments, we have pushed to improve regulatory frameworks that support business operations, ensuring that investors can prosper in the Nigerian market.”