Nigerian Investment Promotion Commission (NIPC) has secured an investment interest of over US$547 million from Kalpataru Power Transmissions Limited, India on two projects at the just concluded Invest-In-Nigeria UAE Roundtable which took place in Dubai, UAE.
The projects of interest are Public-Private Partnership (PPP) projects namely, the construction of a 132kv transmission line for US$47M in Borno, Northeastern Nigeria and a 88km road for US$500M in Ondo State, South-West Nigeria.
The Roundtable which was attended by about 30 C-Level UAE Investors, 6 State governments (represented by the CEOs of their Investment Promotion Agencies or Investment Companies) saw other interests in the agribusiness sector, particularly in product trading and agro-processing, which are expected to further translate into investment.
In his presentation, Acting Executive Secretary/CEO, NIPC, Mr Emeka Offor unveiled 19 agribusiness and infrastructure projects and took investors through Nigeria’s investment environment, stating that NIPC is on hand to assist investors to navigate any challenges that they might encounter while venturing into the country.
The Round table was organised by NIPC in partnership with Commodities Development Initiative (CDI), an investment facilitation service provider. Other NIPC partners at the event were Enyimba Economic City Development, Greenwich Merchant Bank and NEXIM Bank.