UNIDO and NIPC to Partner on Transformative Investment Event in December

By August 24, 2023 September 5th, 2023 NIPC News

Amidst a dynamic global economic landscape, the United Nations Industrial Development Organization (UNIDO) and Nigerian Investment Promotion Commission (NIPC) are gearing up for a pivotal investment event set to take place in December. This joint effort reflects a shared commitment to harness Nigeria’s latent potential and showcase investment opportunities in the country to the forefront of the international stage.

During a meeting at the NIPC, a delegation from UNIDO led by Mr. Adekunle Olusile, National Advisor for Investments and Technology at UNIDO-ITPO Germany stated that the primary objective of the visit was to advance discussions on strategies and initiatives that will significantly contribute to the planning of the event and the overall economic development of Nigeria.

The visit provided the UNIDO delegation, which included Michael Schmidt, Deputy Head of UNIDO Investment and Technology Promotion Office Germany, and Robin Kuranel from UNIDO ITPO Germany, an opportunity to engage with the heads of state investment agencies present at the meeting.

Ibrahim Abdullahi, CEO of the Nasarawa State Investment and Development Agency (NASIDA), and Akpam Godwin, Head of Kogi Investment & Properties Limited, played pivotal roles in these discussions. Their involvement allowed the delegation to assess the potential of different sectors, emerging and existing opportunities, and discuss strategies for mutual growth in each of these states.heatherforsythe

Furthermore, key aspects highlighted during the discussions included the importance of local content in industrial development.The theme of the meeting as resonated in various statements emphasised the significance of leveraging indigenous capabilities for economic growth.

UNIDO, renowned for driving industrialization, technology transfer, and investment promotion, is utilising its global expertise through tools like the Investment and Technology Promotion Platform (ITTP), a global platform that connects businesses and financing partners globally.

Complementing UNIDO’s vision, NIPC serves as Nigeria’s premier agency dedicated to promoting and facilitating investments. At its core, NIPC strives to showcase Nigeria’s economic prospects and advocates for an enabling environment that encourages both local and foreign investments.

This forthcoming event and collaboration not only highlight NIPC’s dedication but also underscore the Commission’s determination to nurture cooperation in line with its coordinating role in promoting Nigeria’s investment prospects just as the 36 states and the Federal Capital are encouraged to leverage on the Commission’s experience and national strength to showcase their competitive and comparative advantages on a sector and industry basis.

Scheduled for December, the investment event will bring together stakeholders including investors, entrepreneurs, policymakers, and industry experts. The event promises strategic dialogues, networking sessions, and comprehensive presentations that illuminate Nigeria’s investment landscape on a State by State, regional, and sector basis.

For more information about the event, inquiries can be directed to NIPC and UNIDO.