The Nigerian Investment Promotion Commission (NIPC) held a parley with members of the press at her headquarters in Abuja yesterday, May 10, 2018. The event which was at the instance of NIPC had representatives of 32 media houses including television, radio and print and is amongst initiatives to strengthen partnership with them in a bid to foster familiarity with the Commission’s activities.
In her opening remarks, the Executive Secretary/CEO (ES/CEO) NIPC, Ms. Yewande Sadiku who was in company of her management team explained what NIPC’s mandate and functions are. NIPC which was established by an Act to encourage, promote and coordinate investments in Nigeria is a Federal investment promotion agency whose broad functions are amongst others to project a positive image of Nigeria as an attractive investment destination, to promote investment opportunities in Nigeria, facilitate investments in Nigeria by acting as a liaison between investors and government agencies and to engage in policy reforms initiatives aimed at simplifying doing business processes in Nigeria.
Continuing, she disclosed a number of initiatives NIPC is actively working on such as an upcoming Direct Investors` summit, 2018, a flagship event the NIPC will host in partnership with the Nigeria Bureau of Statistics. She further disclosed a domestic direct investors drive in collaboration with state governments and state investment promotion agencies, the development of databases to profile investment opportunities across Nigeria and an investor’s iguide (www.theiguides.org/nigeria) an online guide to doing business in Nigeria which will be launched next week. Furthermore, she stated that the NIPC in collaboration with the Federal Inland Revenue Service (FIRS) had published the Compendium of Investment Incentives in Nigeria a documents which explains general and sector specific incentives in Nigeria. Also, while describing the activities of NIPC’s One Stop Investment Centre (OSIC) she noted that it hosts 27 government agencies such as the Nigerian Immigration Service (NIS), Infrastructure Concession Regulatory Commission (ICRC), Nigeria Bureau of Statistics (NBS) amongst others facilitating business processes.
Following the ES/CEO’s remarks, the chairperson of the Commerce and Industry Correspondents Association of Nigeria, Abuja chapter commended NIPC’s activities while seeking for a stronger partnership with the Commission. Afterwards a number of questions that bordered on NIPC’s strategy in carrying out its mandate were posed by the media.
In response, the ES/CEO, NIPC provided details of NIPC’s strategies in tracking investment announcements and the amount of capital flows in Nigeria in the last two years. She further commented on NIPC’s work with state governments through the Nigerian Investment Certification Program for States (NICPS), the administrative processes involved in Pioneer Status Incentives (PSI) applications, the availability of NIPC’s reports and publications on the NIPC website: www.nipc.gov.ng including a number of other initiatives the Commission is actively engaged with and the upcoming Direct Investors’ summit.
The Direct Investors’ Summit, 2018 themed “Investment meets opportunities” will hold on the 21 – 23 May 2018 and will present investment opportunities across Nigeria to interested investors in one location. For more information on the summit, please visit www.disn.com.ng