Written by Godfrey AKON

NIPC profiles investment advantages of states

Nigerian Investment Promotion Commission, NIPC, says it will publish on its website, the "Book of States", which profiles the competitive advantages and key investment prospects of each State in Nigeria.

 

Executive Secretary of NIPC, Ms Yewande Sadiku, made this known during a virtual meeting on “Supporting Sub-National Investment Promotion,” which was organised exclusively for State Investment Promotion Agencies, IPAs.

Sadiku provided insights from NIPC’s recently updated digital database of state IPAs, encouraging them to leverage on commission’s resources including the One Stop Investment Centre, OSIC, the OSIC Lab and the Single Window Investors’ Portal, SWIP.

A statement by the commission said the OSIC Lab is an intervention mechanism for investors to resolve issues with government agencies either at the state or federal level; SWIP is a platform that would enable NIPC leverage information and communication technology to better manage relationships with investors and process applications.

According to Sadiku, state IPAs can also benefit from NIPC's work on the reform of Nigeria’s investment treaty regime and its expertise in the negotiation of investment agreements, she said.

NIPC continues to work closely with various government agencies to support the promotion of investment prospects in the states.

Also addressing participants at the Webinar, the Managing Director, Nigeria Export Processing Zones Authority, NEPZA, Prof. Adesoji Adesugba, emphasised the need to attract investments into special economic zones.

On his part, the Director General, Nigeria Governors’ Forum, NGF, Mr. Asishana Okauru commended the “Book of States” initiative and revealed NGF’s interest in working with NIPC to unlock the investment prospects of moribund State-owned companies.

The Webinar was attended by representatives of 30 state IPAs, who pledged to work with NIPC to promote the opportunities in their States.

They also sought greater collaboration for capacity development and promotion of increased domestic direct investments. 

 

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