‘We’re selling investment opportunities to foreign, domestic investors’

The Nigeria Investment Promotion Commission (NIPC) has said it has profiled investment opportunities across the country and is selling the information to investors across the world.

While addressing journalists in Abuja yesterday, the Director, Investment Promotion of NIPC, Adeshina Emmanuel, said the innovation was a deviation from the practice of the past when NIPC had investment fora across the world without profiles of investment opportunities in Nigeria to sell to prospective investors.

Emmanuel said the investment profiling was ongoing across the country in order to have a comprehensive data base of investment goldmine in the country.

He said the investments being marketed to the world were in line with the Federal Government’s Economic Recovery and Growth Plan (ERGP), and that the emphasis had been on proactive and targeted investments to drive the investments in the needed direction.

He added that NIPC had been intensifying effort to attract both domestic direct investment and Foreign Direct Investment (FDI).

Earlier, the Executive Secretary of NIPC, Ms. Yewande Sadiku, said NIPC was building a strong investment promotion institution in Nigeria.

Ms. Sadiku said NIPC was promoting investment opportunities both within and outside Nigeria to attract investment.

“I believe in institution building. We’re not where we need to be, and we are conscious of the fact that we are not where we need to be,” she said.

The Director, Strategic Communication of NIPC, Emeka Offor, said the commission had made a number of innovations to promote investment across the country.

Offor said the commission published an online investment guide tagged: “iGuide”, which served as a virtual compendium of investment opportunities in the country.

In addition to iGuide, he said the commission also published a compendium of investment incentives which documented incentives available for investors in the country.

He also said the commission periodically published “Intelligence News Letter” projecting investment opportunities in the country, and that it had proven a useful resource in keeping investors updated on new development in the country’s investment landscape.