Connect with us


NIPC restates commitment to promoting Nigeria’s investment opportunities — Official



NIPC restates commitment to promoting Nigeria’s investment opportunities — Official

The Nigeria Investment Promotion Commission (NIPC) has restated its commitment toward promoting Nigeria’s investment opportunities.

NIPC Director of Strategic Communication, Mr Emeka Offor said this in an interview with the News Agency of Nigeria in Abuja.

Offor was reacting to allegations of mismanagement, poor working conditions, and welfare as well as deviation from NIPC core investment promotion mandates by its management by the Association of Senior Civil Servants of Nigeria (ASCSN), NIPC chapter.

The union had embarked on a peaceful protest on Thursday calling for the removal of the Executive Secretary, Yewande Sadiku.

Offor, while listing some recent achievements of NIPC in line with its mandate, said it had been meeting its mandate which centred on encouraging, promoting and coordinating investment in Nigeria.

“The principal functions are: to project attractive investment image, investment promotion, investment facilitation and policy advocacy.

“NIPC has been focused on meeting its mandate,” the director said.

Offor also mentioned some of its recent achievements as moving NIPC from reactive to proactive mandate delivery and publishing of NIPC Intelligence newsletter daily since 2017, as well as promote Nigeria’s investment opportunities.

He said the Commission published a compendium of investment incentives for the first time in 2017 for prospective investors to appreciate fiscal incentives in Nigeria’s tax laws.

According to him, the Committee has revised process for pioneer status incentives, thereby, making it less cumbersome and transparent to investors.

He said it also inaugurated an online investment guide (iGuide Nigeria) which provides up-to-date information on doing business in Nigeria.

Offor added that the commission initiated the reform of Nigeria’s Bilateral Investment Treaties (BITs) to attract ‘RIBS’ investment including validated assessment of Nigeria’s BIT.

According to him, its new model BIT has been validated by United Nations Conference on Trade and Development (UNCTAD), a UN body.

He said the commission hosted Direct Investment Summit Nigeria 2018 to match investment with opportunities and encourage Nigerians to invest in their own country.

Offor said the Commission was striving to certify and prepare states to receive investors as part of its coordination function.

“Others include investment opportunity profiling to improve the visibility of investable opportunities in Nigeria and match-make investors and One-Stop Investment Centre (OSIC) Lab for speedy and transparent resolution of investors complaints,” he added.

Offor further said that it had also revamped its website for investment tracking, adding that NIPC started tracking investment in 2017.

On staff welfare, he said the evidence of management’s commitment was an increase in the expenditure on staff welfare from 5.91 per cent in 2016 to 45.45 per cent of the Internally Generated Revenue (IGR) in 2020.

Edited By: Abiemwense Moru/Ese E. Ekama (NAN)


Ella Anokam: is a graduate and a professionally trained journalist, with experience in national news reporting/editing and verification at the News Agency of Nigeria. NNN is a Nigerian online news portal that publishes breaking news in Nigeria, and across the world. Our journalists are honest, fair, accurate, thorough and courageous in gathering, reporting and interpreting news in the best interest of the public, because truth is the cornerstone of journalism and they strive diligently to ascertain the truth in every news report. Contact: editor[at]

Lawmaker commends Buhari, Diri over Oloibiri Museum, appeals for befitting access road Pay 4 years pension arrears, gratuities, pensioners beg Wike Police arrest 27 armed robbery, Kidnapping suspects in Nasarawa Wike seeks Assembly’s approval for N18bn loan COVID-19: FG directs civil servants on levels 12, 13 to resume work Obaseki seeks traditional ruler’s blessing ahead of Sept. 19 election Kano Govt establishes 3 more schools for Almajiri children United States decries Russia’s decree targeting VOA, others COVID-19: FG warns as recorded deaths approach 1,000 Minister task agencies on research patents Police vows to bring killers of Gov. Obiano’s aide to book Gov. Sule urges Nasarawa Central lawmaker-elect to be magnanimous in victory Old girls’ association renovates staff room for Enugu school Quarantine service, Cowpea association collaborate to address weak link in beans value chain 774,000 FG/NDE Jobs are only for unskilled, semi-skilled youths – Committee Chairman FG restates support for ECOWAS states on biodiversity action plans 2 killed as Ekiti monarch moves to enforce ban on festival Appeal Court reverses INEC’s deregistration of 22 parties COVID-19 palliatives: We’ve touched over 200,000 households — Akeredolu Lagos Institute calls for synergy among law enforcement officers Kebbi govt. will treat, rehabilitate  boy chained by father, foster mothers for 2 years –  SA PDP lifts suspension on Sen. Hunkuyi, 6 others SIFAX group honours 46 at Long Service Award Makinde sacks works commissioner Yobe to implement regulation on marketing of breast- milk substitutes Nigeria stock market opens week with N8bn loss APC please with Obiano to reinstate suspended monarch I will continue to ensure peace in Edo, Gov. Obaseki assures traditional ruler  COVID-19 positive cases gradually coming down – PTF Coordinator Ex-Federal lawmaker constructs blocks of classrooms for 2 schools in Lagos Edo 2020: Ize-Iyamu promises community development Edo election: APC ward chairman dumps party for PDP COVID-19: Five states account for 60% of cases – PTF FG inaugurates Gas Network Code to deepen gas market Police nab fake soldier in Delta Gunmen kills 13 villagers in Benue – Police Civil servants docked over alleged cybercrime, get N10m bail How 16 people perish on Badagry waterways — Survivor Gov. Masari bans NGOs from IDPs camps My mission is to ensure businesses thrive in Eastern Ports – CP Akintola family appreciates Buhari for naming Railway Station after their patriarch COVID-19: Aviation stakeholders want ground handling coys to consider price adjustments Buhari vows to restore peace in North-East, others Gov. Matawalle swears in 15 new Special Advisers  Resumption: Kogi Govt. satisfied with schools’ compliance with COVID-19 protocols Salaries: NLC issues one week ultimatum to Bauchi State Government Sanwo-Olu congratulates Sen. Adeola at 51 Okowa charges new advisers to justify appointments COVID-19: IOM, ICC publish guidelines for protection of migrant workers Rep Hunpe says Lagos-Badagry Expressway, not abandoned project