By Chibuzor Emejor – Abuja
The newly appointed Executive Secretary/Chief Executive Officer of Nigerian Investment Promotion Commission (NIPC), Uju Hassan Baba, said she had commenced a transformation process to turn the Commission into delivering effective and efficient services in the way and manner that will meet the expectation of all stakeholders and boost investors’ confidence in Nigeria.
Baba stated this at a meeting she held with a team from GEMS3 at the NIPC Headquarters in Abuja on Tuesday.
She explained that various strategies have been put in place with the stakeholders to reposition the Commission.
She added that a collaborative relationship with some international organizations has begun, particularly with GEMS3, a DFID sponsored programme in Nigeria on ways to streamline advocacy for the improvement of the investment climate, investment promotion drive through country specific strategies, investor targeting, investment-type, industry specific, that will fit into the nation’s investment priorities.
The Executive Secretary pledged to support the development of a National Foreign Direct Investment (FDI) Strategy that will focus on six key sectors of the economy; support in reviewing and developing an effective framework of Investment Protection and Promotion Agreements (IPPAs) with other countries, as a key tool for promoting investment into the economy.
As part of measures to reinvigorate NIPC, she assured that the Commission’s Act would be reviewed to facilitate entrance of new investments and expansion of existing ones in varied sectors of the economy which would be in tandem with the international best practices in investment promotion.
Also, at the meeting, NIPC and GEMS 3, further resolved to support in the organization of road shows for the President to meet one-on-one with top global businesses in order to assure them of Nigeria’s readiness to support investments and work with the Commission to develop a strategy for delivering a sub 80 (or top 5 in Sub-Saharan African (SSA) Doing Business Score for Nigeria by 2019 in order to demonstrate the new administration’s focus on improving the business environment.
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