Economy

Investment commission pledges FDI support to improve Nigeria’s economy

The Nigerian Investment Promotion Commission said it would support Foreign Direct Investment as part of efforts to improve the country’s economy.

Acting Executive Secretary of NIPC, Emeka Offor, said this at a meeting between the commission and the World International Economic Group in Abuja.

This is contained in a statement signed by WIEG President Nigeria, Chris Nwanne, and made available to newsmen in Abuja on Friday.

Offor was represented by Director, NIPC’s Investment Relations, Gana Wakil.

“As you know population here is the market for investment while we are here projecting the market for the future, coming to NIPC is the right direction.

“If all your projections are accomplished, we are due on our target for the year, we will work with you,” he said.

According to Offor, the commission will set up a committee that will interface with WIEG team to actualise its drive.

He assured of the commission’s determination to partner with the investors to achieve their desired development in

Nwanne said that Nigeria had captured the group’s attention, adding that WIEG would be in the country by June.

“We have created confidence in WIEG global leadership that has stimulated the group’s headquarters and the world council’s decision to come to Nigeria

“The group is much ready for the investment to take off as well as urge the commission to fast track the process and all activities.

“WIEG Nigeria will enable Nigeria to be part of this window of opportunity to control market failures and improve its business environment for businessmen and entrepreneurs,” he said.

Amb. Chuks Alozie, Country Director Inter-Governmental Affairs, said the main objective of the meeting was in continuation of the group’s contact with the commission, ministries and other agencies.

“We consider this meeting extremely strategic as it will be helpful in moderating all the procedures of the Investors’ visit,” he said.

According to Alozie, the organisation has had a series of interactions with NIPC on how best to collaborate with it in fulfilment of its mandate of wooing investors.

(NAN)

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