Executive Secretary of the Nigeria Investment Promotion Commission, NIPC, Mrs Uju Aisha Hassan-Baba yesterday said no fewer than 40 new foreign investors had indicated interest to invest in Nigeria, noting that this was an indication that the country still remains the preferred investment destination in Africa.
Hassan-Baba, while speaking with newsmen after receiving an investment delegation from the Royal Republic of Thailand led by the Executive Director of Regional Investment and Economic Center 2, Office of the Board of Investment, Werapong Siriwon.
She said that the interest of the businessmen was stimulated by the success of the 2015 general election and the determination of President Muhammadu Buhari administration to provide conducive environment for investment to boost its efforts of diversifying the nation’s economy.
Hassan-Baba added that the rebasing of Nigeria’s economy showed its diversification and the relevance of the economic sectors, adding that the favourable investment policies of the federal government accounted for the positive result.
She said the number of investors trooping into the country for businesses is encouraging, noting that it was an indication of confidence that the international community has in Nigeria as the most preferred investment destination in Africa.
“I assumed office a month and two weeks ago, and I think the progress we have made is encouraging in the sense that the lull in the investors coming to the NIPC to inquire about government policy regarding investment has greatly increased and for me that is a positive indication that the international private players in the capital market are once again looking at Nigeria as top destination for investment and I think that’s a good indication”, she said.
The NIPC boss added that the commission would also intensify its efforts to encourage local direct investment, LDI for more businesses in Nigeria, “because if this is done, it would create additional industries, jobs and wealth in the country”.
Hassan-Baba disclosed that the commission had a roadmap aimed at helping the government in the diversification of the nation’s economy and assured that the LDI would not be left out of the plan to achieve maximum results.
On the challenges of power and security, she said the federal government had been addressing them to further create enabling business environment, maintaining that “nobody can say this administration is not doing anything on the issue of security; it is an international problem which must be solved by the international community”.
The executive secretary informed that NIPC would complement government’s efforts of creating enabling environment for investors in the country by working with all relevant ministries, departments and agencies, MDAs.
Earlier, the leader of Thailand investors said Nigeria had been providing business opportunity for investors in the country.
Siriwon disclosed that they were in Nigeria to collect information that would assist them to learn about investment and business opportunities in the country.
According to him, the Thai investors would be interested in agricultural business and machinery sector as well as help other nationals expand their businesses in Nigeria.
“We are coming for wholesale investment and we want to collaborate with the Nigerian government in other sectors like manufacturing, food processing, automotive and electronics”, he added.


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