Nigeria Investment Promotion Commission, NIPC said it has entered into collaboration with the Standards Organisation of Nigeria, SON as part of efforts to improve standards and quality of products for both local consumption and for exports.
Executive Secretary/Chief Executive of NIPC, Mrs. Uju Aisha Hassan-Baba, who dropped the hint in her presentation at the ongoing African Organisation for Standardisation, ARSO President’s Forum in Abuja, yesterday.
She said the partnership between the two federal government agencies has become necessary, to create good industrial standard that are beneficial to companies and the nation’s economy.
Hassan-Baba assured that in its determination to advance the nation’s economy, create wealth and generate employment, the NIPC would continue to advice and advocate for policy change that will favourably affect and support investments in all the sectors.
The executive secretary pointed out that the commission maintains strategic roles with investors through the provision of aftercare services and adequate information to guide them in taking decisions.
She noted that Nigeria as the preferred investment destination in Africa has much potentials that are yet to be harnessed and therefore called on investors to consider investing in Africa’s most populous nation, adding that NIPC is very prepared all the time to meet investor’s demand.
Hassan-Baba explained that “as the government’s investment promotion agency, the Commission collaborates with SON to ensure that genuine investors and investments ready to conform to the set standard are attracted to the country”.
She further stated that the NIPC has included in its National Investment Promotion Strategy, novelty that will build on the national quality infrastructure and assist Nigeria’s enterprises in becoming global competitive.
The executive secretary disclosed that the commission is putting many other strategies in place to attract more investment into the economy and encourage foreign direct investments, FDIs.
“SON is one of the government agencies located in the One-Stop-Investment Centre, OSIC at the NIPC headquarters, and NIPC coordinates the operations of the centre (OSIC) which essentially provides pre-investment services.
“OSIC (is) an investment facilitation strategy where relevant government agencies are brought tone location coordinated and streamlines to provide prompt, efficient and transparent services to investors”, she stressed.
Hassan-Baba further explained that under the framework for doing business in Nigeria, NIPC ensures that companies with foreign equity, in manufacturing activities must obtain Mandatory Conformity Assessment Programme, MANCAP certification for its products from SON.
On other NIPC’s strategic role to investors, she said the establishment of zonal offices to promote domestic investment and provide aftercare services, had been effective remedies.
She pointed out that the commission also provide solutions to investors’ concerns like the development of the sector specific investment incentive policy aimed at eliminating as much as possible the need for special privileges and concessions, unless where it becomes extremely necessary.

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