Nigeria Investment Promotion Commission, NIPC, has positioned the Port Harcourt Chamber of Commerce, Mines and Agriculture, PHCCIMA, for valuable collaboration, expressing confidence that this will facilitate the submission of viable and bankable project profiles of PHCCIMA members for matchmaking with foreign investors.
Similarly, the chamber has requested for a database of credible and serious businesses in Rivers State to ensure that they benefit from the support and incentives of the investment commission.
This was made known when the President of PHCCIMA, Dr. Emi Membere-Otaji, led a business delegation to the NIPC headquarters in Abuja, as part of his administration’s continued efforts to open new vistas that will help realise set objectives and meet their needs and aspirations.
Speaking during the visit, Membere-Otaji congratulated the acting Executive Secretary of the commission, Ms. Ladi Katagum, on her appointment, stating that the visit to NIPC by the business delegation was in response to the call for diversification of the economy occasioned by the current economic depression brought about by the sudden collapse of oil revenue affecting not just PHCCIMA members, but those doing business in the oil and gas sector.
According to him, “PHCCIMA has come to identify with the clarion call for diversification, hence we are seeking collaboration with NIPC on how to harness opportunities to diversify members businesses and uplift them to the next level.”
He disclosed that Port Harcourt was created over 100 years ago as a shipping hub for easy exportation of goods such as coal, agricultural produce and others, but regretted the abandonment of this statute since the emergence of oil and gas.
Other members of the delegation commended the One Stop Investment Centre of the NIPC, calling for investment on intellectual property, an enabling environment for businesses to thrive and relaxing stringent policies that inhibit outflow of funds including the removal of impediments to exports like high tariffs at ports.
Responding, Katagum stated that the visit was long overdue because chambers of commerce as the mouthpiece of the organised private sector are reliable partners of the NIPC. She introduced NIPC as a federal government agency established to encourage, promote and coordinate investments in the economy, noting that its mission statement is anchored on ‘taking Nigeria beyond oil’.
The NIPC boss said, “the agency is open to collaboration with PHCCIMA, especially in its statutory objective of; effectively promoting Nigeria’s investment potentials, efficient facilitation of investments to fast-track entry processes, advocacy for favourable and stable investment environment, provision of technical advice on linkages, joint venture partnerships, provision of information on investment incentives and coordination of the One Stop Investment Centre, OSIC.”
She stated that NIPC will collaborate with PHCCIMA in promoting investment in the country, especially in areas of national comparative advantage and sectoral focus like agriculture, agribusiness, solid minerals, tourism, power, renewable energy-solar, wind, biomass, and the automotive industry.
Also, she said NIPC will continue to develop other sectors, encourage ‘Nigerianisation’ of businesses to ensure that products have some degree of local content, woo local and foreign investors, help businesses to diversify into other sectors and provide guide for business relocation.


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