Nigerian Investment Promotion Commission, NIPC has restated its commitment to attract the much needed investment to the non-oil sector of Nigeria’s economy in line with the President Muhammadu Buhari administration’s decision to move the country forward beyond oil.
Executive Secretary of the commission, Mrs. Uju Aisha Hassan-Baba stated this when she met with the Argentine Ambassador to Nigeria Mr. Gustavo A. Dzugala and South African High Commissioner to Nigeria, Mr. Lulu Louis Mnguni at separate meetings yesterday in Abuja.
To achieve this, she said the commission would work in close collaboration with foreign embassies in the country to identify targeted investors to be attracted into the economy, especially in the non-oil sector.
According to her, “NIPC has put new strategic frame work in place to promote the abundance investment opportunities of the country, especially in the non-oil sector”.
She said the strategic framework known as “The NIPC Diamond Project – A future beyond Oil” has its components investment climate; financial value chain, sector and geographic prioritization, regulatory support and investor aftercare, market intelligence, mega projects and investors (game changers), national branding and image and investor engagement platform.
Hassan-Baba, while meeting with the Argentine Ambassador, noted that Argentina has critical role to play in Nigeria’s present drive to attract investment into the country’s economy as they are much known for agricultural development, stressing that “we have identified Argentina as the country to partner with to attract more investments”.
“We shall work with the Argentine Embassy and other foreign embassies in the country as the focal point of investment promotion and facilitation to attract more foreign direct investment, FDI into the country”, she said.
Earlier, Dzugala promised of his embassies readiness to work with the commission to bring more investments into the country from South American countries.
He noted that the return on investment in Nigeria is very high, as such the Argentine investors are well prepared to invest in the country, pointing out that “we are very good in Agriculture, Pharmaceuticals and transfer of technology.
The envoy stated that they have been discussing with the federal government on how to promote women in Agriculture in Nigeria as they have been doing in other countries of the world.
“Nigeria has a very fertile land for the promotion of agriculture and our investors will explore this area”, he added.
At the High Commission of South Africa, the executive secretary solicited the support and cooperation of South Africa in the advancement of Nigeria’s economy, pointing out that the federal government has prioritized the non-oil sectors for the attraction of massive investments.
While calling for the closer working relationship between the Commission and the embassy, she announced that the “NIPC is well repositioned and refocused to delivered on its mandate”, stressing that “our new framework and strategy is poised to take Nigeria to a greater future beyond oil”.
In his response, Mnguni advocated the strengthening of the economic ties of both countries, stressing that “after the successful elections, it is now time to focus on the economy advancement of the country”.
The ambassador said the growth of the two countries will rub positively on the continent and promised of his embassies readiness to work in close collaboration with the Commission to attract more investment from his country to Nigeria.
“We are encouraging a lot of businessmen to invest in Nigeria as about 26 Companies will be coming to Nigeria in August 2015 to discuss ways of setting up their firms”, he said.

READ ALSO  Fourth “Best Sub-Custodian” award cements Stanbic IBTC sector leadership