The Nigerian Investment Promotion Commission (NIPC) has said that a comprehensive sector-specific document is being compiled for publication, to enable investors know sectors to invest in.

The Executive Secretary of the NIPC, Alhaji Mustafa Bello, said in Abuja that the document would cover different sectors, including oil and gas, mining, manufacturing, construction and agriculture among others.

Bello said such a document would enhance Nigeria’s competitiveness and sell the country to the outside world.

“No such document exists and we want to generate one and we intend working with the National Assembly to create a clause that the document will not be changed for the sake of continuity after this administration,’’he said. He said that investors were looking for comprehensive information about the sectors they were interested in but that it was always difficult to obtain the information and data.

He said the compilation, which started in 2009 would be formally launched between March and April, adding: “we want to see how quickly we get the document out with the government’’.

Bello said that the commission had copied the model documents of other countries and customised it to suit Nigeria’s peculiarities. He said this would ensure that Nigeria continued be in touch with countries that had sustained investment with Nigeria in recent years.

“They include China, India, Pakistan with a lot of resources, Brazil has shown a lot of interests in the country and South Africa. With countries such as Zimbabwe, Niger and Sudan, we want to take Nigerians there to invest in their economies,’’ he said. He said the document would also ensure that new opportunities were created in Middle East countries such as the United Arab Emirate (UAE) and Saudi Arabia.

Bello decried the low Foreign Direct Investment (FDI) figure of six billion dollars recorded last year, which he said, had dropped from the 12 billion dollars recorded the previous year. He attributed this development to the global economic crises and expressed hope that the FDI figure would improve in 2011.