By Favour Nnabugwu
Nigerian Investment Promotion Commission (NIPC) has said this is the time for investors to come and invest in Nigeria, saying the challenges facing the country at the moment is an ample opportunity for investors. The Executive Secretary of the Commission, Mrs. Uju Aisha Hassan-Baba who made the call in Abuja while receiving an Investment delegation from Chinese Africa Investment Limited in her office said, the Commission is ever ready to assist investors on the diversification policy of the Federal Government to promote the non-oil sectors of the economy.
She described the influx of foreign Investors into the country even in the first month of the year as a manifestation of the present administration of Present Muhammadu Buhari policy direction and good governance, stressing that “any of our present challenges is an opportunity to invest”. Hassan-Baba expressed the determination of the Commission to take Nigeria to a future beyond oil, hence it is vigorously promoting the non-oil sectors and ensuring that investors are given a hand-holding support and provided with all the services they require.
She commended them for having confidence in the country by investing their resources and promised to support them in order to expand their business so as to provide more jobs and create wealth for Nigerians. The NIPC boss maintained that the Commission is the only agency of government that is charged with the responsibility of promoting and attracting investment into the economy and also has the legal framework on all investment related matters, adding that the Commission will provide both potential and existing investors with all the necessary assistance and “After Care Services” including the required incentives for the realization of their investment in the country.
The Leader of the delegation who is also the Chairman of Chinese African Limited, Dr. Chukwu Tony Chime stated that “Nigeria economy will grow faster if an enabling environment is created by this administration to attract Foreign Direct Investment (FDI) into the economy”, adding, “most leading economies of the world developed their respective countries through the inflow of FDI”. Chime said his Group will partner with the Commission in order to attract more FDI into the economy, noting that “Chinese African Limited works closely with a Consortium of both Chinese Investors and Investors from United Arab Emirates (UAE) to make unflinching contributions towards Nigeria’s national development”.
In his comment, the Financial Adviser of the Group and former Deputy Governor of Central Bank of Nigeria (CBN), Dr. Obadiah Mailafia described the Nigeria investment climate as very conducive for investment to thrive, noting that the so-called insurgency in the North-East of the country has been decimated and cannot stand the inflow of investment.