NIPC harmonises master plan on commodity value chain development

• Published date: 08 January 2023
• Publication title: Nigeria - The Nation

The Nigerian Investment Promotion Commission (NIPC) has unveiled the Nigeria Investment Promotion Masterplan (NIPM) to aid commodity value-chain development.

This, among other reasons, is why the Commission is engaging Ministries, Departments and Agencies (MDAs) to set a path of sustainable progression where investors can come and thrive.

The Executive Secretary, NIPC, Saratu Umar who gave this hint during a stakeholder engagement recently, said part of her mandate is to ensure synergy of cooperation with the MDAs.

The immediate focus of this stakeholder engagement, she stressed, is to provide information about the role of NIPC in investment promotion.

The commission, she noted, is providing a platform to strengthen existing synergies, establish new relationships and linkages that would facilitate this objective, seek areas of collaboration with this these agencies relevant to NIPC's mandate including attracting Investments into different sectors of the economy.

This, according to her, will facilitate import, substitution and foreign exchange generation amongst others. The partnership will improve investor services and maximise Nigeria's LDI and FDI potential, especially with the onset of the Nigeria's IPA is positioned to ensure that Nigeria gets a fair share of this global market. This is especially important with onset of the Africa Continental Free Trade Area (AfCFTA).

She pointed that with this in place, the commission will get feedback on areas of challenges on investors in the course of doing business in Nigeria, which will in turn move the commission to create a platform for an independent and objective assessment of the performance of NIPC in the delivery of its mandates.

Umar hinted on maximising Nigeria's domestic and foreign investment potential, especially with the onset of the AfCFTA, ultimately, the desired goal is galvanising a collective action that will firmly place the country, on the path of sustainable prosperity for current and future generations.

'By implementing our mandate, we will support government's various general and sectoral policies, and executive pronouncements.'

While speaking at a stakeholders meeting, the NIPC boss said Nigeria is a resource rich country with a potential that is...