Business
More than 100 foreign investors visited Nigeria in 7 months – NIPC
The Executive Director, Nigerian Investment Promotion Commission (NIPC), Mrs Uju Baba, on Saturday said that more than 100 foreign investors had visited the country between June and December.
Baba, who disclosed to reporters in Abuja, said Nigeria remained an investment destination in Africa.
She, however, said that the investment business was slow, adding, “because we are going through post election period, government activities have slowed down to certain extent and that affects the investment climate”.
“Many investors are coming on exploratory visit to find out what Nigeria can offer to them. So, from June to December 2015, we received more than 100 exploratory visits,’’ she stressed.
She said that since the appointment of ministers by President Muhammadu Buhari, the country had received different set of investors.
“They are no more on exploratory visit, they are coming to the commission to facilitate meetings with the various sectors and ministries,’’ Baba said.
He said the investors had confidence in the country’s investment climate despite the challenges they may encounter.
The director called on the investors to go through the commission for proper legal framework as the present administration was more concerned with rule of law and due process.
-
Features1 week agoHow ADC leadership crisis put Atiku’s 2027 ambition at risk
-
Energy1 week agoNNPC plans 5–10% stock market listing, targets 2027 for IPO preparations
-
Business5 days agoDisCos urge Minister to end blame game, apologise to Nigerians over blackouts
-
Latest1 week ago2027: No Court rulings can keep me off the ballot, Atiku insists
-
Health6 days agoStudy links Pfizer COVID-19 vaccine to higher death rates than Moderna shot
-
Latest1 week agoHow internal party disputes could shape the 2027 elections
-
Business7 days agoPower supply to improve in 72 hours as FG moves to restore generation – Tegbe
-
Business4 days agoFuel price: Our eyes on you, FCCPC tells oil marketers