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.
-
Crime5 days agoServing police officers arrested with firearms amid escalating Cross River communal crisis
-
Latest4 days agoHigh Court opens hearing on Goodluck Jonathan’s 2027 presidential eligibility
-
Latest3 days agoNigerian Senate reverses standing orders amendment over constitutional concerns
-
Latest13 hours agoWike loyalists dominate As APC clears 33 aspirants for Rivers Assembly primaries, 65 disqualified
-
News1 day agoLagos Assembly Firm Up Taxes, Tightens Noose On Illegal Levy Collection