May 9, 2021

It’s a good start for the Economy and Nigeria especially in the era of the pandemic where businesses have been affected and had harsh effect on economies of the world.In the first quarter (Q1) of Nigerian Investment Promotion Commission (NIPC) in the year 2021, revealed that Nigeria recorded a whooping $8.41 billion investment.

This was disclosed by the Executive Secretary of NIPC, Yewande Sadiku on Friday in Abuja Yewande said that there was a decline in the numbers recorded therefore, charged state governments to deepen collaboration with the Agency in providing the basic business-friendly environment to enable transmission of announcement into actual investment.

The E.S said a more proactive government approach to investors support across Federal government Agencies and the state governments is required to convert more announcements into actual investments.

Q1 (January-March) 2021 Reports includes;

1. Pioneer Status Incentive Report

2. List of companies registered under the NIPC Act

3. List of court cases that NIPC is involved in

4. Memorandum of Understanding (MoU) and Agreements signed by NIPC

5. Procurements Records

6. Nominal Roll & Nominal Roll summaries

7. Appropriation budget performance

8. Report of the One Stop Investment Centre (OSIC)

9. IGR Revenue and Expenditure Others

1. 2021 Appropriation Budget

2. 2021 Procurement Plan

The investment announcement aims to follow up on interest indicated by investors to see whether they could be turned into actual investments.

In the announcement portfolio, Ogun and Lagos States are among the top investment destinations.

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