Business Briefs
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NIGERIAN Investment Promotion Commission, NIPC, is determined to attract more investment into the non-oil sectors of the economy. The commission is collaborating with the National Sugar Development Council, NSDC, to promote its activities. This is in realisation of the federal government’s policy of diversification of the economy, which it said is being pursued with vigour.
Ladi Katagum, acting executive secretary of the commission, made the commitment when she led the commission’s management team on a visit to the NSDC. She stated that the commission was forming synergy with relevant government agencies on investment related matters to collate information on their activities and possible project feasibilities/profiles in order to market them to the international business communities and attract beneficial investment.
She informed her host that the commission is the agency of government charged with the responsibility of promoting and attracting investment into the economy and also the legal framework on all investment related matters. And in line with the federal government policy thrust on diversification, the commission is driving the policy to ensure that the non-oil sectors are given global prominence through massive foreign and local direct investment.
Katagum, therefore, called on the NSDC to provide the commission with adequate information on the sugar sector and possible projects to attract investment into them, so as to create employment for the youths and ensure the growth of the economy.
In his response, Samuel Kwambe, acting executive secretary, NSDC, commended the commission for the initiative to partner and collaborate with relevant agencies on investment related matters, stressing that “this is a welcome development and the council is happy about it.”
— Jul 18, 2016 @ 01:00 GMT
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