Sunday, May 22, 2022
  • HOME
  • CONSUMER PERSPECTIVE
  • PERSONAL FINANCE
  • MARKETS & COMPANIES
    • APPOINTMENTS
    • COMMODITIES
    • COMPANIES
  • BUSINESS & ECONOMY
    • AGRICULTURAL ECONOMY
    • AGRO-ECONOMY
    • AVIATION
    • BRANDS
    • CONSUMER GOODS
    • ECONOMY
    • ENERGY
    • ENVIRONMENT
    • FINANCIAL INCLUSION
    • INSURANCE & PENSIONS
    • INVESTMENT
    • MANUFACTURING
    • MARITIME
    • MONEY
    • MSMEs
    • PRODUCT REVIEW
    • STARTUPS
  • CULTURAL CURRENTS
  • EMPIRE
  • CORPORATE RENDEZVOUS
Financial Street
No Result
View All Result
  • HOME
  • CONSUMER PERSPECTIVE
  • PERSONAL FINANCE
  • MARKETS & COMPANIES
    • APPOINTMENTS
    • COMMODITIES
    • COMPANIES
  • BUSINESS & ECONOMY
    • AGRICULTURAL ECONOMY
    • AGRO-ECONOMY
    • AVIATION
    • BRANDS
    • CONSUMER GOODS
    • ECONOMY
    • ENERGY
    • ENVIRONMENT
    • FINANCIAL INCLUSION
    • INSURANCE & PENSIONS
    • INVESTMENT
    • MANUFACTURING
    • MARITIME
    • MONEY
    • MSMEs
    • PRODUCT REVIEW
    • STARTUPS
  • CULTURAL CURRENTS
  • EMPIRE
  • CORPORATE RENDEZVOUS
Financial Street
No Result
View All Result

NIPC urges Nigerian states to attract investors

Pelumi Bolawa by Pelumi Bolawa
April 30, 2021
in Front Page, Investment
0
'Without fiscal reforms Africa to lose in energy investment'
0
SHARES
12
VIEWS
Share on FacebookShare on TwitterShare on LinkedInShare on WhatsApp

Nigerian Investment Promotion Council has called on states of the federation to take every possible step to attract investment into the country.

At the ‘NIPC First Quarter Media Parley’ on Friday, the council noted the difference between investment announcement and actual investment.

READ ALSO

Now that land borders are open…

Grant, loan and bootstrapping for SMEs

The Director, Department of Strategic Communications, Emeka Offor, described investment announcement as a statistical tool that could be actualised if stakeholders work together.

Read Also:

  • Now that land borders are open…
    Now that land borders are open…
  • AI, tech and accounting profession
    AI, tech and accounting profession
  • Grant, loan and bootstrapping for SMEs
    Grant, loan and bootstrapping for SMEs

“Investment announcement is not a political tool, but a statistical tool. There is no state in Nigeria that does not have competitive advantage over others,” said the director.

According to Offor, many entrepreneurs want to invest in Nigeria but are not getting enough announcements needed to do so.

Data released between 2017 and 2021, revealed the wide gap between announcement and actual investment. In 2017, where there was 66.35 per cent announcement, only 3.5 per cent of actual investment took place. In 2018, 90.89 per cent announcement was followed by 6.4 per cent actual investment. In 2019, 29.91 per cent announcement met 3.3 per cent actual investment. In 2020, it was 16.74 per cent announcement and 2.6 per cent actual investment, while 2021 has 8.41 per cent announcement and no actual investment yet.

Other data show the Foreign Direct Investment flows in Nigeria in the last 20 years.

When asked about the current security challenge in Nigeria, Offor said, “Every country has its security challenge. Promote Nigeria such that investors will come despite the challenges.

“The way we rate our country is the way it is seen. We want every state to plead with investors to invest in Nigeria. The more the states promote themselves the better it is for the state and country at large.

“A more proactive all-of-government approach to investor support, across federal and state governments, is required to convert more announcements to actual investments.”

  • Facebook
  • Twitter
  • Pinterest
  • LinkedIn

Tags: InvestorsNigerian StatesNIPC

Get real time update about this post categories directly on your device, subscribe now.

Unsubscribe
Pelumi Bolawa

Pelumi Bolawa

Pelumi Bolawa is a content developer, writer, researcher and photographer. An intern at Financial Street, Pelumi is also a development administrator.

Related Posts

Now that land borders are open…
CONSUMER PERSPECTIVE

Now that land borders are open…

May 20, 2022
Grant, loan and bootstrapping for SMEs
Front Page

Grant, loan and bootstrapping for SMEs

May 18, 2022
Collaboration in economic space
Front Page

Collaboration in economic space

May 17, 2022
Nigerian bank partners Aussie hub to fund education loan
Front Page

Nigerian bank partners Aussie hub to fund education loan

May 16, 2022
Investors gain N109.2bn as Nigerian stock market rebounds
Front Page

NGX returns N1.17tn gain, inches up further

May 16, 2022
Chronicling Obiano’s achievements in Akpokuedike
CULTURAL CURRENTS

Chronicling Obiano’s achievements in Akpokuedike 

May 12, 2022
Next Post
SouthBridge announces major transactions in Togo

Nigeria, AfDB plan $500m innovation fund


Naira4Dollar Rates
ADVERTISEMENT

RECENT STORIES

Now that land borders are open…

Now that land borders are open…

May 20, 2022
Grant, loan and bootstrapping for SMEs

Grant, loan and bootstrapping for SMEs

May 18, 2022
Collaboration in economic space

Collaboration in economic space

May 17, 2022
Nigerian bank partners Aussie hub to fund education loan

Nigerian bank partners Aussie hub to fund education loan

May 16, 2022
AI, tech and accounting profession

AI, tech and accounting profession

May 16, 2022
Investors gain N109.2bn as Nigerian stock market rebounds

NGX returns N1.17tn gain, inches up further

May 16, 2022
Chronicling Obiano’s achievements in Akpokuedike

Chronicling Obiano’s achievements in Akpokuedike 

May 12, 2022

TRENDING

  • AI, tech and accounting profession

    AI, tech and accounting profession

    0 shares
    Share 0 Tweet 0
  • Grant, loan and bootstrapping for SMEs

    2 shares
    Share 0 Tweet 0
  • Nigerian bank partners Aussie hub to fund education loan

    2 shares
    Share 0 Tweet 0
  • Time for a New Beginning

    2 shares
    Share 0 Tweet 0
  • Chronicling Obiano’s achievements in Akpokuedike 

    2 shares
    Share 0 Tweet 0
Financial Street

© Financial Street 2021. All Rights Reserved.

More Links

  • Privacy Policy
  • Terms of Use
  • Contact Us

Follow Us

No Result
View All Result
  • HOME
  • CONSUMER PERSPECTIVE
  • PERSONAL FINANCE
  • MARKETS & COMPANIES
    • APPOINTMENTS
    • COMMODITIES
    • COMPANIES
  • BUSINESS & ECONOMY
    • AGRICULTURAL ECONOMY
    • AGRO-ECONOMY
    • AVIATION
    • BRANDS
    • CONSUMER GOODS
    • ECONOMY
    • ENERGY
    • ENVIRONMENT
    • FINANCIAL INCLUSION
    • INSURANCE & PENSIONS
    • INVESTMENT
    • MANUFACTURING
    • MARITIME
    • MONEY
    • MSMEs
    • PRODUCT REVIEW
    • STARTUPS
  • CULTURAL CURRENTS
  • EMPIRE
  • CORPORATE RENDEZVOUS
Posting....