Umar: With Fierce Global Competition for FDIs, NIPC Will Attract Fair Market Share – THISDAYLIVE

📆 20/02/2023 03:11:00
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Umar: With Fierce Global Competition for FDIs, NIPC Will Attract Fair Market Share James Emejo in Abuja The Executive Secretary/Chief Executive, Nigerian Investment Promotion Commission (NIPC), Mrs. Saratu Umar, has said that with

The Executive Secretary/Chief Executive, Nigerian Investment Promotion Commission , Mrs. Saratu Umar, has said that with about 180 Investment Promotion Agencies globally competing to channel Foreign Direct Investments to their respective countries, the commission is better prepared to ensure that Nigeria gets a fair share of the global market.

“Global FDI market over the last decade have become very competitive and versatile where the investment promotion thrust of successful jurisdictions that are attracting the largest global market share of FDI inflows are driven by effective, efficient and performance driven Investment Promotion Agencies .”

However, the NIPC boss maintained that Nigeria’s investment promotion drive was currently largely fragmented thereby “depriving us of cohesive leverage we could have achieved if we synergized our efforts and resources”.

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