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Investment Promotion: NIPC launches 'Book of States’

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The document, which was released virtually in August 2020 and sent to all ministries and foreign outposts, allows for more effective matching of investors with states.

According to Mr Fayemi, represented by Asishana Okauru, Director-General of NGF, it was apt for the states to begin to chart a path out of the adverse socio-economic effects of the COVID-19 pandemic.

According to the National Bureau of Statistics , capital importation fell by almost 60 per cent, from $24 billion in 2019 to $10 billion in 2020. “We must work together as Federal and State Governments to, in the first instance, take capital importation back to 2019 levels, and use it as a launch pad for future growth.

“To attract international capital, Nigeria must improve coordination across various organs of government, ensure coherence between fiscal and monetary policies and have the agencies responsible for formulating and implementing such policies, all singing from the same hymn sheet.

 

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