NIPC Focuses On Existing Investors

—Attracts N386 Billion Through Incentive Program

By Angel Ike

The Executive Secretary Nigerian Investment Promotion Commission, NIPC, Aisha Rimi said her focus is to retain existing investors by ensuring their concerns are addressed promptly and effectively.

She stated this during an interactive session with the Commerce and Industry Correspondents Association of Nigeria,
CICAN, on Friday, in Abuja.

She said this is part of NIPC’s broader strategy to align with President Bola Tinubu’s goal of stabilizing the economy and improving Nigeria’s global competitiveness.

Rimi explained that the commission has adopted a robust Investor Relations
strategy to keep the lines of communication open with businesses currently operating in Nigeria.

She added that Regular feedback mechanisms have also been instituted,
enabling NIPC to understand investor expectations and challenges.

She further stated that NIPC is committed to launching several initiatives aimed at driving further economic growth through investment, adding that, these initiatives
align with the 8-Point Agenda and are designed to accelerate Nigeria’s progress across multiple sectors.

Rimi assured that the commission.will continue to champion Nigeria’s investment narrative and foster a future
characterized by innovation, partnership, and sustainable growth.

The Head of the Incentives Administration Unit, Lovina Kayode disclosed that NIPC has attracted N386 billion investments from 37 companies through its Pioneer Status Incentives Program.

She explained that a Pioneer Status Incentives Program is a grant given to certain companies that qualify to be able to get a tax holiday between three to five years where they do not pay company income tax

Kayode noted that the Incentives has generated job opportunities for Nigerians