NIPC Boss Vows Resolve Sticky Laws Hampering Foreign Investments

The Executive Secretary/Chief Executive, Nigerian Investment Promotion Commission (NIPC), Ms. Aisha Rimi, has promised to address some current regulations hampering the flow of Foreign Direct Investments (FDIs) into the country.

Speaking while hosting a private sector delegation led by the United Nations Industrial Development Organisation (UNIDO) Investment and Technology Promotion Office (ITPO), Germany, Rimi said Nigeria has the most liberal investment laws in the world, adding however, that there are grey areas which needed to be addressed.

The newly inaugurated NIPC boss said she would work to remove all regulations hindering the flow of investments into the country.

She said Nigeria presented endless opportunities for investors to harvest good returns.

Rimi added that the NIPC would not only work to attract investments into the country but also retain these projects.

The engagement was designed to strengthen collaboration and unlock new investment possibilities between Europe and Germany in particular.

Organised by NIPC, the event provided a platform for the German delegation, which included individuals experiencing their first visit to Nigeria, to gain invaluable insights into Nigeria’s dynamic investment landscape.

Through engaging interactions with key government officials and select success stories from the Nigerian private sector, the delegates experienced a deeper understanding of the ecosystem to identify potential partners and opportunities for future collaborations.

Rimi, said the mission was timely, as Nigeria is currently implementing several reforms to improve its investment climate.

 She also highlighted the country’s vast economic potential and its strategic location as a gateway to the West African market.

Leveraging her extensive experience with the private sector and investors, Rimi highlighted NIPC’s mission to guide investors through the Nigerian landscape.

She said, “I come from a corporate background, which means I have worked extensively with the private sector and investors. So, I understand the objectives, challenges, and potential solutions to guide investors on how we operate in the country. The NIPC goes beyond simply processing paperwork, offering comprehensive support to investors.”