Investor Presentaiton

The World Bank MSME Project is being implemented under a Development Credit Agreement (DCA) between the International Development Association (IDA) and the Federal Government of Nigeria (FGN). The Nigeria Investment Promotion Commission (NIPC) is responsible for project implementation, through its designated Project Coordinator (Director, Policy Advocacy and External Relations) and his team of officers in the Department, under the oversight of an independent Project Review Committee made up of eminent persons drawn from the private and public sectors. The day-to-day operations is the responsibility of the PMU, established under a contract with Emerging Market Economics (EME), a United Kingdom based consulting firm, signed in late November 2004. The NIPC Team and Project Management Unit (PMU) of the Nigeria - World Bank MSME Project was at the Country Portfolio Performance Review (CPPR) meeting in July 2007 and made presentation on the status of the project to the Project Review Committee. The Review Committee (RC) meets on an annual basis to conduct a review of the MSME Project Portfolio. After the presentation, and in his response, the Country Director of World Bank in Nigeria commended the NIPC Team and PMU for an outstanding performance. He encouraged the team to maintain the tempo. Policy Document on the Textile Sector The Department received from the Director General of Textile and Garment Manufacturers Association of Nigeria, the Policy proposal containing their request for Textile companies in the country to enjoy Pioneer Status on all areas of their operation, as well as an elongated pioneer status beyond the 5years tenure, and has since commenced work on the proposed policy document to enable it produce the first -draft for Management's consideration. Tremendous progress had been made on the Project, having received support from the World Bank to implement it under its newly launched Business Environment Project. Collaborative Relationship with Indian Embassy: As part of on-going collaboration between Nigeria and India, the Indian High Commission in Nigeria approached NIPC to assist it in coordinating the participation of Nigerian businessmen and exhibitors at the following events: 120

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