Investor Presentaiton slide image

Investor Presentaiton

that Investment Promotion should take centre-stage in current efforts to transform the economy and place her on the path of rapid and sustainable growth and development if the objective of the 7-Point agenda and the Vision 20-2020 are to be realized. Investors now have renewed confidence in our country as a safe and profitable investment destination. Nigeria is relatively a challenging business environment but the potential rewards are high and obviously the highest in Africa. The Nigerian Investment Promotion Commission had, in recent times positioned Nigeria as a preferred FDI location. The NIPC has remained in the vanguard for enhancing Nigeria's business climate having reestablished its role as the pivot and flagship of investment promotion and facilitation in Nigeria, the Commission now enjoys tremendous goodwill, recognition and respect from various stakeholders in acknowledgement of the giant strides it recorded in recent times. Giving the initial misconception, misinterpretation and resistance to past efforts to establish a One-Stop-Shop in NIPC, it is easy now to appreciate the level of courage, tact, decorum, team work and cooperation that was employed to ensure its successful take-off and effective running of the Centre in its third year of operation. The year 2007 being the second year of the establishment of One Stop Investment Center (OSIC) witnessed an upsurge in the activities of the Centre both in volume and quality of services rendered. It rendered services to a total of one thousand and six (1006) Companies compared to seven hundred and seventy (770) Companies serviced 2006. In 2008 the Centre operated with sixteen (16) Agencies with an increase of 51% over the previous year in the services rendered Services rendered were Technical Information/Advice, Incorporation of Companies, Granting of Permits and Licenses as well as facilitations on behalf of investors. A study by Afrinvest West Africa Ltd. and Standard and Poors shows that as at November, 2007 returns from the Nigeria Market was the highest among African and Middle East emerging market with the exception of Zimbabwe. The report indicated that investors made 63.3 percent from the Nigerian market behind Zimbabwe that is driven by hyperinflation with 93.4 percent During the presentation of the 2008 budget, President Umaru Musa Ya'Adua was delighted to report that our economy has been one of the fastest growing, not only in Africa but also in the world. Based on current trends, real GDP 2
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