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
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