Investor Presentaiton
As one of its functions, the Commission is charged with the responsibility of
removing bureaucratic bottlenecks in the process of doing business in Nigeria.
Towards this, the NIPC has been advocating for improvements in the investment
climate in the country by working with relevant agencies and officials involved
in procedural bottlenecks and by promoting reform of policies, laws and
regulation at higher levels of the government.
The Commission had therefore put in place an effective mechanism for policy
advocacy to tackle these problems. The Commission also visited ailing
companies to appreciate the problems and made appropriate recommendations
to government. Also, the Commission advocated on their behalf and obtained
some special incentives. Some of the proposals submitted to government during
the period under review included:
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Collaboration with the Federal Inland Revenue Service (FIRS) to address
issues related to investment climate in its tax reforms bill currently before
the National Assembly.
Memo to Mr. President on the review of the Coastal and Inland Shipping
(Cabotage) Act, 2003 that restricts 100% ownership of inland shipping to
Nigerians. NIPC intervened for special concessions abnd exemptions on
existing foreign investors.
Study by the Commission on the problems of the textile industry in
Nigeria is designed to facilitate a package of incentives that would restore
and turn around the fortune of the industry, which is threatened with
several obstacles that require government intervention.
Several memoranda to the President requesting for waiver/reduction in
tariffs, concessions in respect of the following investments had been made
to the presidency:
○ Shoprite checkers, South Africa;
。 Keyvee Nigeria, Cayman Islands;
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African Oxygen and Industrial Gases, India;
Conserveria Africana, Italy;
African Automobiles, Dubai
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