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Investor Presentaiton

iv V friendly environment and favourable policies to support it, provision of incentive packages to stimulate investments etc. ASSOCIATED BEST FOODS: In response to our letter to the above company on ways and suggestions to improve the investing environment, the management had scheduled a meeting with us tentatively after the Christmas break to discuss issues that border on their operations. We shall elaborate on this in our subsequent reports. A. B. CHAMI NIG. LTD.: Similar letter was written to A. B. CHAMI NIG. LTD (manufacturers of beauty products) on her candid views of ways and suggestions of improving the investment climate. WORKSHOPS ON MARKET FIRES During the reporting period, the Commission served as Secretariat to the Technical Committee on Market Fires Workshop. The Committee was a product of the meeting of the stakeholders on market fires, which was convened by the NIPC on 15th January 2004. The Committee organized two workshops and campaigns in Abuja and Lagos on July 22/23 and July 29/30 respectively. The essence was to sensitize the traders of the negative impact of fire disaster in terms of the colossal loss of property and investments as well as what is required to ameliorate future occurrence. Markets accounts for a sizeable percentage of investments in the country as they provide employment and serve as the engine of growth for the nation's economy. It was against this background that NIPC made efforts to reduce or minimize the menace. HONORARY INTERNATIONAL INVESTORS COUNCIL (HIIC) Mr. President set up the International Investors Council in the year 2004, to advice on investment in Nigeria. Members were mostly international policy and business players who have excelled in their chosen fields. These are people that are in positions to authorize or influence the investment decisions of their companies and as well as play significant role in persuading their governments to invest in Nigeria. Baroness Lynda Chalker former Member of Parliament for Wallasey is the coordinator. Membership is also largely drawn from the Nigerian private sector. Public sector include the Economic Team Members, the Executive Secretary/Chief Executive 110
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