Investor Presentaiton
As result of these efforts, the Commission registered a total of 332 new
investments in 2007 as against 202 investments in 2006 representing an increase
of 64%. In 2008 108 new investments were registered. This is attributable to the
global economic meltdown. In the same year, 23 companies were granted
Pioneer Status incentive. A total of $146.62 million FDI was recorded with a total
equity of 1.74 billion and employment level of 3,817.
I wish to acknowledge the efforts and personal interest of President Umaru
Musa Yar'Adua to improve the investment climate in support of the Seven Point
agenda and being pursued passionately by his government. It will facilitate the
attainment of Nigeria's fair share of international trade and investment in a
globalize economy and portray Nigeria as a preferred and profitable investment
destination.
It is pertinent to also mention the unquantifiable support of NIPC Governing
Council that consists of very successful industrialists, captains of industry and
technocrats. As a council of highly accomplished Nigerians, it has provided the
much needed strategic direction which was blended with the support of
Management and staff of the Commission to record the achievements
enumerated.
A few years ago, a report such as this would have been dominated by investors'
complaints on macro economic policies and insinuation of lack of commitment of
our leaders. With the giant strides already made by Federal Government, the
private sectors are now taking the lead.
I therefore invite you to explore, through this report. Some of our modest
contribution to national development in the competitive business of investment
promotion, and to also get a clear picture of the positive impact of the
government reform programmes, particularly the Yar'adua Administration's
commitment to the rule of law, political reforms and anti-corruption stance
which has significantly earned Nigeria the confidence of Investors. The result;
Nigeria made it to the league of 20 most recipients of FDI in the world.
Engr. Mustafa Bello, FNSE
Executive Secretary/CEO
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