Afrigather 
The Nigerian Funding Promotion Fee (NIPC) Is looking for collaboration with the diplomatic group to extend the nation’s nationwide attractiveness for extra investments.
Talking at an interactive stakeholder engagement with the diplomatic group in Abuja, Saratu Umar, government secretary/CEO, NIPC, stated the fee recognises the position of the diplomatic group as essential stakeholder in funding promotion.
“financial diplomacy is among the pillars of the mandate undertaken by Diplomats in host nations; not solely do Diplomats help in delivering advertising messages to focus on teams of potential traders, additionally they handle relationships and supply the related data required for traders to make knowledgeable funding selections which has aided reinvestment and retention of traders,” she stated.
She additionally appreciated the diplomatic group for efficiently channeling the views of traders concerning the funding local weather of Nigeria by working in tandem, to fulfill mutually helpful targets particularly via their assist in coverage advocacy.
“As NIPC strategizes to extend nationwide attractiveness and branding, to place Nigeria as a continuing most popular funding vacation spot of selection, methods to deepen the funding promotion drive of Nigeria and the day-to-day problem-solving for established and incoming traders are being put in place,” Umar stated.
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She reiterated that Nigeria is a useful resource wealthy nation with nice potential and a compelling funding haven, with quite a few alternatives but to be totally harnessed which necessitates the necessity to appeal to Overseas Direct Funding (FDI) and mobilize Native Direct Funding (LDI) for mutual advantages to each the investor and Nigeria.
She stated a well-coordinated funding promotion ecosystem as mandated by the NIPC institution Act, is being developed to make sure Authorities and non-government funding promotion gamers can undertake mutually reinforcing and complementary roles to draw, retain and develop funding in Nigeria.
Umar famous that the involvement of the diplomatic group is essential seeing as the worldwide FDI market during the last decade has turn out to be very aggressive and versatile the place the funding promotion thrust of profitable jurisdictions with the biggest international market share of FDI inflows are pushed by efficient, environment friendly and efficiency pushed Funding Promotion Companies (IPAs).
“With over 170 IPAs worldwide competing to channel FDI to their completely different nations, a compelling crucial is established that NIPC is positioned to make sure that Nigeria will get a fair proportion of this international market; The graduation of the Africa Continental Free Commerce Space (AFCTA) additionally makes it crucial for Nigeria to reinforce its funding promotion drive, with the intention to stay the fixed most popular funding vacation spot of selection,” she stated.
She stated stakeholders within the funding promotion ecosystem will work in synergy and complement the fee’s mandates and competences to facilitate a nationwide funding promotion marketing campaign underneath the Nigerian Funding Promotion Masterplan and the Nationwide Funding Promotion Coordination Framework being developed by the NIPC, the place it is going to present a transparent technique for a seamless collaboration and coordination of the funding ecosystem in addition to usher in a strong and efficient stakeholder communication and engagement.
