FG woos foreign investors to boost the economy

The Federal Government is targeting to get fresh investments from over 190 investors from 40 countries in key sectors of the economy.

The Executive Secretary, Nigeria Investment Promotion Commission, Yewande Sadiku, said this on Tuesday in Abuja during the opening session of the Direct Investors Summit Nigeria.

The event was attended by the ministers of Budget and National Planning, Senator Udo Udoma; Power, Works and Housing, Babatunde Fashola; Aviation, Hadi Sirika; Industry, Trade and Investment, Okechukwu Enelamah, and some states governors.

Sadiku stated that the government was committed to attracting fresh investments in key sectors of the economy, adding that the summit was targeted at bringing together investors and government officials in order to unlock potential investments.

She said the commission now had a seamless collaboration with the states to enable it monitor closely investments inflow into the country as a one stop centre.

According to her, the commission is working with key stakeholders to see more Nigerians invest in the country, adding that the current efforts of the NIPC in working more closely with the states was to increase the level of investment inflow into the country, and to ensure seamless collaboration and proper tracking.

Enelamah, in his speech at the event, said the government had started experiencing huge interest from investors in the last 15 months.

For instance, he said the country recorded a total investment commitment of $83bn between January last year and March this year.


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