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We attracted N286bn investments in nine months, says Nigeria Investment Promotion Council

By Anthony Otaru, Abuja.

Head of incentives administration, Nigerian Investment Promotion Commission ( NIPC), Lovina Kayode has disclosed that the commission attracted no less than N286 billion investment from 37 companies between Q1– Q3, 2024 (nine months)

Kayode also said  that within the same period, NIPC generated 5,559 jobs from pioneer status incentives.

She made the disclosures  week end while presenting the 2024 departments score card  at the NIPC media Parley in Abuja

According to her, the commission has embraced technology transfer model in running it’s operation thus, making it more vibrant and acceptable by stakeholders  for easy access to investments.

She stressed that incentives have been granted to allow companies established their presents in rural areas.

Earlier in her address, the NIPC Executive Secretary/ Chief Executive Officer, Ms. Aisha Rimi restated the NIPC commitment to launch several initiatives aimed at driving further economic growth through investment.

According to her, such initiatives align with the 8 point agenda design to accelerate the nation’s progress across sectors

On innovation and technology Investments, she said, “We are strategising to position Nigeria as a hub for innovation and technology Investments by producing sectors such as Fintech, agri- tech and renewable energy, we will advocate for incentives that attract tech-  based companies looking to establish operations in Nigeria”

She stated that recognising the global shift towards sustainable investment” We are prioritizing eco- friendly projects that contributes to sustainable development goals” among others

She gave the assurance to continue to collaborate with the media to achieve better for the good of the country.

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