Posted on: 08:08 Sun, 27 Dec 2015



The Executive Director, Nigerian
Investment Promotion Commission
(NIPC), Mrs Uju Baba, has revealed
that more than 100 foreign investors
had visited the country between June
and December, 2015.

Mrs. Baba, who disclosed this in an
interview with the News Agency of
Nigeria in Abuja, said Nigeria is now
one of the top investment destination
in Africa.

She admitted that the investment
business was a slow at the moment,
adding, “because we are going
through post election period,
government activities have slowed
down to certain extent and that
affects the investment climate.

“Many investors are coming on
exploratory visit to find out what
Nigeria can offer to them. So, from
June to December 2015, we received
more than 100 exploratory visits.”

She said that since the appointment
of ministers by President
Muhammadu Buhari, the country
had received different set of
investors with serious intentions.

“They are no more on exploratory
visit, they are coming to the
commission to facilitate meetings
with the various sectors and
ministries,” Mrs Baba said.

She said investors had confidence in
Nigeria’s investment climate despite
challenges they may encounter.

The director called on the investors
to go through the commission for
proper legal framework as the
present administration is very
serious with issues of rule of law and
due process.