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NIPC partners with NBS on sectors’ assessment to boost investment
The Nigerian Investment Promotion Commission (NIPC) has initiated an assessment with National Bureau of Statistics (NBS) to create better understanding and position sectors for more attractive investments.
NIPC Strategic Communications Director, Mr Emeka Offor, said at its news conference via webinar on Thursday in Abuja, that the assessment would help NIPC to focus on the sectors to attract more investments into Nigeria.
Offor explained that though COVID-19 came with tremendous negative impact, it also had some positive impact because some sectors were beginning to become more attractive.
“We cannot claim to know all the answers, that is why we initiated assessment with NBS.
“We see sectors like health, pharmaceuticals, renewable energy becoming more attractive including sectors that are enabled by technology.
Speaking on the investment announcement, which dropped from 15 billion dollars in the first half of 2019 to 5.5 billion dollars in first half 2020, Offor said it was due to the onset of COVID-19 pandemic.
He said the drop being witnessed in Nigeria was a reflective of the United Nation Conference on Trade and Development (UNCTAD) projection of drop in global investment and economy.
Similarly, he said International Monetary Fund (IMF) made a similar projection in terms of economies facing recession worst that the global financial crises and depression.
According to him, NIPC is engaging stakeholders to look at what can be done to improve Nigerians performance in terms of considering inflow of Foreign Direct Investment (FDI) and boosting investment announcement figures.
The director further said it had started the process of collating the investment announcement actualised overtime, adding that a lot of desk work was involved which it had started while a committee was constituted to work on it.
“We have seen some progress in terms of those who have moved beyond investment announcement by setting up investment in Nigeria or actualising their investments aspiration.
“The bulk of the work which we want to start doing now is to begin to focus on tracking them.
“What we have done in the past is to build the data base, desk work and then we track accordingly,’’ he said.
The NIPC Legal Adviser, Mrs Patience Okala also explained that it had undertaken assessment of Nigeria’s bilateral investment treaties including some reforms to boost investment.
Okala said it had set out to attract Responsible Inclusive Balanced and Sustainable (RIBS) investment into Nigeria, expand facilitation of treaties and promote dispute resolution. (NAN)
Investigations by Nigerian Concord Newspaper reveal that the Executive Secretary of the Nigerian Shippers Council, Mr. Pius Akutah, has allegedly misappropriated public funds for a lavish lifestyle.
According to our findings, within months of assuming office, Akutah allegedly purchased a bulletproof SUV valued at approximately N850 million. In addition, he is reported to have acquired over twenty exotic SUVs for use as a convoy.
Akutah is also said to have acquired multiple high-value properties, including three in Abuja’s Maitama and Asokoro districts worth over N2 billion, and two in Lagos’ Banana Island valued at N1.8 billion. These acquisitions appear far beyond the scope of his official salary and allowances.
Further investigation suggests that Akutah may be using public funds to support political ambitions, including allegedly grooming militants across 23 local government areas in Benue State for a potential 2027 gubernatorial bid.
Staff of the Shippers Council reportedly claim that Akutah frequently accesses the council’s treasury without proper authorization. Some insiders have indicated that a petition will soon be filed with the EFCC, ICPC, and the Presidency to report his alleged misconduct.
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Investigations by Nigerian Concord Newspaper reveal that the Executive Secretary of the Nigerian Shippers Council, Mr. Pius Akutah, has allegedly misappropriated public funds for a lavish lifestyle.
According to our findings, within months of assuming office, Akutah allegedly purchased a bulletproof SUV valued at approximately N850 million. In addition, he is reported to have acquired over twenty exotic SUVs for use as a convoy.
Akutah is also said to have acquired multiple high-value properties, including three in Abuja’s Maitama and Asokoro districts worth over N2 billion, and two in Lagos’ Banana Island valued at N1.8 billion. These acquisitions appear far beyond the scope of his official salary and allowances.
Further investigation suggests that Akutah may be using public funds to support political ambitions, including allegedly grooming militants across 23 local government areas in Benue State for a potential 2027 gubernatorial bid.
Staff of the Shippers Council reportedly claim that Akutah frequently accesses the council’s treasury without proper authorization. Some insiders have indicated that a petition will soon be filed with the EFCC, ICPC, and the Presidency to report his alleged misconduct.
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I am writing to felicitate with Your Excellency, Atku Abubakar, GCON, former Vice-President of Nigeria (Zege Mule u Tiv & Wazirin Adamawa)
on the occasion of your 79th birthday anniversary.
I join your teeming admirers globally in celebrating you on this special day, an adorable Statesman and my Boss.
I recall with nostalgia, how countless generations have benefited from your generosity, wealth of experience and benevolence including being my key benefactor even as a young lawyer for my professional success.
Your Excellency, may your special day be filled with grandeur befitting your illustrious career.
I wish you continued success, prosperity, and an unending stream of accolades.
It takes a remarkable kind of fortitude to remain active in public life well into one’s golden years. Your dedication and patriotism remain truly exceptional.
May you enjoy a day of reflection on your many years of fruitful service to humanity. It is my prayer that God Almighty grants you many more healthy, fruitful, and fulfilling years ahead, and continues to endow you with wisdom, strength, and the grace to keep contributing to our nation-building.
Happy Birthday, Your Excellency.
Michael Kaase Aondoakaa SAN.
Former Attorney General of the Federation and Minister of Justice
TAU reaffirms commitment to globally competitive learning
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