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NIPC partners with NBS on sectors’ assessment to boost investment

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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)

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Super Eagles: Chelle Explains Decision to Invite New Players

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Super Eagles head coach Éric Chelle has defended his decision to hand opportunities to several new players during the Unity Cup and the international friendly against Poland, saying the move is part of efforts to strengthen the national team.

According to DAILY POST, Chelle included eight home-based players in his squad for the Unity Cup invitational tournament as he continues to assess new talents capable of improving the team.

Players such as Femi Azeez, Owen Oseni, Arthur Okonkwo, and Rafiu Durosinmi all made their debut appearances during the competition.

Banik Ostrava defender Abdullahi Bewene also earned his first cap for the Super Eagles in the friendly against Poland, while Genk defender Christian Akpan received a late invitation for the upcoming friendly against Portugal.

Speaking to the Super Eagles media team, Chelle said the inclusion of fresh faces is aimed at raising the quality and competitiveness of the squad.

“We have analysed our game over the past year and have tried to bring in players who can help the team grow,” Chelle said.

“We need to improve because, for me and for everyone, it is often the smallest details that make the difference between being the best team and winning a trophy.”

The Malian tactician has continued to experiment with his squad since taking charge, with a focus on building a stronger and more competitive team ahead of future international competitions.

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“I Left the Frying Pan for Hellfire” — Senatorial Aspirant Laments Exit from APC to NDC

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Ehiozuwa Agbonayinwa, an aspirant for the Edo South Senatorial seat under the platform of the Nigeria Democratic Congress (NDC), has expressed deep frustration over his experience in the party, describing his defection from the All Progressives Congress (APC) to the NDC as “moving from the frying pan into hellfire.”

Speaking on Arise NewsNews Day programme on Friday, the former member of the House of Representatives alleged that despite winning the party’s senatorial primary election, he is now being prevented from appearing on the ballot.

Agbonayinwa further accused the NDC’s national leader, Senator Seriake Dickson, of reneging on earlier encouragement for him to contest the Senate seat on the party’s platform. According to him, Dickson personally persuaded him to purchase the party’s expression of interest and nomination forms, only to later deny ever doing so.

“I have moved from the frying pan into hellfire,” Agbonayinwa said.

“After efforts to reach a consensus failed, we proceeded to a direct primary election. Party leaders brought all the aspirants together and encouraged us to step down for one another, but no agreement was reached.

“We went through a rigorous process. I understand the party is relatively new, but in all my years in both the APC and PDP, I have never witnessed this kind of situation. The primary election was held on May 29, and as of June 5, the results have still not been officially announced.”

The former lawmaker said he was particularly disappointed by the role allegedly played by Dickson, whom he described as a longtime friend and respected associate.

“Before joining the NDC, I reached out to Senator Seriake Dickson and later visited him at his residence. During our discussion, he asked why I could not pursue a Senate seat under the NDC platform.

“At the time, I was considering contesting for the House of Representatives, but after his suggestion, I told him I would consult with my political leaders. After doing so, I informed him of my decision and thanked him. To my surprise, the same person who encouraged me to obtain the nomination form has now claimed he never made such a recommendation,” he stated.

Agbonayinwa maintained that the handling of the primary election process has left him frustrated and disillusioned, raising concerns about transparency and internal democracy within the NDC.

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Some Nigerians Have Turned Insecurity Into a Commercial Venture — PDP Chieftain

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A chieftain of the Peoples Democratic Party (PDP), Anthony Ehilebo, has expressed concern over the worsening security situation in Nigeria, alleging that some individuals now view insecurity as a profitable enterprise.

Speaking on News Central’s Politics HQ on Friday, Ehilebo said the failure of authorities to bring perpetrators of major terrorist attacks and kidnappings to justice has contributed to the continued spread of insecurity across the country.

He cited the abduction of schoolgirls in Borno State and the attack on students in Buni Yadi as examples of incidents in which those responsible have not been adequately held accountable.

“When Boko Haram kidnapped girls in Borno State, till today we have not found those responsible and held them to account. Buni Yadi happened and nobody was held to account, and it spread to other schools,” he said.

Ehilebo noted that insecurity in Nigeria has evolved into different dimensions, including terrorism driven by extremist ideology and criminal activities motivated by financial gain.

“There are multiple facets and there is one that is solely domiciled within terrorism and if you look at the literal translation of Boko Haram, it means western education is haram according to radical Islamic teachings,” he stated.

He also alleged that some people now engage in kidnapping and related crimes for economic reasons, citing a recent case involving a senior special assistant in a state government who was reportedly arrested for allegedly staging her own abduction in an attempt to obtain ransom from the government.

“It has now become an industry and a commercial venture for some and for some it has become literally a religious thinking process,” he said.

The PDP chieftain argued that the lack of consequences for criminal acts has encouraged the persistence of insecurity, stressing that stronger political will is required to address the challenge effectively.

“The bottom line that has kept this is the consequence, which is almost driven by political will,” he added.

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