The commission that is responsible for driving desperately needed investments in Africa's largest economy is riddled with troubles as Ms Umar and the staff are at loggerheads.
would reappoint a chief of the Nigerian Investment Promotion Commission who was once sacked over incompetence and ineptitude. But as the president announced that Saratu Umar would lead the commission again — after she was sacked by former president Goodluck Jonathan in 2015 — staff and directors exercised hope there would be a change.
In a 6 March petition signed by some NIPC directors, including Gana Wakil, John Oseji and James Akwada, among others, Ms Umar’s matter was brought to the fore of the trade and investment ministry. The aggrieved directors insinuated that Ms Umar’s ineptitude is bringing the commission down by instalments. They pointed fingers at her on a plethora of issues, including threats to life and physical body harm against the directors and other staff of the agency.
Tax incentives or pioneer status are exemptions granted by the federal government to qualified and important investment projects from companies deriving profits in Nigeria or brought into the country,. The importance of the pioneer status incentives is to attract foreign direct investments to enhance the growth and development of Nigeria.
“She went ahead to query the director who dared to say he will not act to oversee his seniors,” the directors said in the petition. “She is also in the habit of assigning duties of departments to other departments to create disaffection.”
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