The Nigerian Investment Promotion Commission says it is focused on replicating reforms gained at federal to state-level through State Investment Promotion Agencies This was made known during a closed
webinl attended by IPA heads from 30 states, including heads of NIPC five zonal offices, with the Executive Secretary and Chief Executive Officer of the NIPC, Yewande Sadiku.
In her opening remarks, Sadiku extolled the efforts that State IPAs were making in attracting investments to their respective states and advocated for healthy competition among states. “Africa only represents 3 three of capital flows across the world, albeit the continent accounts for 17 per cent of the world’s population. I would like a future where competition for capital is between states in Nigeria, rather than Nigeria and other countries.”
“We looked at the quality of investments we have in Nigeria and they did not match the multiple treaties or international agreements the country was party to.
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