NIPC to Overhaul Nigeria's Defective Trade Treaties
The Executive Secretary/Chief Executive, Nigerian Investment Promotion Commission , Ms Yewande Sadiku, Thursday said the commission is currently working with relevant agencies of government to overhaul the country’s defective Bilateral Investment Treaties with other countries.
She said several of the agreements do not “represent the kind of development that we were hoping to achieve from them”, adding that investment treaties provide high level of comfort for investors and helps to improve the attractiveness of Nigeria as an investment destination. She added that the reform objectives would have been conceived around the RIBS acronym which is Responsible, Inclusive, Balanced and Sustainable investments.
The new framework will further redefine investment to ensure that it is not just the right kind of investment but that actual investments are protected going forward with additional provisions for fair and equitable treatment to parties.
Nigeria Latest News, Nigeria Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Security Council Meets, Buhari Orders New Strategies, Overhauling of Architecture - THISDAYLIVE•Ndume: Nigerian Army is Ill-equipped, Underfunded to Fight Insurgents •Govs meet today over insecurity By Omololu Ogunmade and Chuks Okocha Nigeria’s top security apparatchiks, including the service chiefs, yesterday got a presidential marching order to re-engineer the nation’s security architecture and evolve new strategies of arresting the deteriorating insecurity in the country. President Muhammadu Buhari, …
Read more »
ISIS, Al Qaeda Penetrating Northwest, Seek to Expand into South, US Warns Nigeria - THISDAYLIVEUnited States has warned that ISIS and al-Qaida are penetrating Northwest and looking to expand further south into the littoral areas of Nigeria. The Commander of US Special Operations Command Africa, Major General Davin Anderson, raised the alarm during a digital briefing on US efforts to combat terrorism in Africa during COVID. In the transcript …
Read more »
'Immediate re-engineering' of security
Read more »
Noose tightens around service chiefsThe noose is tightening around the service chiefs as President Muhammadu Buhari yesterday ordered the overhaul of the security apparatus to prevent further “catastrophe” in the country.…
Read more »