Investment
NICPS births in Enugu State, as NIPC promises to give full support
To enhance the investment climate of States for economic growth, the Nigerian Investment Promotion Commission (NIPC) has launched its Investment Certification Programme for States (NICPS) in Enugu State.
To implement the NICPS of which Enugu State is one of the beneficiaries, NIPC is partnering with the United Nations Development Programme (UNDP), under its Integrated National Financing Framework (INFF) Phase II project, with the support of the European Union (EU)
“The NICPS is designed to empower states to attract and manage investments efficiently,” said Ms. Aisha Rimi, Executive Secretary/CEO of NIPC, at the inauguration ceremony.
“Enugu State, with its rich natural resources and vibrant economic potential, stands to gain significantly from this initiative.”
The event which took place at the Enugu government house had the Deputy Governor Barrister Ifeanyi Ossai and the state executive council in attendance. The Deputy Governor who represented the Governor, emphasised the state’s commitment to creating a business-friendly environment, saying, “We aim to build a private sector-driven economy.”
The NICPS target is to provide accurate investment information, facilitate necessary infrastructure, and professionally packag the information to attract investors. The program is also aimed at boosting investment inflows, creating jobs, and increasing the state’s revenue.
The state government was acknowledge for its initiatives that align with the objectives of NICPS, including rehabilitating industries and establishing industrial parks.
The Enugu Geographic Information Service (ENGIS) was also highlighted for its role in streamlining land titling processes.
Ms. Rimi praised the state government for these strategic initiatives, thanked them for their hospitality and looked forward to continued collaboration.
This launch follows similar visits and workshops held in Ekiti and Gombe states, aimed at improving their investment climates.
The Nigerian Investment Promotion Commission (NIPC) is the apex agency of the Federal Government of Nigeria, established to encourage, promote, and coordinate all investments in Nigeria.
Investment
Peter Obi Donates N60 Million to Anambra Health, Education Sectors
***Reaffirms Vision for Development
In a demonstration of his commitment to fostering development in Nigeria’s health and education sectors, Peter Obi, the Labour Party’s presidential candidate in the 2023 elections, visited Anambra State on Thursday and donated N60 million to support local institutions.
During his visit to the University on the Niger (UNINIGER) in Umunya, Obi presented N50 million to the university’s Iyi-Enu campus, aiding its expansion and infrastructure goals.
He also visited the School of Nursing at Iyienu Mission Hospital in Ogidi, where he contributed an additional N10 million to support healthcare training.
In a statement shared on his X (formerly Twitter) account, Obi described his donations as essential investments rather than expenditures. “The financial support we give to health, education, and poverty reduction initiatives is not expenditure, but an investment in crucial areas that will propel our development,” he said.
Obi emphasized the urgent need for greater support in these sectors, pointing out that underfunding, lack of infrastructure, and a significant shortage of healthcare professionals have hindered progress. He noted that Nigeria currently fails to meet the World Health Organization’s recommended healthcare worker-to-population ratio, highlighting the importance of increasing healthcare training programs nationwide.
“The solution to this urgent shortage lies in investing more aggressively in the training of healthcare professionals nationwide,” he urged.
Obi expressed gratitude to the leadership, staff, and students of both institutions for their dedication to Nigeria’s health and education. “Our sacrificial investments today will form the foundation of tomorrow’s development strides,” he said, adding confidently, “I remain certain that a New Nigeria is Possible.”
Obi’s contributions reflect his vision for a resilient Nigeria, where investment in human capital builds a foundation for sustainable development and national progress.
Investment
Edun discusses Enhanced cooperation with Chinese delegation to boost investment opportunities
The Minister of Finance and Coordinating Minister of the Economy Mr Wale Edun has played host to a high-level Chinese delegation led by Minister Counsellor Wang Yingzi, setting the stage to solidify Nigeria-China alliance.
A statement by the Director of information Muhammed manga described the cooperation as a landmark move to bolster economic ties and unlock new investment opportunities in the country
according to the statemen, the meeting focused on next month’s Forum on China-Africa Cooperation (FOCAC) and explored strengthening Nigeria-China relations.
Minister Counsellor Wang expressed China’s commitment to increasing investments in Nigeria and he pledged continued support from Chinese financial institutions.
Edun welcomed this partnership, highlighting the importance of Chinese investments in promoting economic growth, job creation, and poverty alleviation across the nation.
“This strategic engagement sets the stage for a stronger Nigeria-China alliance, fostering mutual economic benefits and cooperation.
“With a renewed commitment to cooperation, both nations are poised to harness the vast potential of their bilateral relations, driving prosperity and development for the benefit of their citizens.
“The Ministry looks forward to a fruitful outcome from the forthcoming Forum on China-Africa Cooperation (FOCAC) and a strengthened Nigeria-China alliance.
Investment
Obi lends his voice to Dangote/NNPCL Feud, says Dangote needs support not vilification
***Insists, Dangote Refinery is too vital to fail
The Labour Party Presidential Candidate in the 2023 election, Peter Obi has urged the Nigerian Government to apply caution in handling Dangote, and NNPCL conflicts as he asked for full support to be given to the Refinery to operate.
Being an issue that about Nigeria’s economy and the well-being of its citizens Obi said the conflict is troubling.
Writing on his X handle on Tuesday, the LP standards bearer said,
“Dangote Refinery Should Be fully supported, not vilified.
The recent conflicts between Dangote Industries and some government agencies are deeply troubling. This issue transcends political affiliations and personal grievances.
“It is fundamentally about Nigeria’s economy, future, and the well-being of its citizens. Given Alhaji Dangote’s significant contributions to Nigeria, these disputes must be resolved swiftly. “Government agencies should be directed to offer the necessary support for the seamless launch and operation of the Dangote Refinery and its associated enterprises.
“The refinery has the potential to generate approximately $21 billion in annual revenue and create over 100,000 jobs, with numerous additional positive impacts on the economy.
“Its strategic importance in addressing Nigeria’s fuel crisis, boosting foreign exchange earnings, and fostering economic growth cannot be overstated.
“The refinery is too vital to fail and must not be hindered, considering its crucial role in our national welfare.
“The Federal Government and its agencies need to recognize the significance of Dangote’s contributions. Alhaji Dangote is not just a businessman; he is a national and African brand symbolizing patriotism, commitment, and impactful entrepreneurship.
Despite operating in a challenging business environment, he has established a remarkable industrial hub in Nigeria, encompassing over 15 sectors, including cement, sugar, salt, fertilizer, infrastructure, tomatoes, automotive, energy, petrochemicals, rice, poly sacks,
real estate, mining, logistics, and maritime. “Alhaji Dangote’s unwavering dedication to Nigeria’s industrialization, job creation, and economic growth, despite adversities, warrants full support and protection.
“With economic indicators like unemployment, inflation,
Forex scarcity, and debt worsening, every sensible and patriotic government should regard enterprises like Dangote Industries as national treasures, meriting robust support and protection.
“In the interest of Nigeria and its citizens, as well as Africans at large, I urge the Federal Government and its agencies to provide Dangote Industries, especially the refinery, with all necessary support.
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