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NICPS births in Enugu State, as NIPC promises to give full support

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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.

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Investment

Akpabio: Real Estate Sector Crucial to Nigeria’s Economic Future

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Godswill Akpabio

Senate President Godswill Akpabio has asserted that Nigeria’s economic future depends on strategic real estate policies, transparent land administration, and sustainable infrastructure.
Speaking in Lagos on Friday during his investiture as a Fellow of the Nigerian Institution of Estate Surveyors and Valuers (NIESV), Akpabio underscored the pivotal role of the real estate sector in stabilizing the economy, boosting investor confidence, and bridging the nation’s housing deficit.
The special assistant to the Senate President Jackson Udom in a statement quoted Akpabio to have praised estate surveyors and valuers for being the silent architects of Nigeria’s economic transformation, ensuring that investments in land and property remain secure and viable.

“Without your expertise, businesses would struggle to invest, and the dream of homeownership for millions of Nigerians would remain just that—a dream,” he said.

He noted that as global economies shift towards real estate-backed financial stability, Nigeria must position its property and housing sectors as key drivers of economic growth.

The Senate President pledged legislative backing for policies that will that will make housing more affordable for Nigerians, ensure land administration is transparent and corruption-free, attract local and foreign investments into the real estate sector and Promote urban planning that supports economic expansion

“The policies we enact and the reforms we champion must align with a vision where real estate is not just a private asset but a national economic tool,” Akpabio emphasized.

With Nigeria facing an estimated 28 million housing deficit, Akpabio stressed the need for strategic collaborations between the government, private sector, and real estate professionals to provide sustainable solutions.

“Housing should not be a luxury but a right. Our goal is to create a framework where every Nigerian, regardless of income level, can own a home without financial strain,” he stated.

As the real estate sector becomes a cornerstone of economic resilience, Akpabio assured stakeholders that the Senate is committed to creating policies that turn Nigeria’s land and property assets into engines of national prosperity.

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Investment

Nigeria Secures €300 Million Development Deal with France to Boost Key Sectors

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The Federal Government of Nigeria has entered into a €300 million development partnership with France, for strengthening critical sectors such in healthcare, transportation, renewable energy, agriculture, and human capital development. The agreement is a major step in bolstering bilateral ties and advancing Nigeria’s sustainable development goals.

The Honourable Minister of Finance and Coordinating Minister of the Economy, Mr. Wale Edun, led the Nigerian delegation in signing two key agreements with the French Government and Agence Française de Développement (AFD) during a ceremony in France.
Director of Information and Public Relations, Muhammed Manga in a statement indicated that the agreements aligned with President Bola Ahmed Tinubu’s Renewed Hope Agenda adding that it reflected Nigeria’s commitment to comprehensive economic reforms.

The partnership will channel investments into enhancing access to quality medical care and improving urban infrastructure and connectivity.
It will also support Nigeria’s energy transition, Promote food security, sustainable farming practices and focuse on STEM to boost human capital.

Edun who lauded the collaboration, not that the partnership goes beyond financial assistance.
“It is about creating robust, sustainable systems that drive development and empower Nigerians. It reflects the trust our international partners have in Nigeria’s reform efforts.”
AFD CEO Rémi Rioux reiterated the agency’s dedication to supporting Nigeria’s development through long-term financing of sustainable projects. The agreement emphasized Urban Infrastructure Development, Support for MSMEs and Agro-logistics Hubs and Energy Access Expansion
Rioux emphasized that the partnership will aid in fostering job creation and enhancing Nigeria’s economic resilience through strategic investments.
The signing of the agreements, the statement said marked a critical milestone in Nigeria’s economic diplomacy, ensuring continued international support for its growth agenda.
The €300 million partnership is an acknowledgement of the growing confidence in Nigeria’s economic trajectory and commitment to sustainable development.

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Investment

Obi Applauds Contributions of former running mate, Dhatti Baba-Ahmed to Education, Healthcare

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The Presidential Candidate of the Labour Party in the 2023 General Election Peter Obi has praised his former Running Mate Baba-Ahmed’s transformative investments in Nigeria’s education and healthcare sectors.
He spoke on Saturday when he honored Sen. Yusuf Datti Baba-Ahmed’s investiture as the 3rd Chancellor and Chairman of the Board of Trustees of Baze University in Abuja

Obi commended Baba-Ahmed for his substantial contributions, including founding both Baze University in Abuja and Baba-Ahmed University in Kano, which have strengthened Nigeria’s educational framework and created new opportunities for young Nigerians.

“Datti’s commitment to building institutions that advance education and healthcare represents a monumental step in our journey toward national development,” Obi stated.

The event also marked Baze University’s 11th Convocation Ceremony, where degrees were conferred upon new graduates. Obi congratulated the graduating class, encouraging them to channel their skills and knowledge toward building a productive Nigeria.

Reflecting on the future, Obi reaffirmed his vision for a New Nigeria, emphasizing the need for leaders committed to sustainable progress and national growth.

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