NIPC Begins Work To Reduce Nigeria’s Request For Loans

NIPC Begins Work To As Nigeria’s debt profile continues to rise, the Nigerian Investment Promotion Council (NIPC) has initiated steps to curtail future borrowings by boosting the country’s foreign exchange earnings.

the Executive Secretary/Chief Executive Officer of the Council, Hajiya Saratu Umar, said the mandate of NIPC was critical in this regard being the agency of the federal government that has the statutory mandate to encourage, promote and coordinate investment into the economy.

According to her, “this is critical to promoting economic growth, creating jobs and generating wealth for Nigerians as well as facilitating development. This assignment is made very compelling if we are to set the nation on the path of sustainable progression towards becoming a prosperous nation.”

Reflecting on the current state of infrastructure and the non-investment friendly atmosphere, she acknowledged the fact that even though they exist, some of them would be tackled while some others could also be turned into opportunities for investors through proper engagements and campaigns.