NIPC targets tech, sustainability to boost Nigeria’s investment appeal
Joy Agwunobi
The Nigerian Investment Promotion Commission (NIPC) has reiterated its dedication to fostering Nigeria’s economic growth by retaining existing investments and attracting new ones through targeted collaborations and strategic initiatives.
The Commission announced plans to prioritise the promotion of fintech, agri-tech, and renewable energy as part of its broader strategy to position Nigeria as a hub for innovation and technology-driven investments.
According to Aisha Rimi, the executive secretary and CEO of NIPC, these sectors hold immense potential to stimulate economic growth and attract international investments. She made these known during a media briefing in Abuja, where she also unveiled the Commission’s efforts to build a robust investor relations framework and enhance collaboration with sub-national governments to create a more conducive investment climate.
“We are focused on advancing these key sectors by promoting initiatives that encourage tech-based companies to establish operations in Nigeria.Our aim is to advocate for policies and incentives that will position Nigeria as a preferred destination for innovation-driven investments,” Rimi said.
She highlighted NIPC’s commitment to sustainability, noting that the commission is actively promoting eco-friendly projects aligned with Nigeria’s sustainable development goals. Rimi emphasised that partnerships with organisations focused on sustainability are pivotal to attracting socially responsible investors. “By aligning our strategies with the global shift toward sustainability, we aim to enhance Nigeria’s appeal while advancing the green agenda,” she stated.
The Commission’s initiatives also align with President Bola Tinubu’s 8-Point Agenda and the Nigerian Investment Certification Programme for States (NICP-S), which aim to position the country for long-term economic growth. “Together, these frameworks provide a foundation for championing Nigeria’s investment narrative and driving a future marked by innovation, collaboration, and sustainable development,” Rimi added.
As part of its capacity-building efforts, NIPC has launched several training programmes in collaboration with international donor agencies. These initiatives are designed to empower local entrepreneurs with the skills needed to compete globally, thereby creating a favorable environment for investments. Rimi noted that these programmes complement the Tinubu administration’s commitment to human capital development as a cornerstone of national growth.
Strategic collaborations remain central to NIPC’s approach, with Rimi affirming that the Commission will continue to engage with Ministries, Departments, and Agencies (MDAs), state governments, and international partners. “Through partnerships with donor agencies, we have secured funding and technical support to strengthen our investment promotion activities,” she said, adding that “this collaborative approach leverages global expertise and resources, enhancing the impact of our initiatives.”
NIPC’s partnerships with organisations such as JETRO, JICA, UNDP, GIZ, and UNIDO have also played a significant role in ensuring Nigeria meets international standards in investment promotion. Rimi explained that these collaborations have not only enhanced the Commission’s capabilities but also helped attract investments that align with regional strengths and economic diversification goals.
By tailoring its investment promotion strategies to states with distinct regional advantages, NIPC aims to catalyse local economic development while complementing the broader objectives of diversification. “This approach ensures that investments contribute directly to regional growth, creating a ripple effect that supports national economic objectives,” Rimi explained.
Rimi also stressed the importance of creating a unified brand identity for Nigeria as a leading investment destination. “With the media’s support, we can craft compelling narratives that showcase Nigeria’s successes, rich heritage, and unparalleled potential,” she said. “This will reinforce our mission to establish Nigeria as a global economic powerhouse.”