The World International Economy Group (WIEG), a humanitarian and economic empowerment organisation is planning to improve the migration of large investments to Nigeria through a partnership with the Nigerian Investment Promotion Commission (NIPC).
Chris Nwanne, WIEG national president, Nigeria chapter, made the disclosure during a courtesy visit to NIPC office in Abuja.
Nwanne said the investment would cut across infrastructure, agriculture, small scale industries, five-star hospitals and other social investments which would help lift Nigerians out of poverty in line with President Muhammadu Buhari’s policy and grow the gross domestic product (GDP) of Africa’s largest economy.
Explaining the relevance of the courtesy visit, he said it was aimed at seeking more investment information and direction from NIPC so that both parties can jointly deliver on their mandates
“Talking to NIPC first will give us better guidelines to carry out this great assignment. We are here to create a partnership with NIPC and we are inviting investors around the world to come and partner with us. Since we have investment hubs, WEIG is struggling with how to deal with the investors alone,” he stated.
Speaking on the target of the group, Nwanne said WIEG is bringing a team of 50 investors in WIEG worldwide to invest in Nigeria and plans to raise 3,000 to 4,000 entrepreneurs in five years.
He added that though WIEG may not give anyone cash, it would support whatever entrepreneurs are doing to help grow in business and introduce investments that will help Nigerian youths gain employment instead of depending on the government alone.
In his response, Adesina Emmanuel, the director of investment promotion, NIPC, said the commission was interested in businesses that would create job opportunities, promote responsible inclusive balance and sustainable investment.
Emmanuel also expressed the commission’s willingness to support the group’s goal, noting that NIPC was created to promote business in Nigeria and the image of Nigeria.
“We will always like to work with credible investors and organisations to promote Nigeria’s economy. Organisations like this are always welcomed,” he said.
