BY MOTOLANI OSENI As part of efforts to bolster foreign investment under the Nigeria-China Strategic Partnership (NCSP), Director-General Joseph Tegbe recently hosted Ms. Aisha Rimi, the Executive Secretary and Chief Executive Officer of the Nigerian Investment Promotion Commission (NIPC). This meeting underscored the ongoing collaboration between the NCSP and the NIPC, particularly in facilitating the […]
BY ANDREW OROLUA The Attorney General of the Federation and Minister of Justice, Prince Lateef Fagbemi (SAN), has inaugurated 9-member committee to review the Bilateral Investment Treaties to be in tune with modern reality. He also said the committee will review the Nigerian Investment Promotion Commission (NIPC) ACT. At the inauguration was the Permanent Secretary […]
By Joy Obakeye The Executive Secretary of Nigeria Investment Promotion Commission (NIPC), Saratu Umar, has said if the country can facilitate exports, it will generate more foreign exchange. The NIPC boss, who spoke to state house correspondents after meeting with President Muhammadu Buhari at the weekend, noted that there’s a challenge with foreign exchange and […]
By Tom Okpe The House of Representatives Committee on Public Accounts, (PAC) has commenced investigation into how the Nigeria Investment Promotion Commission, (NIPC) under the Federal Ministry of Industry, Trade and Investment engaged in extra budgetary expenditure of N1.19 billion in the 2018 and 2019 financial years. A report from the office of the Auditor […]
On Monday, Yewande Sadiku, the Nigerian Investment Promotion Commission’s executive secretary/CEO, freely accepted an invitation from the Economic and Financial Crimes Commission (EFCC) and was neither arrested or detained, according to the NIPC. The EFCC had reportedly apprehended and imprisoned Sadiku for alleged contract fraud, according to media sources. Other anti-corruption organizations had already reviewed […]
By Andrew Orolua The Executive Secretary of the Nigerian Investment Promotion Council, NIPC Mrs. Yewande Sadiku was taken into the custody of the Economic and Financial Crimes Commission, EFCC, on Monday. The technocrat, who arrived the headquarters of the anti-graft agency at about 11am on Monday, was still being grilled by a team of operatives […]
Philip Clement, Abuja The Nigerian Investment Promotion Commission stated that the country requiresbold and coherent policy changes as well as well cut out reforms to reverse the drop in Foreign Direct Investments flow expected in the 2021 fiscal period. The Executive Secretary of NIPC, Yewande Sadiku said this at the Commerce and Industry Correspondents Association […]
Philip Clement, Abuja In a bid to boost investment opportunities in the country, the federal government in partnership with the European Union and German government has launched an online platform to fast track operations, Daily Times reports. The federal government represented by Federal Ministry of Power (FMP), Rural Electrification Agency (REA) and Nigerian Investment Promotion […]
Nigeria has recorded a total of N151.91bn investment in the first quarter of 2020, the Nigerian Investment Promotion Commission has revealed. The first quarter, 2020 report released by the Nigerian Investment Promotion Commission (NIPC) shows that 18 new applications and 1 extension application were received during the period with 8 applications granted approvals-in-principle, each for […]
The Executive Secretary/CEO of Nigerian Investment Promotion Commission (NIPC) Yewande Sadiku has challenged the senior management of the Commission to be proactive in driving investor engagements in the country. According to Sadiku, this can be achieved by “aggregating contributions from different parts of the Commission and working more closely with states to better pitch Nigeria’s […]
Abuja – The Nigerian Investment Promotion Commission (NIPC), says it has collated 9.29 billion dollars investments in the country in the third quarter of 2019. Ms. Yewande Sadiku, NIPC Executive Secretary made this known on Friday in Abuja at a news conference. Presenting the investment report, Sadiku said that a total of 13 projects across […]
…Radda Wants youth Participation in MSMEs The Director-General, Small and Medium Enterprises Development Agency of Nigeria (SMEDAN), Dr. Dikko Umaru Radda says the active participation of youths in Micro, Small and Medium Enterprises (MSMEs) will enhance Nigeria’s economic development. Dr. Radda stated this in Abuja at an event to mark “MSMEs Day 2018: The Youth […]
About 11 days to the end of his administration, President Goodluck Jonathan has fired yet another head of parastatal. He ordered, on Monday, the immediate sack of Executive Secretary of the Nigerian Investment Promotion Commission (NIPC), Mrs. Saratu Altine Umar. While no reason was given for her sack, the President through a statement […]
A Pro-Democracy group, Human Rights Writers Association of Nigeria (HURIWA), has asked the Finance Minister and the coordinator of the Nigerian economy,Mrs NgoziOkonjo-Iweala, to name and prosecute the erring officials in the Nigerian Investments Promotion Commission (NIPC), who allegedly duped Nigeria of nearly $20 billion USD in four years through fake waivers. The Rights group […]