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Monday, December 6, 2021

NIPC Urges Saudi Investors To Disregard Negative Reports On Nigeria

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The Executive Secretary, Nigerian Investment Promotion Commission (NIPC), Engr. Mustafa Bello, has called on foreign investors not to take the travel advice given by foreign embassies and some negative reports in the media on the security situations in Nigeria seriously, saying the country was not as bad as being portrayed.

The NIPC chief executive who stated this in his office during the week when he received in audience, investment delegation from Saudi Arabia-based company, Abdel Hadi A. Alquatani & Sons Group of Companies, led by its Vice-Chairman, Salah A.H.

Al-Qahtani, said the current security and infrastructural challenges bedeviling the country would soon be a thing of the past, as the federal government has put various measures in place to overcome them.

He said many countries in the world have experienced one challenge or the other, and Nigeria should not be an exception, stressing that “Nigeria is not as bad as being portrayed by some foreign embassies advising their nationals about travelling to the country and some negative reports orchestrated in the international media,” adding that; “Nigeria do have challenges like other developed countries in the world, but these are not insurmountable, we shall soon overcome them.”

Bello told his visitors that the quickest way to overcome the country’s present challenges was to bring in more investments to those sectors that would improve the economy, maintaining that the Commission has been working very hard to attract investments into the Nigerian economy.

“Your coming at this time to invest in the country’s economy is a welcome development, we will support you all through with the necessary information and getting relevant approvals to enable you settle down and commence business.”

He pointed out that the country has the market, the manpower and qualified labour for any investment to thrive. He also informed the delegation that the federal government has put in place attractive incentives to encourage investors.

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