Business
NOA, NIPC Partner To Mobilise Foreign Investors
The National Orientation Agency (NOA) is to collaborate with the Nigeria Investment Promotion Council (NIPC) in mobilising foreign investors to boost the country’s economy.
The Director-General of NOA, Alhaji Idi Farouk, said this in Abuja, when the Executive Secretary of NIPC, Alhaji Mustapha Bello, paid a courtesy call on him.
Farouk said the NOA had since received the commission’s assurances of effective collaboration toward actualising the programme of investor-mobilisation.
He said the two bodies would enjoy cordial relations and mutual benefits from the partnership.
“NOA had leveraged on an investment tour to China organised by NIPC to develop a programme for Local Government chairmen in Nigeria.
“The chairmen also visited China to understudy the contributions of its Local Government system to national economic development,” the NOA director-general said.
Farouk said the NOA had featured NIPC in its “Democracy at Work” documentary series, adding that a special programme focused on NIPC would also be developed as part of the series.
Earlier, the NIPC executive secretary had solicited NOA’s co-operation in mobilising foreign investors to come to Nigeria.
He said the commission had developed a Sector-Specific Investment Policy aimed at eliminating policy fluctuations, which had not worked in the best interest of the Nigerian economy.
“Both organisations have a lot in common, particularly in the areas of mobilisation. NIPC’s objective is to work with NOA and other stakeholders in mobilising foreign investors for the nation.
“The policy when fully evolved as a national document, will assure foreign investors of stability of the economy and protection of their investments,” Bello said.
He pointed out that countries such as Malaysia had used such a policy to develop their economies.
“Nigeria can attain enviable heights under the guidance of such a policy, while the prospect of becoming one of the 20 most-developed economies of the world by the year 2020 would be enhanced,” Bello added.