Why Nigeria needs more proactive approach for actual investment – Sadiku

The Executive Secretary of the Nigerian Investment Promotion Commission, Ms Yewande Sadiku has called for a more proactive ’s approach to support across federal and state level in converting more announcement to actual investment.

The NIPC boss said although investment announcements are not actually investment, it gives an aggregate of ’ interest in and also help to translate those announcements to actual investment.

Sadiku while explaining to at the weekend in said the gap between announcement and actual investment demonstrate potential which calls for a more proactive all of approach to support across federal and state level is required to convert more announcement to actual investment.

She further explained that “If we convert 10 per cent or 20 per cent of investment announcements it will make a material change but you cannot get to the point of conversion if you don’t know what you are looking for.”

Also, the NIPC Director, Department of Strategic , Mr Emeka Offor said in the current Q1 2021 report, we have manufacturing taking the lead followed by and electricity, by destination we have , we have Delta State and Akwa-Ibom and by source Nigerians are showing great resilience by coming out tops and the last quarter, Morocco comes second and UK third.”

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