Commission Proposes
Review Of Investment Policies
Chizoba Anuforom, Enugu.
The
Nigerian Investment Promotion Commission (NIPC) had called for a
review of existing investment policies in order to make them
more competitive and ensure growth in states.
The commission said the review should be done by benchmarking
policies against successful models.
At the end of the 6th National conference on investment, held in
Enugu, eastern Nigeria, the Executive Secretary of NIPC, Dr.
Mustapha Bello, urged states in the eastern region to establish
regional investment companies, as a means of improving revenue
generation.
He also suggested to the Nigerian government to revive the
scrapped Export Processing Factory scheme, in view of its
strategic importance to the economy.
According to Dr. Bello, ’’the theme of the conference,
“Diversifying the Revenue Base of Governments: The crucial role
of investment promotion agencies, was carefully chosen to
further underscore the compelling need for governments at all
levels to diversify the revenue base of their economies.’’
The conference urged private sector operators to explore
investments for revamping ailing industries.
Yinka
