NIPC / EU PARTNERSHIP

The European Union has attributed the significant drop of Foreign Direct Investment in Nigeria from eight point nine to five point six billion dollars between 2011 to 2013 to perceived negative image of the country in the international circle.
The EU Ambassador and Head of delegation to Nigeria and the Economic Community of West African States, Michel Arrion disclosed this today when he visited the Executive Secretary of Nigerian Investment Promotion Commission in Abuja.
He said Nigeria being a strategic partner of the union and a huge market in the ECOWAS subregion has lost its leading role as investment destination for the EU members to South Africa and Mozambique.
He however, urged the Federal Government to urgently review its investment policy, tackle corruption and insecurity to boost investors’ confidence.
On her part, the NIPC Executive Secretary, Uju Hassan Baba said the present government has put in place policies that will attract more foreign direct investment into the country.
The NIPC Executive Secretary while noting that the nation’s business climate is a work in progress said with the determination of President Muhammadu Buhari to fight corruption and insecurity, the Nigeria is now safe for investment for the European union and other interested investors.
Mrs Hassan Baba further stressed that the federal government is committed to granting weaver to investors according to its investment policy.