{"id":16171,"date":"2022-03-29T10:13:49","date_gmt":"2022-03-29T10:13:49","guid":{"rendered":"https:\/\/www.withinnigeria.com\/broadnews\/?p=16171"},"modified":"2022-03-29T10:13:49","modified_gmt":"2022-03-29T10:13:49","slug":"fg-promoting-policies-to-attract-investments-perm-sec","status":"publish","type":"post","link":"https:\/\/www.withinnigeria.com\/broadnews\/2022\/03\/29\/fg-promoting-policies-to-attract-investments-perm-sec\/","title":{"rendered":"FG promoting policies to attract investments \u2013\u00a0 Perm. Sec."},"content":{"rendered":"<header class=\"entry-header\" aria-label=\"Content\">\n<p class=\"entry-title\"><span style=\"font-size: 16px\">The Federal Government, says it remains committed to articulating policies that will attract responsible, inclusive, balanced and sustainable investments into the country.<\/span><\/p>\n<\/header>\n<div class=\"entry-content\">\n<p>The Permanent Secretary, <a href=\"https:\/\/www.withinnigeria.com\/broadnews\/2022\/03\/19\/trade-minister-inaugurates-committee-on-review-of-weights-and-measures-act\/\">Federal Ministry of Industry, Trade and Investment,<\/a> Dr Evelyn Ngige, said this while opening a meeting with stakeholders from the North, on review of the draft on Nigeria Investment Policy, on Monday in Kano.<\/p>\n<p>Represented by the Director, Investment Promotion Department in the ministry, Mrs Olukemi Arodudu, the permanent secretary said that the stakeholders\u2019 meeting would also hold in Lagos and Enugu.<\/p>\n<p>According to Ngige, the engagement is part of the process of developing Nigeria\u2019s first-ever investment policy.<\/p>\n<p>She explained that until now, Nigeria\u2019s investment regime was governed by the enabling Acts of the Nigeria Investment Promotion Commission and other agencies of government.<\/p>\n<p>\u201cThis has made it difficult for would-be investors to accurately determine what Nigeria\u2019s Investment Policy actually is.<\/p>\n<p>\u201cIt is a fact, however, that African countries that have clearly outlined investment policies attract more foreign direct investment.<\/p>\n<p>\u201cThis is one of the reasons why the development of an investment policy for Nigeria has been part of the heartbeat of the industry, trade and investment sectors at the federal level for the last few years,\u201d Ngige said.<\/p>\n<p>The permanent secretary said Nigeria had taken bold steps of reforming its International Investments Agreement between 2014 and 2016.<\/p>\n<p>According to her, Nigeria also contributes immensely to the development of ECOWAS Common Investment Code and ECOWAS Common Investment Policy, which are negotiations of competition, investment and intellectual property rights policies.<\/p>\n<p>In her remarks, Director Legal Services, Nigerian Investment Promotion Commission, Mrs Patience Okala, said the development of Nigeria investment policy was timely, as the country focused on diversifying its economy.<\/p>\n<p>\u201cThe development of this investment policy comes at an auspicious time when Nigeria is focussing on economic diversification and when state parties of the AFCFTA are actively negotiating the AFCFTA investment protocol,\u201d Okala said.<\/p>\n<p>She said inputs were obtained from several Ministries, Departments and Agencies in formulating the document.<\/p>\n<p>\u201cI urge us to let us work together going forward and implement the policy when it is approved, to ensure a coordinated investment promotion and facilitation in Nigeria.<\/p>\n<p>\u201cDoing so will ensure success of the implementation of the policy and the growth of the Nigerian economy,\u201d Okala\u00a0said.<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>The Federal Government, says it remains committed to articulating policies that will attract responsible, inclusive, balanced and sustainable investments into the country. The Permanent Secretary, Federal Ministry of Industry, Trade and Investment, Dr Evelyn Ngige, said this while opening a meeting with stakeholders from the North, on review of the draft on Nigeria Investment Policy, [&hellip;]<\/p>\n","protected":false},"author":32,"featured_media":16202,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"jnews-multi-image_gallery":[],"jnews_single_post":[],"jnews_primary_category":[],"footnotes":""},"categories":[7],"tags":[181],"class_list":["post-16171","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-national","tag-federal-government"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.8 (Yoast SEO v27.8) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>FG promoting policies to attract investments \u2013\u00a0 Perm. Sec. &#187; BROAD NEWS \u2014 WITHIN NIGERIA<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.withinnigeria.com\/broadnews\/2022\/03\/29\/fg-promoting-policies-to-attract-investments-perm-sec\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"FG promoting policies to attract investments \u2013\u00a0 Perm. Sec.\" \/>\n<meta property=\"og:description\" content=\"The Federal Government, says it remains committed to articulating policies that will attract responsible, inclusive, balanced and sustainable investments into the country. 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