Written by Sarah NEGEDU

NIPC unveils online investors’ guide

As parts of efforts of improving the ease of doing business in the country, the federal government has partnered the United Nations to develop an online investment portal that will increase investment inflows into the country.

Speaking at the launch of the portal tagged ‘iGuide Nigeria,’ the Executive Secretary, Nigerian Investment Promotion Commission, Ms. Yewande Sadiku, said the platform will serve as an information hub for investors seeking to do business in the country.

She said, “iGuide is an easy to use online platform providing investors with up-to-date and pertinent information on the processes, procedures and basic costs of doing business in Nigeria.

“It provides information on starting business, labour, production factors, land, taxes, investor rights, growth sectors and opportunities.”

The Executive Secretary assured that the portal would be updated periodically, giving investors’ up-to-date information to help them make informed decision.

iGuide Nigeria was put together with the support of United Nations Economic Commission for Africa, UNECA, and United Nations Conference on Trade and Development, UNCTAD.

With the launch, Nigeria joins Malawi, Zambia and DR Congo as the first four countries to develop the online guide on investment information in their countries.

The Minister of Industry, Trade and Investment, Dr. Okechukwu Enelamah, describe the guide as an initiative that will “undoubtedly enhance investment inflows into Nigeria.”

Represented by the Permanent Secretary of the Ministry, Mr Edet Akpan, the minister stressed that Nigeria’s current ranking on the World Bank’s Ease of Doing Business needs to be improved upon. He said government is working hard to ensure that Nigeria is placed among the top 10 countries in the next ranking.

On his part, the Economic Affairs Officer at UNECA, Mr Emmanuel Chinyama, said the portal was the best way to fast track process of doing business which contained local data, relevant rules and contacts. He said the guide has a proven record of increasing investment inflows into host countries, adding that Nigeria has the potential of increasing investments through the guide.

iGuide Nugeria is an easy-to-use online platform providing investors with up-to-date and pertinent information on the processes, procedures and basic costs of doing business in Nigeria. The platform would enable investors get access to the basic information they need to make better informed decisions on Nigeria as a preferred investment destination.

The marketing tool provides information on Starting Business, Labour, Production Factors, Land, Taxes, Investor Rights, Growth Sectors and Opportunities.

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