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NIPC Restructures (Posted Dec 2000) Tell your friends about this page! Email it to them. 

ABUJA IN its resolve to broaden the drive for investible capital into the economy, the Nigeria Investment Promotion Commission (NIPC) has evolved fresh strategy aimed at persuading Nigerians at home and in diaspora to invest in the country.

Speaking with Finance journalists in Abuja, recently, the chairman of NIPC, Chief Kola Daisi, said that the organisation's law would soon be amended in recognition of the need to make Nigerian investors, its first target. He admitted that the confidence and investments of Nigerians were major determining factors in attracting Direct Foreign Investments to the country. "We are proposing to amend the law, establishing the NIPC to allow the commission pay more attention to mobilizing Nigerians on the need to invest at home, he said.

According to him, "Nigerians in diaspora constitute a special group in which President Olusegun Obasanjo has a special interest."

A conference of Nigerians in diaspora, it was learnt, is being organised to take place in Washington DC, USA in the next couple of months. Part of the new strategy being worked out by the NIPC is the establishment of zonal offices in each of the six geo-political zones and another in Lagos owing to its strategic economic position in the country. Chief Daisi explained that the zonal offices would bring the services of the commission closer to the grassroots in addition to general relevant data. About the availability of investment opportunities in terms of mineral and agricultural resources for exploration and exploitation. His words: "We will become more efficient and more productive if we are nearer to the people. Unless you are close to the people, it is impossible to sit down in Abuja and take an inventory of what is obtainable in all parts of the country."

Chief Daisi who is a private sector operator stated that his administration would give a private sector orientation to NIPC staff and their operations. According to the chairman, it would be a mistake to run the NIPC strictly as a bureaucracy, explaining that since its clients were private sector operators, its operations had to be in line with private sector ideals of speed and efficient, result-oriented system.

The chairman said that at the completion of the on going restructuring being undertaken by Arthur Anderson, all staff of the commission would have been re-oriented to discharge their duties with dispatch as in the private sector.

Culled From The Vanguard Newspaper

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