NIPC facilitates $10bn investments in 2025 — ES

Date:

Mariam Abeeb

The Nigerian Investment Promotion Commission (NIPC) said it facilitated over $10 billion investment commitments in 2025.
Ms Aisha Rimi, NIPC’s Executive Secretary, during a Media Parley in Abuja, said it also supported the creation of more than 5,000 direct jobs across key sectors of the economy in the period.
Rimi said capital importation rose significantly during the year, with $5.2 billion recorded in the first quarter of 2025, up from $3.4 billion in the corresponding period of 2024.
The executive secretary, represented by Mr Abubakar Yerima, Director, Strategic Services, said total inflows in the first half of the year reached _10.23 billion.
She said the commission facilitated nearly 100 company incorporations, processed hundreds of investor inquiries and approved expatriate quotas, as part of efforts to ease doing business.
According to her, 17 companies were granted pioneer status incentives in the second quarter, mobilising about $809.57 billion in capital investments and creating over 3,000 direct jobs.
The NIPC boss said that additional approvals in the third quarter generated more than 2,400 jobs.
Rimi said NIPC also enhanced digital investment platforms, strengthened subnational investment promotion, and expanded Nigeria’s visibility through global engagements.
Rimi said this included the Africa Chief Executive Officer Forum, BRICS platforms and bilateral business forums.
She further said the commission was preparing to transition to the Economic Development Incentive framework by January 2026, in line with the new tax law.
Rimi said that NIPC would in 2026 focus on scaling investment facilitation, strengthening state-level competitiveness, improving investor aftercare and deepening partnerships to convert investment interest into tangible economic outcomes.
She thanked the media for their continued collaboration in projecting Nigeria as a competitive investments destination.
The executive secretary, then, reaffirmed NIPC’s commitment to transparency, accountability and partnership with the media in promoting Nigeria’s investment story.
Mr Ifeanyi Onuba, Chairman, Commerce and Industry Correspondents Association of Nigeria (CICAN), commended the NIPC for strengthening engagement with the media to promote transparency and Nigeria’s investment climate.
Onuba said the parley was a vital platform for enhancing collaboration between the media and the Commission.
According to him, accurate and timely reporting remains critical to building investor confidence and projecting Nigeria as a competitive investment destination.

READ MORE  Kaduna Electric customers now to pay electricity bills directly

Never miss a moment! Get the stories shaping Nigeria, delivered straight to your phone. Follow Peoplesdaily Newspaper on WhatsApp for breaking news, exclusive reports, and the headlines everyone will be talking about, before anyone else.

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Share post:

Subscribe

Popular

More like this
Related

Polytechnic Rector Urges North Central States to Deepen TETFund Collaboration

  The Rector of Kogi State Polytechnic, Lokoja, Prof. Salihu...

Gastroenterology and Hepatology Society seeks upgrade of tertiary hospitals

Gastroenterology and Hepatology Society seeks upgrade of tertiary hospitals From...

NCS sharpens operational edge as 50 Officers graduate from staff college

Mariam Abeeb No fewer than Fifty officers of the...

Remittances surge to US$947m in July, nearing Cardoso’s US$1bn target

Mariam Abeeb Nigeria recorded US$947 million in remittance inflows...