NIPC Leads Discussion at the Ogun State Investment Forum

The Ogun State investors forum with the theme “Consolidating the gains, accelerating growth.” was held by the 20th and 21st March 2018. The forum had in attendance the Ministers of Finance, Agriculture, captains of industries, CEOs and potential investors.

The forum was declared open by the Vice President Yemi Osinbajo. In his opening remarks he stated that there is a strong relationship between what the Federal Government and Ogun State are doing in terms of infrastructural development, improvement in revenue generation, diversification of the economy and investments. He further stated that there is a giant leap by Ogun State in terms of Agriculture and industrialization.

Yewande Sadiku, Executive Secretary of Nigeria Investment Promotion Commission (NIPC) who moderated the plenary session on day 2 of the event started by saying that the object of NIPC is to work actively with the state government, the state Investment Promotion Agency, investors, foreign embassies and Nigerian embassies abroad to drive investment into country.

She closed the session by informing the audience that on the Ease of Doing Business ranking the Commission is looking out for the 2018 announcement from the World Bank and believes that there will been material improvement in the rankings. Over the years, Ogun state has moved from 25th to 5th in the ranking.

At the opening of the event, the State governor, Sen. Ibikunle Amosun in his address noted that the Forum was meant to chart a course for further socio-economic development of the state.

Amosun said the theme for this edition was to build on the successes of the past giving another opportunity to map-out new and improved strategies that will not only deepen the benefits of previous editions but create new opportunities. He disclosed that the state attracted 148 new industries that invested between a minimum of $200 million and in excess of $2 billion in the past seven years. He further noted that the state government had improved the enabling environment for business to thrive. “No investment can flourish in an unsecure environment. We made significant investments in our security infrastructure and architecture and built strong collaborations with security services, to guarantee the security of lives and property,” he said.

Source: NIPC