The Honourable Minister of Industry, Trade, and Investment, Dr Doris Uzoka-Anite, received the first ever Nigeria Investment Policy document on Thursday from her Ministry’s Permanent Secretary, Dr Evelyn Ngige.
According to the Minister, the policy, which was approved for implementation on May 10, 2023, is aimed at providing investors with greater comfort and attracting more investment into the country in order to further improve its economy.
The Minister also stated that the investment policy focuses primarily on investment promotion and facilitation, as well as long-term economic development.
It also promotes responsible investor conduct for sustainable development by influencing investor behaviour in compliance with globally acceptable standards relating to the environment, human rights, health, labour, safety, corporate social responsibility and anti- corruption.
According to the Ministry, the policy formulation is assisted by the United Nations Conference on Trade and Development (UNCTAD) as a technical partner.
The policy is also aimed at growing strength of businesses in Nigeria and creating the enabling environment for additional businesses to grow Nigeria’s foreign exchange and restore her place in the comity of nations.
“As I embark on this journey, I intend to conduct a thorough research on the investment policies we have in the country while looking for ways to harness them for the good of the country.
“I am eager to delve deep into the investment policies that our country currently has in place. I believe that by conducting thorough research and analysis, we can identify ways to harness these policies for the greater good of our nation.
“I am excited to explore potential opportunities and strategies for utilizing our existing investment framework to drive positive change and progress,” the Minister said.
On her part, Dr. Ngige expressed confidence in the Minister’s handling of the policy and called on Nigerians at home and in the diaspora to throw their weight behind the Minister.