NIPC, Iranian agency partner on influx FDI into Nigeria

The Nigerian Investment Promotion Commission (NIPC) and the Iranian Ministry of Industry, Trade and Mines have promised to work together to attract investments into the Nigerian economy.
The Executive Secretary of the NIPC, Mrs. Saratu Umar, and the Vice Minister of Iranian Ministry of Industry, Mine and Trade, Mr. Valiollah Afkhami, who met in Abuja yesterday, both stressed the need for the two agencies to partner on promoting Nigeria’s investment opportunities to Iranian investment community.

The Iranian Minister, who doubles as the President of Trade Promotion Organisation of Iran (ITPO), led some investment delegation from Iran to Nigeria on a fact finding mission.
The delegation indicated interest in Mines, Information and Communication Technology and Pharmaceutical sectors.
Briefing the Minister and the delegation, Mrs Umar expressed her appreciation to the delegation for showing interest in Nigeria.

She assured that the investment climate of the country was conducive and friendly.
She further assured that the Commission, as the foremost investment promotion agency, was very ready to attract and facilitate foreign investments into the country.

She promised to assist the Iranian investors by providing relevant information that would guide them in making their investment decisions and also provide both pre and after care services.
The NIPC boss also took time to take them on a tour of One Stop Investment Centre (OSIC) facilities of the commission, enjoying  them to register their individual companies with the Commission.

Earlier, the Minister of Industry, Mine and Trade of Iran, Mr. Valiollah Afkhami, informed that they were in the country to get first-hand information on Nigeria investment climate and seek for possible collaboration with NIPC.

He disclosed that there were about 30 Iranian Companies presently operating in the country, stressing that more Iranian investors were desirous to invest in the country.

He called for closer working relationship between his Ministry and NIPC to attract more investment from Iran to Nigeria.