The National President of the Nigerian Association of Chambers of Commerce, Industry, Mines, and Agriculture (NACCIMA), Dele Kelvin Oye, has called for a comprehensive overhauling and strengthening of Nigeria’s Investment Promotion Agencies (IPAs) to attract quality investments into key sectors of the economy.
Oye, who is also the chairman of the Organised Private Sector of Nigeria (OPSN), emphasised the urgent need to enhance institutional capacity and promote collaboration among federal and state IPAs to unlock Nigeria’s vast economic potential.
He made this call at the Nigerian Investment Promotion Commission Summit held in Benin City, Edo State.
Oye said: “We are gathered to deliberate on how Investment Promotion Agencies (IPAs) can enhance their institutional capacities and facilitate collaborations that will ultimately attract impactful investments into Nigeria’s vital sectors.”
Oye remarked that Nigeria’s investment landscape presents both opportunities and challenges, adding that Nigeria holds immense potential for investors as the largest economy in Africa, which is endowed with a burgeoning population and an expanding middle class.
He said: “Government can implement public-private partnerships to deliver utility infrastructure in strategic sectors.”
