The Nigerian Investment Promotion Commission (NIPC) recently hosted a Business Forum in Singapore at the offices of Enterprise Singapore, the Singaporean government agency that champions enterprise development. This was as a side-line event to the Africa Singapore Business Forum (ASBF), a premier platform for business exchange and fostering trade between Africa and Asia.
In her presentation, the Executive Secretary, NIPC Ms Yewande Sadiku highlighted the on-going efforts of the Nigerian government to improve the business environment through the work of the Presidential Enabling Business and Economic Council (PEBEC) which led to the 24-point improvement in Nigeria’s ease of doing business ranking and shared details of NIPC’s work in identifying Singapore as a country of strategic importance for investment promotion.
Citing the efforts of NIPC in projecting Nigeria’s investment climate and opportunities through the online investor’s guide (iGuide), the Compendium of Investment Incentives, etc, she invited Singaporean investors to take advantage of investment opportunities in various sectors of the Nigerian economy. She also referred to NIPC’s ongoing efforts to profile investment opportunities across the country to give them more visibility. The NIPC team at the event held discussions with several potential investors.
The ASBF is a biennial event organised by Enterprise Singapore to bring together business and government leaders from Africa and Asia to explore partnership and growth opportunities.
The 2018 event, the fifth edition, was held on 28-29 August 2018 and attracted 520 delegates from 44 countries. The Forum addressed critical issues relating to doing business in Africa and identified opportunities in key sectors such as infrastructure, real estate, manufacturing, digital technology, oil and gas and projects financing in Africa. NIPC made a country presentation at the event.
Nigeria’s delegation to ASBF 2018 comprised of a mix of government officials and the private sector, including Nigeria’s Ag. High Commissioner to Singapore, Mr Ogbole Amedu Ode, the Executive Governor of Taraba State, His Excellency, Darius Ishaku, Honourable Minister of State for Industry, Trade and Investment, Hajia Aisha Abubakar, representatives of Sokoto and Ondo States, private companies such as Jumia, Olam, Tolaram.