Nigeria Receives Over 100 Foreign Investors In Just 7 Months

The Executive Director, Nigerian Investment Promotion Commission (NIPC), Mrs Uju Baba, has revealed that more than 100 foreign investors had visited the country between June and December, 2015.

Mrs. Baba, who disclosed this in an interview with the News Agency of Nigeria in Abuja, said Nigeria is now one of the top investment destination in Africa.

She admitted that the investment business was a slow at the moment, adding, "because we are going through post election period, government activities have slowed down to certain extent and that affects the investment climate. 

"Many investors are coming on exploratory visit to find out what Nigeria can offer to them. So, from June to December 2015, we received more than 100 exploratory visits."

She said that since the appointment of ministers by President Muhammadu Buhari, the country had received different set of investors with serious intentions.

“They are no more on exploratory visit, they are coming to the commission to facilitate meetings with the various sectors and ministries," Mrs Baba said.

She said investors had confidence in Nigeria's investment climate despite challenges they may encounter.

The director called on the investors to go through the commission for proper legal framework as the present administration is very serious with issues of rule of law and due process.