NIPC Targets Fintech, Agri-Tech, Renewable Energy For Investments

The Nigerian Investment Promotion Commission (NIPC) has outlined plans to focus on fintech, agri-tech, and renewable energy sectors in its bid to position Nigeria as a hub for technology and innovation investments.

Executive secretary and CEO of NIPC, Aisha Rimi, made this disclosure during a media briefing in Abuja at the weekend. She revealed that one of the Commission’s upcoming initiatives will focus on these key sectors, which are seen as critical to driving economic growth and attracting international investments.

“We are committed to advancing these sectors through the promotion of initiatives that will encourage tech-based companies to establish operations in Nigeria,” Rimi said. “We will advocate for incentives that appeal to these companies and help position Nigeria as a destination of choice for innovation-driven investments.”

Acknowledging the global shift toward sustainability, Rimi highlighted NIPC’s focus on promoting eco-friendly projects that align with the nation’s sustainable development goals. “Partnering with investment bodies focusing on sustainability will be pivotal in enhancing Nigeria’s appeal to socially responsible investors and advancing the green agenda,” she stated.

She further explained that the collaboration between NIPC’s initiatives, President Bola Tinubu’s 8-Point Agenda, and the Nigerian Investment Certification Programme for States would position Nigeria on a path to sustainable economic growth. “Together, we can champion Nigeria’s investment narrative and foster a future characterised by innovation, partnership, and sustainable growth,” she added.

As part of her achievements, Rimi disclosed that NIPC has launched several capacity-building programmes in collaboration with international donor agencies. These initiatives aim to enhance the skills of local entrepreneurs and equip them with the tools necessary to compete on both the national and global stages, ultimately contributing to a more favorable investment climate. “These programmes are aligned with President Tinubu’s administration’s commitment to human capital development as a key driver of national growth,” Rimi noted.

On strategic collaborations, Rimi assured that NIPC would continue to work closely with Ministries, Departments, and Agencies (MDAs), sub-national governments, and their respective investment promotion agencies, as well as international partners. “By engaging with various donor agencies, we have accessed funding and technical support for investment promotion activities,” she said. “This collaborative approach allows us to leverage international expertise and resources to boost the effectiveness of our human capital and initiatives.”

She also pointed out that NIPC’s partnerships with organisations such as JETRO, JICA, UNDP, GIZ, and UNIDO have helped enhance the impact of its work, allowing Nigeria to meet global standards in investment promotion.

Ms. Rimi revealed that NIPC is adopting a broader approach in promoting investments, concentrating on states with unique regional strengths. “This tailored approach ensures that investments are not just attracted but are aligned with regional strengths, thereby catalysing local economic development and complementing the broader goals of economic diversification,” she explained.

The NIPC CEO further emphasised the importance of creating a unified brand identity for Nigeria as a top investment destination. “With the media’s support, we can craft compelling narratives that highlight our successes, heritage, and the enviable potential that Nigeria offers to investors,” she said. “This will support our mission to position Nigeria as a global economic powerhouse.”