The Nigerian Investment Promotion Commission, NIPC has expressed its willingness to partner the Port Harcourt Chamber of Commerce, Industry, Mines & Agriculture (PHCCIMA) to attract foreign investors with viable investments into Nigeria.
Specifically, the NIPC said it will facilitate submission of viable and bankable project profiles of PHCCIMA members for matchmaking with foreign investors.
Consequently, the Commission has requested for database of credible businesses in Rivers State to ensure they benefit from its support and incentives.
The Commission made the promise when the President of PHCCIMA, Dr. Emi Membere-Otaji led a business delegation to the NIPC in Abuja recently, as part of the Chamber’s efforts to open new vistas and frontiers that will help realise set objectives and meet the needs and aspirations of its membership.
Speaking during the visit, Membere-Otaji said that the visit to NIPC by the PHCCIMA business delegation was in response to the call for diversification of the Nigeria’s economy following the current economic depression, occasioned by the sudden collapse of oil revenue. He said the plummeting oil prices was affecting not just PHCCIMA members but others doing business in Nigeria’s oil and gas sector.
He said: “The PHCCIMA has come to identify with the clarion call for diversification, hence we are here seeking collaborations with NIPC on how to harness opportunities to diversify members businesses and uplift them to the next level of increased business activity and volume.”
He noted that Port Harcourt was created over 100 years ago as a shipping hub for easy exportation of goods such as coal, agricultural produce etc and expressed the regret over the abandonment of this statute since the emergence of oil & gas. Other members of the delegation commended the NIPC for the gesture. They also urged the government to provide enabling environment and put in place policies that will make businesses to thrive as well as the removal of impediments to exports like high tariffs at the ports.
Responding, the acting Executive Secretary of NIPC, Ms. Ladi Katagum stated that the visit was long overdue given that the Chamber of Commerce as the mouthpiece of the organised private sector is a reliable partner of NIPC.
She said: “The agency is open to collaboration with PHCCIMA especially in its statutory objective of; effectively promoting Nigeria’s investment potentials, efficient facilitation of investments to fast-track entry processes, advocacy for favourable and stable investment environment, provision of technical advice on linkages, joint venture partnerships, provision of information on investment incentives and coordination of the one stop investment centre (OSIC).”