Federal Government yesterday said that measures were being put in place to ensure annual investment portfolio of $13bn. It described the United Nations Conference on Trade and Development (UNCTAD) report which put nation’s annual capital inflow at $6 billion, as unacceptable.
The Executive Secretary, Nigeria Investment Promotion Council, Mrs Uju Aisha Baba, who spoke during the inauguration of two committees in Abuja, said the unimpressive ratings had adversely affected investors’ confidence in the Nigerian economy.
According to the NIPC boss, the need to shore up the rating and make Nigeria investment hub, has compelled the federal government to revisit and review the activities of the interministerial committee constituted and inaugurate in March 2012 by the past administration.
The two committees: ‘The Business and Competitiveness’ and ‘The Investors’ After-Care’ committees which were inaugurated by the NIPC boss are charged with the responsibility of addressing Nigeria investors’ relations in order to boost the image of the country.
