• Privacy Policy
  • Terms
  • About us
  • Contact Us
  • Staff Email
Sunday, July 6, 2025
  • Login
TheMattersPress
  • Home
  • News
  • Features
  • Thematterspress
  • Multimedia
    • Audio
    • Photo
    • Video
  • About us
  • Contact Us
No Result
View All Result
  • Home
  • News
  • Features
  • Thematterspress
  • Multimedia
    • Audio
    • Photo
    • Video
  • About us
  • Contact Us
No Result
View All Result
TheMattersPress
No Result
View All Result
Home Economy/Technology

Nigeria pledges policies to promote investments, trade

Investment

The Matters Press by The Matters Press
July 13, 2023
Reading Time: 2 mins read
0
Edo unveils plans for investment desks

Abuja, July 13, 2023: The Federal Government on Wednesday in Abuja assured of policies that would promote investments and facilitate increased foreign and domestic trade.

RELATED POSTS

Atiku’s mockery of Nigeria over Trump’s invitation to 5 African nation, a display of poor knowledge of global affairs

Nigeria’s new flood insurance policy laudable, needs quick application, says TMSG

Nigeria’s approval of dual NCE, B.Ed degrees in 15 colleges of education a good omen

Dr Evelyn Ngige, the Permanent Secretary in the Ministry of Industry, Trade and Investment, made the promise at the stakeholders’ sensitisation workshop on the first Nigeria Investment Policy (2023-2027)(NInP) and Trade Policy of Nigeria (2023-2027)(TPN).

Represented by Alhaji BabaGana Alkali, the Director of Policy, Planning, Research and Statistics in the ministry, Ngige said that both policy documents would address gaps and provide strategic frameworks for investment promotion and increased trade.

According to her, the NInP and TPN represent significant milestones in our journey of economic growth and development.

She expressed the ministry’s commitment to improve domestic investment and business environment to position Nigeria as one of the world’s preferred investment destinations.

“The development of the first Investment Policy and the Review of the Trade Policy of Nigeria are useful outcomes of the sustained efforts of the ministry in this regard,’’ she said.

Ngige said that the objectives for developing the investment policy framework include fast-tracking the process of Nigeria’s economic diversification, improving investment and business climate to attract both domestic and foreign direct investment.

She said that it would improve investors’ experience and confidence through ensuring compliance with global best practices, while generating inclusive domestic growth for employment generation and wealth creation.

“Additionally, the motivation for the development of the Nigeria Investment Policy is the need for policy certainty, stability and coherence in investment-related matters.

“Policy certainty and stability are very vital in attracting and sustaining investments in the local economy.

“The NInP, therefore, provides a comprehensive and harmonised framework that consolidates investment-related regulations at the national and sub-national levels,’’ she said.

Ngige also said that the policy was also envisaged to create synergies with the objectives of other national economic frameworks and to promote Responsible, Inclusive, Balanced, and Sustainable (RIBS) Investments in the Nigerian economy.

“On the other hand, the review of the Trade Policy of Nigeria (TPN) was carried out to align the document with emerging issues in global trade.

“The TPN 2023-2027 seeks to promote trade as a catalyst for economic growth and development.

“The policy recognises the positive impact of trade on competitiveness, employment generation, wealth creation and poverty reduction as well as aligns with domestic policies that enhance productivity macroeconomic stability and promote good governance.

“The policy emphasises the creation of a trade-enabling environment to mitigate unexpected economic shocks such as the COVID-19 Pandemic, protectionism and taking advantage of emerging trends,’’ Ngige said.

She expressed optimism that the policies would address the challenges that hindered Nigeria’s trading and investment competitiveness at the global level.

“With these policies, we are now set to diversify our export base, develop a flourishing domestic market, promote “Made-in-Nigeria” products, enhance market access and increase investment and trade competitiveness,’’ Ngige said.

On his part, Dr Ezra Yakusak, the Executive Director, Nigerian Export Promotion Council (NEPC) said the policy documents came at the appropriate time when there is need to maximise Nigeria’s vast potential to promote sustainable economic growth.

Tags: Investment
ShareTweetPin
The Matters Press

The Matters Press

Related Posts

Drop your frustration, let President Tinubu be, Group picks on Atiku
Economy/Technology

Atiku’s mockery of Nigeria over Trump’s invitation to 5 African nation, a display of poor knowledge of global affairs

July 5, 2025
Veritas Kapital’s total assets hit N21.4bn
Economy/Technology

Nigeria’s new flood insurance policy laudable, needs quick application, says TMSG

July 4, 2025
Salvaging basic education from ruins of Boko Haram war in Borno
Economy/Technology

Nigeria’s approval of dual NCE, B.Ed degrees in 15 colleges of education a good omen

July 3, 2025
Group hails Presidential Council initiative, welcomes President Tinubu’s N2tn stabilisation package
Economy/Technology

Nasarawa showcases efficient use of fuel subsidy savings, exposes futility of Tinubu’s opposition’s mischief – TDF

July 1, 2025
Property owners besiege FCT office to pay ground rent
Economy/Technology

Transformational in FCT in line with Tinubu’s Renewed Hope agenda

June 30, 2025
China’s agricultural wholesale products prices continue to drop
Agriculture

Ignore Atiku’s claim to dilute historic mechanised farming deal with Belarus

June 29, 2025
Next Post
Nigeria, Equatorial Guinea in talks to boost gas production

Gas development is priority for Tinubu’s administration – Presidency

Commission plans to liberate 38% illiterate Nigerians

Tinubu’s request of N500 bn for palliatives to Nigerians commendable – expert

Recommended Stories

Nigeria gets AfDB’s $14m as member of ATI

AfDB, partners to work on Zimbabwe’s debt clearance plan

July 14, 2022
Buhari, Osinbajo take oath of office

Court orders Buhari to defend qualification

June 25, 2019
East African leaders worry over situation in DRC

East African leaders worry over situation in DRC

February 1, 2025

Popular Stories

  • Rising prices of goods cause protests in Morocco

    Rising prices of goods cause protests in Morocco

    0 shares
    Share 0 Tweet 0
  • NLNG not responsible for gas supply shortfall, price hike

    0 shares
    Share 0 Tweet 0
  • NCC sets fresh operational fees, spectrum prices for telecom operators

    0 shares
    Share 0 Tweet 0
  • Hoarding causes hike in prices of grains

    0 shares
    Share 0 Tweet 0
  • Prices of Petrol, diesel increase in November

    0 shares
    Share 0 Tweet 0
TheMattersPress

We bring you the best news update in Nigeria

LEARN MORE »

Recent Posts

  • Atiku’s mockery of Nigeria over Trump’s invitation to 5 African nation, a display of poor knowledge of global affairs
  • Nigeria’s new flood insurance policy laudable, needs quick application, says TMSG
  • Nigeria’s approval of dual NCE, B.Ed degrees in 15 colleges of education a good omen

Categories

  • Agriculture
  • Economy/Technology
  • Energy
  • Entertainment/sports
  • Features
  • Foreign
  • Multimedia
  • Natural Resources
  • News
  • Oil and Gas
  • Photo
  • Politics
  • Security
  • Thematterspress
  • Uncategorized
  • Video

© 2025 Domo Tech World - Powered by Thematterspress.

No Result
View All Result
  • Home
  • News
  • Features
  • Thematterspress
  • Multimedia
    • Audio
    • Photo
    • Video
  • About us
  • Contact Us

© 2025 Domo Tech World - Powered by Thematterspress.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
Call Us