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The Nigerian Investment Promotion Commission (NIPC) said it facilitated over $10 billion investment commitments in 2025.
Aisha Rimi, NIPC’s executive secretary, during a media parley on Thursday in Abuja, said it also supported the creation of more than 5,000 direct jobs across key sectors of the economy in the period.
Ms Rimi said capital importation rose significantly during the year, with $5.2 billion recorded in the first quarter of 2025, up from $3.4 billion in the corresponding period of 2024.
The executive secretary, represented by Abubakar Yerima, director, strategic services, said total inflows in the first half of the year reached 10.23 billion.
She said the commission facilitated nearly 100 company incorporations, processed hundreds of investor inquiries and approved expatriate quotas, as part of efforts to ease doing business.
According to her, 17 companies were granted pioneer status incentives in the second quarter, mobilising about $809.57 billion in capital investments and creating over 3,000 direct jobs.
The NIPC boss said that additional approvals in the third quarter generated more than 2,400 jobs.
Ms Rimi said NIPC also enhanced digital investment platforms, strengthened subnational investment promotion, and expanded Nigeria’s visibility through global engagements.
Ms Rimi said this included the Africa Chief Executive Officer Forum, BRICS platforms and bilateral business forums.
She further said the commission was preparing to transition to the economic development incentive framework by January 2026, in line with the new tax law.
Ms Rimi said that NIPC would in 2026 focus on scaling investment facilitation, strengthening state-level competitiveness, improving investor aftercare and deepening partnerships to convert investment interest into tangible economic outcomes.
She thanked the media for their continued collaboration in projecting Nigeria as a competitive investments destination.
The executive secretary, then, reaffirmed NIPC’s commitment to transparency, accountability and partnership with the media in promoting Nigeria’s investment story.
Ifeanyi Onuba, chairman, Commerce and Industry Correspondents Association of Nigeria (CICAN), commended the NIPC for strengthening engagement with the media to promote transparency and Nigeria’s investment climate.
Mr Onuba said the parley was a vital platform for enhancing collaboration between the media and the Commission.
According to him, accurate and timely reporting remains critical to building investor confidence and projecting Nigeria as a competitive investment destination.
He reaffirmed CICAN’s commitment to supporting NIPC’s mandate through professional reporting and urged journalists to use the engagement to share ideas and deepen partnerships aimed at driving inclusive economic growth.
(NAN)
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