NIPC to provide up-to-date information to investors through online portal

by | May 16, 2018

The Nigerian Investment Promotion Commission (NIPC) is set to formally launch the iGuide Nigeria — an online guide to doing business in Nigeria.

The purpose of the portal which was put together with the support of United Nations Economic Commission for Africa (UNECA) and United Nations
Conference on Trade and Development (UNCTAD).

is to provide investors with up-to-date and pertinent information about the processes, procedures as well as the basic cost of doing business in the country.

Hopefully, this will help Nigeria’s ease of doing business ranking, which according to 2018 Doing Business ranking of the World Bank, currently on the 145th spot globally (PDF), better than the 2015 ranking at 169. However, Nigeria is still behind 16 other African countries with Rwanda leading the continent at 41st position on the global ranking.

Advertisement

The portal which is currently running would be formally launched by the Minister of Industry, Trade & Investment, Okechukwu Enelamah in Abuja tomorrow, May 17, 2018.

Last year, the Vice President Yemi Osinbajo signed three executive orders, one of which is ‘the promotion of transparency and efficiency in the business environment’, which is meant to facilitate the ease of doing business in Nigeria.

The iGuide Nigeria is definitely riding on that executive order as it is expected to enable investors to make informed decisions as it has information about every aspect of starting and running a business in Nigeria.

The cost of some utility services is listed on the portal. And every state of the nation has an individual socio-economic profile with the appropriate contact information for investors.

Yinka Awosanya
Yinka Awosanya

Mobile & African Tech Enthusiast │ Data Analyst │ Music

Advertisement

On January 22, 2022, be part of the largest gathering of innovators, startup founders, thinkers, programmers, policymakers, and investors in West Africa. Register free.

Subscribe
Notify of
guest
0 Comments
Inline Feedbacks
View all comments

Recent News

Subscribe to Techpoint Digest!

A daily 5-minute roundup of happenings in African and global tech, sent directly to your email inbox, between 5 a.m. and 7 a.m (WAT) every week day!

Please check your email to confirm your subscription.

Subscribe to Crypto Explorer

A monthly series featuring in-depth analysis on the cryptocurrency sector in Africa

Please check your email to confirm your subscription.

Subscribe to The Experts

A bi-weekly where tech career specialists take us on their journey from newbie to expert, and how they became successful in the industry.

Please check your email to confirm your subscription.

Subscribe to Founder's Table

A monthly series, where we catch up with founders in the startup ecosystem, learn about their failures, successes and a few tricks of the trade

Please check your email to confirm your subscription.

Copy link
Powered by Social Snap