Difficulty in accessing land hindrance to investment – NIPC

The Nigerian Investment Promotion Commission (NIPC) has identified difficulty in accessing land as a major hindrance to investments in states.

The Executive Secretary of (NIPC), Mrs. Uju Aisha Hassan-Baba disclosed this during her visit to the Governor of Kogi State, Captain Idris Wada Thursday at Lokoja.

She called on state governors to make easy access to land for investors who want to set up their businesses, describing acquisition of land as part of hindrances militating against the free inflow of investment in the country.

The visit according to her is in furtherance of the Commission’s desire to create a synergy between the States of the Federation and the Commission in order to promote investments.

Mrs. Uju Hassan Baba noted that investment potentials are domiciled in the states and most investors who have indicated interest to invest in one sector or the other find it impossible to acquire land on time after meeting all other obligations to set up their businesses, stressing that “location of investment in the state will enhance the growth of the economy, create wealth and generate employment for the indigenes of the state.”

The NIPC boss further called on the governor to advice investors coming to the state to pass through the Commission, as it the agency of the Federal Government that has the legal framework on all investment related matters through registration of their enterprise, provision of adequate information, incentives and aftercare services.

She also enjoined the state governor to work in collaboration with the Commission to promote the abundant investment opportunities in the state to the outside world in order to seek for genuine investors for match-making.

She urged the state governor to leverage on the Commission in setting up their State One Stop Investment Centre, as the Commission has the expertise and technical know-how to administer such activity.