NIPC’s Single Window Investors’ Portal Becomes Operational Next Year

The Nigerian Investments Promotion Commission has said that it’s Single Window Investors Portal that would facilitate business and investments in the country would be available by the first quarter of 2021.

The Head of Corporate Services Division, NIPC, Mr Sabo Isiaku, disclosed this in Abuja, at the NIPC Media Retreat organised for Commerce and Industry Correspondents’ Association of Nigeria.

He said that the portal, which was being programmed to serve in response to the impact of the COVID-19 pandemic, would have four components.

They are Pioneer Status Incentive, Investor Relationship Management, Investment Profiling, and the One Stop Investment Centre

He said under the initiative, all services offered at the One Stop Investment Centre would be automated and there would also be an online business registration, payment, work flow-based review and tracking features.

He said the portal would also automate applications for incentives administered by NIPC, starting with Pioneer Status Incentive.

Isiaku called for a friendly business environment and more funding for the NIPC to execute its mandate because investment promotion depended on the provision of a conducive business environment and facilitation of strong macro-economic conditions.

The NIPC Director of Investment Promotion, Mr Adeshina Emmanuel, in a presentation, said the commission had recently launched a One Stop Investment Platform for Renewable Energy and Energy Efficiency developed within the framework of the Nigerian Energy Support Programme.

NESP II is a Technical Assistance programme, co-funded by the EU and the German Government and implemented by the Deutsche Gesellschaft für Internationale Zusammenarbeit, in collaboration with the Federal Government.

The OSIP digital platform was designed to provide easy access to relevant information for investors in renewable energy and energy efficiency in Nigeria, as well as provide technical, regulatory, and economic information, aimed at de-risking projects and scaling up investments.

Adeshina also stated that the platform, built through a public, private and financial sector partnership, would be jointly manned by the NIPC, the Rural Electrification Agency and the Federal Ministry of Power.

He added that OSIP included an overview section about the Nigerian renewable energy and energy efficiency sector and investment opportunities, in addition to having a networking tool for investors to interact with public and private stakeholders, and an energy efficiency calculator for commercial, residential buildings and industries.