Nigeria, UNIDO Inaugurate Investment Monitoring Platform In Nigeria The United Nations Industrial Development Organisation (UNIDO) in collaboration with the Federal Ministry of Industry Trade and Investment (FMTI) and other stakeholders has inaugurated an Investment Monitoring Platform (IMP) in Nigeria. The other stakeholders are the Nigerian Investment Promotion Commission (NIPC) and the Small and Medium Enterprise Development Agency of Nigeria (SMEDAN). Mr. Patrick Kormawa, UNIDO Regional Director and Representatives in Nigeria at the launch of the platform on Monday in Abuja said "the platform benefit in summary is that it will promote investment, wealth creation and jobs provision in Nigeria”. The UNIDO representatives said "the IMP is an interactive online investment software developed by Microsoft for UNIDO that enables users to monitor investment trends, opportunities and impact". He said "It contains data from more than 7000 companies in 19 African countries and provides a unique opportunity for research and policy advocacy in an empirically sound manner”. Mr. Kormawa said that the data would support the Federal Government through FMTI, NIPC, SMEDAN and other institutions to monitor trends in investment flows, and measure their impact on the economy. According to him the platform will target quality investors, and advocate for evidence-based interventions and policy proposals. The platform is expected to shift from the traditional Investment Promotion Authority role of `marketing the country as an investment location to making institutions true agents in the development process. "IMP will also attract quality investment in productive sectors and support investors through an innovative set of support services,’’ he stated. Mr. Samuel Ortom, Minister of State for Trade and Investment said the ultimate goal of the present administration remained the development of industry to create jobs, create wealth and diversify the economy. He said "with the platform Nigeria will now have access to reference data from other emerging markets which companies can assess their strengths and weaknesses in comparison with similar companies in other countries". "The IMP provides information opportunities to evaluate supply chains, and understand where opportunities exist to capture value in the industrialisation process". "It will also provide opportunities for partnership promotion and other form of business collaboration”. He said the platform would make government policy recommendations evidence based in Nigeria and become empirically driven Source :#FrontiersNews
Posted on: Tue, 16 Jul 2013 17:48:08 +0000
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