\nThe Executive Secretary and Chief Executive Officer of the Nigerian Investment Promotion Commission, Mr. Mustafa Bello, has sought the inclusion of Joint Ventures in the regulatory scope of the Infrastructure Concession Regulatory Commission.<\/p>\n
\u201cICRC\u2019s focus on Public Private Partnership to the exclusion of Joint Ventures is something that should be reviewed in the interest of the nation. JV should be seen as a species of PPP and should not be left unregulated,\u201d the NIPC boss said on Wednesday when the leadership of ICRC paid him a courtesy visit in his Abuja office.<\/p>\n
He noted that his commission was working on some informed opinion on how government agencies could integrate their operations in such a manner that would attract foreign investments. The opinion, which he said would be made available to ICRC, would help to shape the government\u2019s investment drive process and also make the job of both NIPC and ICRC easy.<\/p>\n
\u201cWe tried the same approach with the Nigerian Custom Service and today, the outcome is not just efficient business facilitation but also enhanced revenue,\u201d he said.<\/p>\n
He called on ICRC to embrace the NIPC\u2019s One-Stop Investment Centre initiative which he said would take away pressure from the executive management of ICRC particularly in dealing with petty enquiries and routine approvals.<\/p>\n
Responding, Director General of ICRC, Mr. Aminu Diko, thanked the NIPC boss for willing to share his wealth of experience with the ICRC and noted that collaboration among government agencies was critical to the success of any development efforts of government and particularly in furtherance of the government\u2019s transformation agenda.<\/p>\n
\u201cThe One-Stop Investment Centre initiative is laudable and ICRC would be happy to understudy the concept and its operations for possible adaptation or collaboration,\u201d he said.<\/p>\n
Diko noted that ICRC was committed to the promotion of PPP and would continue to play a major role in how PPP projects were created and implemented.<\/p>\n
\u201cMore than ever before, we are focusing on building local capacity for effective PPP project development, procurement and implementation in line with best practices,\u201d he said.<\/p>\n
He therefore sought the input of the NIPC in the proposed PPP regulations to be issued by ICRC and the proposed amendments to the ICRC Act, adding that as an investment promotion agency of the government, NIPC\u2019s support was critical to the success of the government\u2019s PPP programme<\/p>\n","protected":false},"excerpt":{"rendered":"
The Executive Secretary and Chief Executive Officer of the Nigerian Investment Promotion Commission, Mr. Mustafa Bello, has sought the inclusion of Joint Ventures in the regulatory scope of the Infrastructure…<\/p>\n","protected":false},"author":1,"featured_media":18744,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_lmt_disableupdate":"","_lmt_disable":"","footnotes":""},"categories":[5],"tags":[],"class_list":["post-18743","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news"],"yoast_head":"\n