Agency decries funding constraints
The Executive
Secretary, Nigerian Investment Promotion Commission (NIPC), Mustapha
Bello, on Monday in Abuja decried the commission’s poor state of
funding and said it needs N2 billion annually to function effectively.
Mr Bello revealed
that the commission was not funded in 2010,and this has has not allowed
it to attract investment through awareness. He said that the agency
have had to rely on the support of the private sector to fund most of
its programmes and activities.
He said, ‘‘We have tasked the private sector so much since I came in here, but it appears they are getting tired of helping’’.
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