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What is the Book of States
The Nigerian Investment Promotion Commission, NIPC, is seeking to project individual Nigerian states and the investment prospects in them with the Book of States. The document is a thorough evaluation of all states in the country and will help redirect ventures misplacement in Nigeria.
The Book of States is available for download and will offer a free navigation system to all the unique investment opportunities, landmarks and trademarks in the country. It launches formally in Q1 2021 and production was supported by the Nigeria Governors’ Forum.
Navigating the Book of States in Nigeria
All states in Nigeria have its competitive advantages and the key investment opportunities which the Book of States capture.
Investors will better understand and appreciate the potentials of each 36 state and the Federal Capital Territory (FCT) in Nigeria with the book of states.
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NIPC Executive Secretary/CEO, Ms Yewande Sadiku, said that the organisation is now committed “to increasing its capacity to proactively attract investor interest to target sectors and specific opportunities across Nigeria”. The Book of Sates profiles each state with these headers:
Revenue channels for each state in Nigeria – Domestic airports, international airports, railways and seaports.
Expenditures – Budget, IGR, House consumption
States assessment and profile – Demographics, climate, population, etc.
Competitive Advantages
Investment Opportunities – Raw materials and agricultural produce
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The NIPC hopes it can get a large volume of attention from investors as it improves sub-national investment promotion with the Book of States.
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All the investments attracted to or generated in the country ultimately come into a State as the NIPC noted. Therefore, the states also need to prepare for more investments now and endeavour to retain them.
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