The Federal Government has inaugurated the reconstituted governing council of the Nigerian Investment Promotion Commission (NIPC), tasking members with attracting investments, improving the business environment and creating jobs.
The inauguration took place on October 27, 2026, in Abuja, with Minister of Industry, Trade and Investment, Jumoke Oduwole, urging members to translate investor interest into actual projects and measurable economic benefits.
The 16-member council is expected to strengthen investment facilitation, address business bottlenecks and improve the commission’s One-Stop Investment Centre.
The government also wants closer collaboration with state governments to encourage businesses to establish and expand operations in Nigeria.
Oduwole identified manufacturing, solid minerals, energy and technology infrastructure as key sectors with investment potential.
She stressed that success should be measured by investments realised, businesses expanded and jobs created, rather than announced commitments alone.
The inauguration forms part of the Federal Government’s broader efforts to attract domestic and foreign capital, support industrial development and advance its ambition of building a $1 trillion economy by 2030.
Source: Federal Ministry of Information and National Orientation October 28, 2026.
