The Lagos State government’s investment promotion agency, the Office of SDGs & Investment, also known as Lagos Global, has expressed interest in participating in the Nigerian Investment Certification Program for States (NICPS), which is led by the Nigerian Investment Promotion Commission (NIPC).
Mrs Abosede George, Permanent Secretary, Lagos Global, stated this while receiving NIPC’s Head, South West Zonal Office (SWZO), Mr Hassan Lawal, and his team at her office on Wednesday.
While informing Lagos Global about the benefits of participating in the NICPS, Mr Lawal stated that the program will allow Lagos to efficiently market her investment opportunities and promote clear opportunities to investors.
Mrs George stated that work on digitizing applications for land permits and obtaining taxes had already begun at Lagos Global and the Lagos State government in preparation for the certification program.
She also stated that by March of this year, One Stop Shops will be opened in three locations in Lagos State: Victoria Island, Lekki, and Ikeja.
The Lagos State government, she claims, will also implement tax breaks. She also revealed that the Lagos Global team is working on implementing a robust Customer Relationship Management (CRM) tool to streamline process handling, make doing business easier, and encourage investment in the state.
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Mr. Lawal also advocated for more fruitful collaborations with State Investment Promotion Agencies (IPAs). He claimed that the State IPAs should raise awareness about various business reforms being implemented in their respective states.
Remember that NIPC launched the NICPS to certify participating states on their ability to meet the expectations of investors in three areas: information, property, and marketing.
Since the program’s inception in 2016, only three states have received certification for meeting the aforementioned standards.
