Nigeria

Nigeria

Adopts the Nigeria Investment Policy

10 May 2023

On 10 May 2023, the Government of Nigeria approved for implementation the first ever Nigeria Investment Policy, with the stated aim of giving investors more comfort and attract more investment into the economy. The investment policy primarily focuses on investment promotion, investment facilitation and sustainable development. It also promotes responsible investor conduct for sustainable development by influencing investor behaviour in compliance with globally acceptable standards relating to the environment, human rights, health, labour, safety, corporate social responsibility and anti- corruption. UNCTAD assisted the Government of Nigeria as technical partner in the formulation of the policy.