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NIPC links own woes to poor disbursements

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The Nigerian Investment Promotion Commission (NIPC) yesterday said poor budgetary allocations and releases were hindering its onerous responsibility of attracting foreign businesses into the country.

Its Executive Secretary, Yewande Sadiku, made the disclosure at a media briefing in Abuja.She said: ‘’Out of the N983.98 million budgeted for the commission in the 2016 budget, only N80 million was released. Also, out of N1.3 billion budget in 2017, only 980 million was disbursed while of N1.4 billion budget for 2018, N827million was gotten.”

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NIPCYewande Sadiku
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