CAC Partners with Pakistani Investors for Foreign Direct Investment

Pakistani investors and The Corporate Affairs Commission (CAC) has incorporated a partnership aimed at attracting foreign direct investment (FDI) into the Nigerian economy.

Rasheed Mahe, Head of Media of CAC revealed that the CAC has initiated an investment mechanism to allure Pakistan investors, This initiative will be corroborated the provisions of Companies and Allied Matters Act (CAMA 2020).

This law was the legal basis for  The Corporate Affairs Commission in 1990, Further modifications led to the re-enaction under the Buhari administration.

Alhaji Garba Abubakar, CAC Registrar-General, reiterated that CAC would intensify efforts to help Nigeria pursue economic diversification and woo foreign investors.

“In pursuance of the national economic objectives, CAC, on the invitation of the Pakistan High Commission in Nigeria, actively participated at the just concluded 2nd Pakistan Africa Trade Development Conference & Single Country Exhibition held in Lagos.

“The 3-day event, which was declared opened by the Lagos State Governor, Babajide Sanwo olu had in attendance the Minister of Industry, Trade & Investment Otunba Niyi Adebayo, the High Commissioner of Pakistan in Nigeria, NAFDAC Director General, Prof. Moji Adeyeye and members of the diplomatic corps amongst others.”

Mahe further stated, The event which witnessed the presence of Pakistani business community, also drew over 100 exhibitors,

He said that the 3-day event was aimed at unveiling to the Pakistani business community the huge investment opportunities in Nigeria to enable them leverage on, and to also exhibit their products and services.

Some of the participants who spoke at the event described the interface with their Nigerian counterparts as highly beneficial, and pledged to utilize the opportunity provided by the forum.

No fewer than 30 new exhibitors indicated their readiness to set up their companies in Nigeria after interacting with the CAC officials.