One of the top Nigerian financial solution providers, Greenwich Merchant Bank and NIPC partner to grow and promote investment initiatives in the country. An official partnership agreement was signed on 28th Monday, February 2022.
The collaboration between Greenwich Merchant Bank (GMB) and the Nigerian Investment Promotion Commission (NIPC) aims to encourage and promote both domestic and foreign investment initiatives in Nigeria.
About Greenwich Merchant Bank and NIPC
Greenwich Merchant Bank (GMB) is a world-class merchant bank that is owned by reputable corporate and private investors. The bank’s headquarters are in Lagos, Nigeria. And it focuses on providing high-end financial products and services to a select clientele in specific sectors of the economy.
Corporate Banking, Private Banking, Investment Banking, Asset & Wealth Management, Treasury & Global Markets, and Securities Trading are all part of their operations.
Nigerian Investment Promotion Commission was established by the Nigerian Investment Promotion Act Chapter N117 Laws of the Federation of Nigeria 2004. To encourage, promote and coordinate investments in the Nigerian economy.
NIPC initiates and supports measures to improve the investment climate in Nigeria for both Nigerian and non-Nigerians. They gather, compile, analyze, and disseminate information about investment opportunities and sources of investment capital. They also advise on the availability, choice, or suitability of partners in joint-venture projects upon request.
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Why Greenwich Merchant Bank and NIPC Partner
Because of Nigeria’s lack of consistent, long-term, and sustainable financing, these two organizations joined forces to offer a solution.
According to GMB, they are committed to help structure and raise long-term capital for diverse investments in Nigeria. And its partnership with NIPC will help carry out a number of initiatives. This will help to position Nigeria as Africa’s preferred investment destination of choice.
Mr. Bayo Rotimi, Managing Director of Greenwich Merchant Bank, expressed his excitement about fostering and building an ecosystem for investment collaborations to thrive in Nigeria. This was during the signing ceremony in Abuja.
He said, “As a financial solution provider, Greenwich Merchant Bank understands the importance of strategic alliances, especially the ones that cater to improve our socio-economic development in the country.
We are very excited and optimistic about this partnership as we both intend to cover significant activities that will focus on our core services and offerings to both domestic and foreign investors.”
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What The Partnership Is Expected To Bring
- Support the Nigerian economy in the area of infrastructure development
- Economic diversification through its bespoke financial solutions
- Raise long term capital for diverse investments in Nigeria
- Encourage both local and foreign investments
- Assist incoming and existing investors by providing support services
As Greenwich Merchant Bank and NIPC Partner, more successful investments can be recorded. And this will inevitably contribute to the growth of the Nigerian economy.