It would also look at barriers to attracting significant investment among others. In an interview with NAN, said that the council had recommended a projection of the nation's image locally and internationally to attract more investment. "We have a compelling story to tell as a nation in view of the investment potential and opportunities and we need to get the story out to the world," he said. Aganga said that previous recommendations by the council had been followed by government and added that the council would be updated on the Petroleum Industry Bill and state of security in the country. The two-day meeting of the council is being coordinated by Baroness Lynda Chalker, a former UK Minister of State at the Foreign Office. The meeting will also feature a review of Nigeria’s existing investment policies by the Organisation for Economic Cooperation and Development. The Paris-based international organisation is dedicated to the promotion of policies that will improve the economic and social well-being of people around the world.
Also, the Minister of Power, Prof. Chinedu Nebo, told NAN that there was an increased interest by investors in the power sector, especially in the area of green field power projects. "We now have 60 applications for power purchase agreement which is indicative that so many people want to invest in the power sector. “They are also interested in the transmission which means we have to develop a legal framework that will be cost reflective with tariffs that will include billing charges so that those who invest in transmission can recover their investment as well," Nebo said. Also, governors Emmanuel Uduaghan of Delta and Kashim Shettima of Borno as well as the ministers of Finance, Petroleum, Trade and Investment and Information and Technology are expected to brief the council on their responsibilities. The council was established in 2004.