The Commission for the Promotion of Investment in Nigeria was established by the Nigerian Investment Promotion Act Chapter N117 Laws of the Federation of Nigeria 2004. This is to motivate, promote, and coordinate investments in the Nigerian economy. This commission was given its responsibilities by the Nigerian Investment Promotion Act. Its vision is to be the preeminent investment promotion agency in emerging markets. It is aimed at actively positioning and developing Nigeria as a preferred investment haven for both local and foreign investors. Some of its core values are accountability, anonymity, discipline, impartiality, integrity, meritocracy, patriotism, political neutrality, professionalism, transparency, etc. The commission is in charge of collecting, compiling, evaluating, and disseminating information as regards investment prospects and sources of investment funds. It also provides advice regarding the availability, choice, or suitability of joint-venture project partners upon request. It maintains an open line of communication between investors and the ministries, departments, and agencies of the government, as well as institutional lenders and other authorities connected with investments. Its goals are synonymous with the achievement of the Act’s goals. The official website of the commission is https://nipc.gov.ng/.
If you are looking to access the services offered by the commission or are just interested in learning about the agency and all it can offer you. This is a detailed article on the Nigerian Investment Promotion Commission and other information you need to know. You can visit the site for more information on the commission and how it operates.
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Businesses cooperating with this organization
The commission works with all kinds of companies, as well as international investors to promote more investments in the country, particularly from foreigners.
Services offered
NIPC is the government agency responsible for the coordination and monitoring of all investment promotion activities under its Act. Some of the services it provides are as follows: Establish and support actions, which improve the investment climate in Nigeria for all kinds of investors
- Encourage investment from within the country and abroad via quality productive promotional tools
- Register and maintain records of businesses that fall under the purview of its Act
- Make project decisions and offer invites to investors interested in participating in such enterprises
- Promote investment activity through trade exhibitions, conferences, and seminars
- Ensure that up-to-date information on various financial incentives available to investors is extensively communicated.
- Provide support services to be of assistance to both prospective and current investors, etc.
Description of the organization
NIPC is in charge of activities such as encouraging investment in the country, issuing licenses and permits, and providing investors with services to support their businesses. It maintains an open line of communication between investors and the ministries, departments, and agencies of the government. Also, institutional lenders and other authorities connected with investments. It offers the government pieces of advice on various policy problems, such as fiscal measures that are aimed to support the general development of the economy. The commission carries out an analysis of the role it continues to play in attracting investment to Nigeria.
Official website
NIPC carries out duties that are assigned to it by the Nigerian investment promotion Act. Its goals are synonymous with the achievement of the Act’s goals. The official website of the commission is https://nipc.gov.ng/.
Cooperation with businesses
The commission provides businesses with support and information regarding the many different investment possibilities and incentives that are available to businesses that are interested in participating. It establishes conditions that are beneficial for investments coming from other countries as well as joint ventures. In addition, it offers training as well as technical assistance to proprietors of businesses, guiding them through the process of confirming their operations to the necessary legislation.
