NIPC

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The basic functions and powers of the NIPC are as prescribed by Act 16 of 1995. The Commission has perpetual succession and a common seal, which is specially established, among other things, to:

  • Co-ordinate, monitor, encourage and provide necessary assistance and guidance for the establishment and operation of enterprises in Nigeria ;
  • Initiate and support measures which shall enhance the investment climate in Nigeria for both Nigerian and non-Nigerian investors;
  • Promote investments in and outside Nigeria through effective promotional means;
  • Collect, collate, analyse and disseminate information about investment opportunities and sources of investment capital and advise on request, the availability, chance or suitability of partners in joint-venture projects;
  • Register and keep records of all enterprises to which the NIPC Act legislation applies;
  • Identify specific projects and invite interested investors for participation in those projects;
  • Initiate, organise and participate in promotional activities such as exhibitions, conferences and seminars for the stimulation of investments;
  • Maintain liaison between investors and Ministries, government departments and agencies, institutional lenders and other authorities concerned with investments;
  • Provide and disseminate up-to-date information on incentives available to investors;
  • Assist incoming and existing investors by providing support services;
  • Evaluate the impact of the Commission on investment in Nigeria and recommend appropriate remedies and additional incentives;
  • Advise the Federal Government on policy matters, including fiscal measures designed to promote the industrialisation of Nigeria or the general development of the economy;

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