Nigerian Investment Promotion Commission (NIPC)


The Nigerian Investment Promotion Commission (NIPC) is Federal Government Agency in Nigeria established by the NIPC Act N0. 16 of 1995 to promote, co-ordinate and monitor all investments in Nigeria. 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:

(a) Co-ordinate, monitor, encourage and provide necessary assistance and guidance for the establishment and operation of enterprises in Nigeria ;

(b) Initiate and support measures which shall enhance the investment climate in Nigeria for both Nigerian and non-Nigerian investors;

(c) Promote investments in and outside Nigeria through effective promotional means;

(d) 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;

(e) Register and keep records of all enterprises to which the NIPC Act legislation applies;

(f) Identify specific projects and invite interested investors for participation in those projects;

(g) Initiate, organise and participate in promotional activities such as exhibitions, conferences and seminars for the stimulation of investments;

(h) Maintain liaison between investors and Ministries, government departments and agencies, institutional lenders and other authorities concerned with investments;

(i) Provide and disseminate up-to-date information on incentives available to investors;

(j) Assist incoming and existing investors by providing support services;

(k) Evaluate the impact of the Commission on investment in Nigeria and recommend appropriate remedies and additional incentives;

(1) Advise the Federal Government on policy matters, including fiscal measures designed to promote the industrialisation of Nigeria or the general development of the economy; and

(m) Perform such other functions as are supplementary or incidental to the attainment of the objectives of NIPC Act.