The operations of the One Stop Investment Centre (OSIC) formally commenced with the official commissioning of the Centre by His Excellency, the President of the Federal Republic of Nigeria on Monday 20th March, 2006. The Centre is established by the Federal Government to march the growing interest of Investors in our economy.

The establishment of the Centre is a major public sector reform initiative based on investment facilitation mechanism, where relevant government Agencies and Ministries are brought to one location, coordinated and streamlined to provide efficient and transparent services to Investors. This is achieved by re-engineering Agencies’ processes, procedures and requirements for granting business entry permits, licenses and authorizations, making them simpler, shorter, transparent and responsive to the needs of the Investors.

Objectives of the Centre:

The objectives of the Centre (OSIC) include the following:

* To substantially reduce the cost of entry into Business in Nigeria.

* To simplify procedural steps for obtaining business approvals.
* To shorten service delivery time without undermining the policy objectives of the participating Agencies/Ministries.

* To ensure transparency.

* To provide Investment Information and Advice to Investors promptly

* To fast- track public sector reform that will result in more attractive business environment.

* To maintain close and professional working relationship among government Agencies/Ministries in support of investors.