Nigerian Investment Promotion Commission was established by Nigerian Investment Promotion Act Chapter N117 Laws of the Federation of Nigeria 2004 to encourage, promote and co-ordinate investments in the Nigerian economy.
FUNCTIONS OF THE COMMISSION
- Be the agency of the Federal Government to co-ordinate and monitor all investment promotion activities to which this Act applies;
- 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, analyze and disseminate information about investment opportunities and sources of investment capital, and advise on request, the availability, choice or suitability of partners in joint-venture projects;
- Register and keep records of enterprises to which this Act applies;
- Identify specific projects and invite interested investors for participation in those projects;
- Initiate, organize 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 in investments in Nigeria and make appropriate recommendations;
- Advise the Federal Government on policy matters including fiscal measures designed to promote the industrialization of Nigeria or the general development of the economy; and
- Perform such other functions as are supplementary or incidental to the attainment of the objectives of the Act.
Vision
‘To be the pre-eminent Investment Promotion Agency in the emerging markets’
Mission
‘To proactively position and promote Nigeria as the preferred investment haven’
Core Values
- Accountability
- Anonymity
- Discipline
- Impartiality
- Integrity
- Meritocracy
- Patriotism
- Political neutrality
- Professionalism
- Transparency