The Nigeria Investment Promotion Commission (NIPC) is a specialised agency of the Federal Government of Nigeria, established through the Nigerian Investment Promotion Act Chapter N117 of 2004. This commission’s objective is to promote, encourage, and coordinate all investments in Nigeria. The Federal Government of Nigeria, has tasked the investment promotion agency with attracting Foreign Direct Investment (FDI) over the years.
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.