Nigerian Investment Promotion Commission Act 1995

An Act to establish the Nigerian Investment Promotion Commission, to encourage and promote investment in the Nigerian economy; and for matters connected therewith.

(Decree No 16 of 1995) Laws of the Federation of Nigeria

16th January, 1995

Sections

Establishment of the Nigerian Investment Promotion Commission

Section 1 Nigerian Investment Promotion Commission Act – Establishment of the Nigerian Investment Promotion Commission

Section 2 Nigerian Investment Promotion Commission Act – Governing Council of the Commission

Section 3 Nigerian Investment Promotion Commission Act – Tenure of office, etc.

Functions and powers

Section 4 Nigerian Investment Promotion Commission Act – Functions of the Commission

Section 5 Nigerian Investment Promotion Commission Act – Powers of the Commission

Staff

Section 6 Nigerian Investment Promotion Commission Act – Secretary of the Commission

Section 7 Nigerian Investment Promotion Commission Act – Other staff of the Commission, etc.

Section 8 Nigerian Investment Promotion Commission Act – Staff regulations

Section 9 Nigerian Investment Promotion Commission Act – Conditions of service

Section 10 Nigerian Investment Promotion Commission Act – Pensions

Section 11 Nigerian Investment Promotion Commission Act – Departments of the Commission

Financial provisions

Section 12 Nigerian Investment Promotion Commission Act – Fund of the Commission

Section 13 Nigerian Investment Promotion Commission Act – Power to accept gifts

Section 14 Nigerian Investment Promotion Commission Act – Borrowing power, etc.

Section 15 Nigerian Investment Promotion Commission Act – Annual estimates, accounts and audit

Section 16 Nigerian Investment Promotion Commission Act – Annual reports

Section 17 Nigerian Investment Promotion Commission Act – Enterprises eligible for participation

Provisions relating to investment

Section 18 Nigerian Investment Promotion Commission Act – Application of this Act

Section 19 Nigerian Investment Promotion Commission Act – Establishment of an enterprise

Section 20 Nigerian Investment Promotion Commission Act – Registration of enterprise with the Commission

Section 21 Nigerian Investment Promotion Commission Act – Purchase of the shares of a domestic company by a foreign company

Section 22 Nigerian Investment Promotion Commission Act – Incentives for special investment

Section 23 Nigerian Investment Promotion Commission Act – Priority areas

Section 24 Nigerian Investment Promotion Commission Act – Investment guarantees, transfer of capital, profits and dividends

Section 25 Nigerian Investment Promotion Commission Act – Guarantees against expropriation

Section 26 Nigerian Investment Promotion Commission Act – Dispute settlement procedures

Section 27 Nigerian Investment Promotion Commission Act – Assistance to enterprise

Section 28 Nigerian Investment Promotion Commission Act – Transitional provisions

Section 29 Nigerian Investment Promotion Commission Act – Repeal of Cap. 178 L.F.N. 1990, etc.

Section 30 Nigerian Investment Promotion Commission Act – Regulations

Section 31 Nigerian Investment Promotion Commission Act – Interpretation

Section 32 Nigerian Investment Promotion Commission Act – Short title