Section 2 Nigerian Investment Promotion Commission Act

Section 2 Nigerian Investment Promotion Commission Act is about Governing Council of the Commission. It provides as follows:

(1) There shall be for the Commission, a Governing Council (in this Act referred to as “the Council”), which shall be responsible for the discharge of the functions of the Commission.

(2) The Council shall consist of

(a) a chairman;

(b) a representative each of the following Federal Ministries, who shall not be below the rank of a Permanent Secretary

(i) Industry;

(ii) Commerce;

(iii) Internal Affairs;

(iv) Finance;

(v) Foreign Affairs;

(vi) Culture and Tourism;

(vii) Petroleum Resources;

(c) a representative of the National Planning Commission, who shall not be below the rank of a Permanent Secretary;

(d) the Governor, Central Bank of Nigeria;

(e) six other persons from the private sector organisations to be appointed by the President, on the recommendation of the Minister;