Section 4 Nigerian Investment Promotion Commission Act

Section 4 Nigerian Investment Promotion Commission Act is about Functions of the Commission. It provides as follows:

The Commission shall encourage, promote and co-ordinate investment in the Nigerian economy and accordingly, shall

(a) be the agency of the Federal Government to co-ordinate and monitor all investment promotion activities to which this Act applies;

(b) initiate and support measures which shall enhance the investment climate in Nigeria for both Nigerian and non-Nigerian investors;

(c) promote investments in and outside Nigeria through effective promotional means;

(d) collect, collate, analyse 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;

(e) register and keep records of all enterprises to which this Act applies;

(f) identify specific projects and invite interested investors for participation in those projects;

(g) initiate, organize and participate in promotional activities, such as, exhibitions, conferences and seminars for the stimulation of investments;

(h) maintain liaison between investors and Ministries, Government departments and agencies, institutional lenders and other authorities concerned with investments;

(i) provide and disseminate up-to-date information on incentives available to investors;

(j) assist incoming and existing investors by providing support services;

(k) evaluate the impact of the Commission in investments in Nigeria and make appropriate recommendations;

(l) advise the Federal Government on policy matters, including fiscal measures designed to promote the industrialisation of Nigeria or the general development of the economy;

(m) perform such other functions as are supplementary or incidental to the attainment of the objectives of this Act.