The Nigerian Investment Promotion Commision (NIPC) is Federal Government Agency in Nigeria established by the NIPC Act N0. 16 of 1995 to promote, co-ordinate and monitor all investments in Nigeria. The basic functions and powers of the NIPC are as prescribed by Act 16 of 1995. The Commission has perpetual succession and a common seal, which is specially established, among other things, to:

  1. Co-ordinate, monitor, encourage and provide necessary assistance and guidance for the establishment and operation of enterprises in Nigeria;
  2. Initiate and support measures which shall enhance the investment climate in Nigeria for both Nigerian and non-Nigerian investors;
  3. Promote investments in and outside Nigeria through effective promotional means;
  4. Collect, collate, analyse and disseminate information about investment opportunities and sources of investment capital and advise on request, the availability, chance or suitability of partners in joint-venture projects;
  5. Register and keep records of all enterprises to which the NIPC Act legislation applies;
  6. Identify specific projects and invite interested investors for participation in those projects;
  7. Initiate, organise and participate in promotional activities such as exhibitions, conferences and seminars for the stimulation of investments;
  8. Maintain liaison between investors and Ministries, government departments and agencies, institutional lenders and other authorities concerned with investments;
  9. Provide and disseminate up-to-date information on incentives available to investors;
  10.  Assist incoming and existing investors by providing support services;
  11.  Evaluate the impact of the Commission on investment in Nigeria and recommend appropriate remedies and additional incentives;
  12. Advise the Federal Government on policy matters, including fiscal measures designed to promote the industrialisation 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 NIPC Act.