Nigeria Investment Promotion Commission
NIPC
About
The Nigerian Investment Promotion Commission (NIPC) is a specialized agency of the Federal Government of Nigeria. It exists to encourage, promote and coordinate all investments in Nigeria, and it has been tasked with attracting Foreign Direct Investment.
History
The commission was established through the Nigerian Investment Promotion Act Chapter N117 of 2004, under former President Olusegun Obasanjo, to improve Nigeria's investment climate, attract foreign investment and reduce the economy's reliance on oil. Its first Executive Secretary/CEO was Mustapha Bello, a former Minister for Commerce, and Felix Ohiwerei was appointed chair of the Governing Board. The commission has a Governing Council and zonal offices in the North-Central, North-East, North-West, South-East and South-West to work with state investment agencies.
Key Facts
Established
2004
Headquarters
Abuja, FCT, Nigeria
Executive Secretary/Chief Executive Officer
Aisha Rimi
Jurisdiction
Federal Government of Nigeria
Abbreviation
NIPC
Website
nipc.gov.ng