Nigerian Investment Promotion Commission (NIPC)

NIPC (Nigerian Investment Promotion Commission) decree of 1995 allows 100% foreign ownership of firms outside the petroleum sector, where investment is limited to existing joint ventures or new production-sharing agreements.

Foreign investors must register with the NIPC after incorporation under the Companies and Allied Matters Decree of 1990.

Current Investors include British Airways, DHL, Virgin Group, Chevrolet, Ericsson, Volkswagen Group, Hilton Hotels.

Functions:

• Advises government on policy issues related to investment.
• Guarantees the protection of foreign interests in Nigeria against expropriation.
• Administers appropriate incentives packages available to investors.
• Guarantees transferability of profits and other funds by investors.
• Initiates, organises and participates in promotional activities such as trade fairs, exhibitions, workshops, conferences and seminars to simulate and attract investment. Identifies difficulties and problems encountered by investors, proffer solutions and renders assistance to them

Services :

• Provides up-to-date info. on investment opportunities in the country.
• Links foreign investors with local partners.
• Provides information on available incentives for investment.
• Issues business permits to foreign investors.
• Coordinates the issuance of expatriate quota.
• Negotiates with government agencies, specific incentive packages for investors.
• Enters directly into bilateral agreement with investors for purposes of investment protection.