Nigerian Investment Promotion Commission
national agency of the Federal Government of Nigeria
The Nigerian Investment Promotion Commission (NIPC) is a specialized agency of the Federal Government of Nigeria, established through the Nigerian Investment Promotion Act Chapter N117 of 2004. It is aimed at encouraging, promoting, and coordinating all investments in Nigeria. The Federal Government of Nigeria, has tasked the investment promotion agency with attracting Foreign Direct Investment (FDI) over the years.
Origin
The Nigerian Investment Promotion Commission was established by the United Nations Conference on Trade and Development through Chapter N117 of the Nigerian Investment Promotion Act of 1995, and later became a specialized agency of the Federal Government of Nigeria through Chapter N117 of the Nigerian Investment Promotion Act of 2004 by the former President of Nigeria Olusegun Aremu Obasanjo in a bid to enhance Nigeria's investment climate, attract foreign investments and deviate from oil as the major growth rate of the Nigerian economy. The then President appointed his former Minister for Commerce, Engr. Mustapha Bello as the pioneer Executive Secretary/CEO of the Commission and invited Mr Felix Ohiwerei, a boardroom guru, as the Chair of the Governing Board.
The commission was established to enhance Nigeria's investment climate, attract foreign investments and deviate from oil as the major growth rate of the Nigerian economy. Nigerian President, Olusegun Aremu Obasanjo appointed a former Minister for Commerce, Mustapha Bello as the pioneer Executive Secretary/CEO of the Commission, as well as Felix Ohiwerei, as the Chair of the Governing Board.
Administration
NIPC has a Governing council that comprises a Chairman, four independent members, the Executive Secretary/CEOs' permanent secretaries of seven ministries including; Federal Ministry of Industry, Trade and Investment; Federal Ministry of Information and Culture, Federal Ministry of Finance, Federal Ministry of Budget and National Planning, Federal Ministry of Foreign Affairs, Federal Ministry of Interior, Federal Ministry of Petroleum, Governor, Central Bank of Nigeria and six members from the private sector.
The Commission's Governing Council is chaired by Rt.
“Nigerian Investment Promotion Commission” enters the record as national agency of the Federal Government of Nigeria. Crown Archives preserves that source wording while asking what Nigerian, Investment and Promotion can confirm, complicate or overturn.
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Chronology, provenance and viewpoint should be read together before a broad social or political interpretation is accepted. The source revision retrieved here is dated Aug 9, 2026. The linked authority identifier is Q108672928. Authority coordinates are 9.079, 7.496. 1 of 1 selected statements include explicit references; 0 carry qualifiers and 0 use preferred rank. The first chronological checks are 2004 and 1995.
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This entry incorporates text from “Nigerian Investment Promotion Commission” on English Wikipedia. Contributors are listed in the page history. Text is available under the Creative Commons Attribution-ShareAlike 4.0 License. Selected authority identifiers and statements are retrieved from Wikidata under CC0; their references and qualifiers remain part of the verification path.