NIGERIAN INVESTMENT PROMOTION COMMISSION ACT

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NIGERIAN INVESTMENT PROMOTION COMMISSION ACT

CHAPTER N117 LAWS OF THE FEDERATION OF NIGERIA, L.F.N. 2004

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ARRANGEMENT OF SECTIONS 

Part I – Establishment of the Nigerian Investment Promotion Commission

1.     Establishment of the Nigerian Investment Promotion Commission.      

2.     Governing Council of the Commission.   

3.     Tenure of office, etc.

Part II – Functions and powers

4.     Functions of the Commission.       

5.     Powers of the Commission.           

Part III – Staff

6.     Secretary of the Commission.       

7.     Other staff of the Commission, etc.       

8.     Staff regulations.

9.     Conditions of service.  

10.    Pensions.  

11.    Departments of the Commission.

Part IV – Financial provisions

12.    Fund of the Commission.     

13.    Power to accept gifts. 

14.    Borrowing power, etc.

15.    Annual estimates, accounts and audit.   

16.    Annual reports.          

Part V – Provisions relating to investment

17.    Enterprises eligible for participation.      

18.    Application of this Act.

19.    Establishment of an enterprise.

20.    Registration of enterprise with the Commission.       

21.    Purchase of the shares of a domestic company by a foreign company.       

22.    Incentives for special investment.

23.    Priority areas.    

24.    Investment guarantees, transfer of capital, profits and dividends.      

25.    Guarantees against expropriation.

26.    Dispute settlement procedures.     

27.    Assistance to enterprise.      

28.    Transitional provisions.

29.    Repeal of Cap. 178 L.F.N. 1990, etc.     

30.    Regulations.       

31.    Interpretation.

32.    Short title.                          

Schedule: Supplementary Provisions Relating To the Council, Etc.

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NIGERIAN INVESTMENT PROMOTION COMMISSION ACT

An Act to establish the Nigerian Investment Promotion Commission, to encourage and promote investment in the Nigerian economy; and for matters connected therewith.

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[COMMENCEMENT]                      [16^th January, 1995]

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ALPHABETICAL INDEX TO THE LAWS OF NIGERIA (UPDATED TO 2018)