National Investment Commission (NIC)

An Act Creating the National Investment Commission Repealing the Act of Legislature Creating the Liberian Development Corporation, Transferring the Assets of the Liberian Development Corporation to the National Investment Commission, and Transferring the Functions of the Concession and Investment Commission and the Secretariat of the said Commission to the National Investment Commission.

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The National Investment Commission (NIC) is the Liberian goverment’s official center for investment promotion and for the processing and conclusion of investment incentive, agreements. The NIC was created in 1979 to encourage greater investment and to accelerate economic growth.

It is headed by a Chairman who has ministerial status and reports directly to the President of Liberia. For other cabinet ministers are members of the Commission:

The Minister of Finance;

The Minister of Planning and Economic Affairs;

The Minister of Justice;

The Minister of Commerce and Industry.

The NIC seeks to encourage in those sectors regarded as a natioanl priorità. In all of its activities, the Commission works "One Stop Shopping Place" to raise the confidence of investors in the national economy. In addition to providing technical assistance, the National Investment Commission (NIC) help sto facilitate the process by which investors and the goverment can arrive at mutually satisfactory agreements.