The National Investment Commission (NIC) is the Government of Liberia agency responsible for investment promotion, generation and facilitation. It was established by the Legislature on September 6, 1979 and amended in 2010, with the mandate to: promote Liberia’s investment opportunities; attract and support the growth of value-added foreign direct investments (FDIs); and advocate for and strengthen the domestic private sector.
The NIC is a member of the Liberia Better Business Forum which works to improve the operating environment that makes it easy and predictable to do business in Liberia. It chairs the Inter-Ministerial Concession Committee (IMCC) which receives reports of Technical Committees on Tender Evaluations and negotiates concession contracts which are subject to the approval of the cabinet. NIC also chairs the Board of Commissioners’ meeting which approves investment incentive contracts above the US$10 million.