Good News to all the business men in Nigeria. The
Federal Government of Nigeria has approved a downward review of the cost of
registering a company with the Nigerian Investment Promotion Commission.
A statement issued by the NIPC to E-BIZ 24/7 stated
that the approval was given by the Minister of Trade and Investment, Olusegun
Aganga.
The statement, signed by the Assistant Director/
Head, Media and Publicity, NIPC, Joel Attah, said the downward review from
N50,000 to N15,000, was designed to make Nigeria highly competitive in line
with international best practices.
The downward review, the statement added, was at the
instance of NIPC and also in line with the desire of the Federal Government to
improve the country’s competitiveness rating on doing business.
The NIPC was established by Act No. 16 of 1995 to
promote, encourage and coordinate investment in Nigeria.
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