The Nigerian Investment Promotion Commission (NIPC) in Abuja launched the electronic One-Stop Investment Centre (e-OSIC) to promote efficiency in processing investment entry requirements.
The Acting Executive Secretary of NIPC, Mr Emeka Offor, said that the e-OSIC would serve as Single Window Investors’ Platform (SWIP) whereby operational manuals of participating agencies, as regards processing of investment entry requirements are streamlined.
According to Offor, the NIPC Act, through which the commission was established, mandates it to co-ordinate and monitor all investment promotion activities to which the Act applies.
“Hinged in this, the OSIC was established in 2006 with 13 participating agencies, cutting across federal, state and non-governmental organisations.
“The centre was established on the following principles of convenience, efficiency, simplicity, speed and transparency.
“Through the centre, operational manuals of participating agencies, as regards processing of investment entry requirements, have been streamlined.
“To enhance its effectiveness and ensure timely service, the commission had always envisaged a virtual OSIC.
“To this end, the commission had been working on the Single Window Investors’ Platform.
“The window which has four components is the e-business facilitation platform of NIPC which is fashioned in line with the e-government initiative of the Federal Government,’’ he said.
Offor noted that with the coming on of the e-OSIC, investors can have access to all services offered at the OSIC remotely, and apply for business registration, submit relevant documents, and make appropriate fee payments.
“Through the platform, NIPC will be able to track and review the services of participating agencies at the Centre.
“The foundation for transparency, accountability and proactive disclosure has been laid and we are committed to building on the successes of recent years as well as breaking new frontiers,’’ Offor said.