NIC to Attract Quality Investors in 2015

Acting NIC boss, Mr. Wisner (_web.jpg

A two-day Strategy Planning seminar organized by the National Investment Commission has ended in Monrovia.

The seminar was intended for NIC to attract quality investors and to design strategies on investment initiatives that would help the ordinary Liberian entrepreneurs and to plan, review current programs and identify past achievements, challenges and lessons learned by NIC and its staff.

The seminar brought together stakeholders working with the NIC to present what the Commission has been doing.  The seminar was facilitated by the former Transport Minister Mr. Tornolah S. Varpilah.

Giving an overview of the program at his Mamba Point office, the Acting Chairman of NIC, Mr. George Gyude Wisner II, told journalists that the 2015 strategic planning seminar was designed also to build the internal capacity (human resource, institutional policies, equipment) and to determine how they can overcome the challenges over the next three years.

He reiterated that NIC is formulating tools that will be used to move forward on the implementation of projects; invite critical feedback in the implementation of projects; to enhance coordination; and to publicize NIC’s ongoing project initiatives and interventions.

According to Mr. Wisner, the 2015 operational plan of the Commission is expected to approach vigorously the involvement of communities as well as investors operating in the country.

 The Acting NIC boss noted that the Commission was obliged to manage government’s assets and entrepreneurship.

Mr. Wisner further disclosed that last year, NIC experienced several setbacks.

The issues that the Commission was faced with including the relentless change in leadership coupled with the spread of the Ebola virus are some of the factors that led to the shortfall of the Commission’s performance.

He said that the NIC had planned proper management of the mining industries and other industry components in the country and as such, the Commission is working out modalities to collaborate with neighboring Guinea for the transshipment of gold and other mining resources.

The seminar also defined core values to guide the behavior of employees in implementing the strategic plan, determine institutional capacity to carry out and lead to the attraction of approximately US$16 billion of foreign investment.

The National Investment Commission was created by an Act of the National Legislature on September 6, 1979 and amended on July 19, 2010 to promote and coordinate investment related activities in all sectors of the Liberian economy.

The Commission is comprised of six Commissioners headed by the Chairman, who is the administrative head of the Secretariat and has a cabinet-level ranking.


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