By Alieu Amara Suwu
Professor Marda Mustapha, Executive Director of National Investment Board (NIB), has said the National Investment Board has not received any budgetary allocation for 2022 financial year.
Director Mustapha made this statement at the Ministry of Finance when making presentation at the Budget Policy Hearing.
The Director said last year the Ministry of Finance approved 840,000 new Leones for administration and operation but yet nothing has been received. He confirmed that the Board has presented Nle 10,318, 400 for 2023 financial year based on the activities and plans.
Explaining their mandates, he said NIB has the responsibility to promote investment opportunities and facilitating body, assist investors to obtain relating to their business enterprises and generally improve the investment climate. The Executive Director said NIB is going to engage on income generating activities with investors that would be coming to the country.
He noted that NIB will work with l investors in ensuring that necessary documents for the establishment of the business are being available within the short possible time. He claimed that in the future NIB will be able to raise revenue to take care of its operational and administrative cost and assist thus assist government in its priorities.
