Section 29, The National Investment Board Act, 2022

(1) The Board may permit investment in scarce.resources in accordance with the relevant laws relating to such resources . (2) Where a limited number of investors are allowed to exploit a scarce resource the Board shall work closely with the relevant ministry, agency or department concerned to ascertain - (a) the location and nature of opportunities; (b) the number of business enterprises which can be registered to exploit the scare resources in an optimal manner; (c) the conditions to be imposed on an investor who is operating at a given location including the protection of the environment; (d) the mechanism to be used by the Board in selecting the investor for each available opportunity.