Law library · Sierra Leone · The National Investment Board Act, 2022
Section 7, The National Investment Board Act, 2022
Status not yet checkedThe National Investment Board Act, 2022, Sierra Leone
(1) The Board shall be the highest policy making bodyon investment in Sierra Leone.
(2) Notwithstanding the generality of subsection (1)the
Board shall be responsible for the following-
(a) determine the strategic vision and the plan
of action on investment and follow up on
their implementation;
(b) determine the strategic investment policy
direction of the country
(c) serve as a clearing house for all investment
proposals and approvals
(d) approve the internal rules and regulations of
the National Investment Board;
(e) approve the annual budget proposal before
it is transmitted to relevant authorities.
(f) evaluate the performance of the Secretariat
in accordance with the plan of action and the
budget;
(g) approve the activity and financial reports of
the previous year;
(h) approve guidelines and priority areas of
investment;
(i) promote , facilitate and streamline conclusion
and implementation of public private
partnership agreements;
(j) approve, modify or reject public private
partnership proposals, public private
partnership agreements and requests for
negotiations;
(k) encourage and promote the development of
agricultural production and other activities
oriented towards exports;
(l) promote both locally and internationally
opportunities for investment in Sierra Leone;
(m) approve trade missions;
(n) appoint and dismiss senior level personnel
of the Secretariat; and
(o) do such things as may be lawfully done to
achieve its objectives and perform its
functions under this Act.
(p) Make and implement policies to reserve
sections and areas of investment for Sierra
Leoneans to promote local content and
create opportunity for citizens of Sierra
Leone.
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