The National Investment Commission (NIC) has embarked on a three-year capacity-building initiative intended to empower the private sector and build the internal capacity of its staff. The Project Implementation Unit at the NIC is a-five year at the National Investment Commission within the Agenda for transformation. Giving an overview of the project at a one-day workshop held recently, the head of PIU, Kanio Bai Gbala said the project operates within institutional framework of the NIC.
Mr. Gbala said the PIU directly houses four full-time program consultants and four auxiliary program assistants. He added that currently, PIU manages three projects including business linkage, grant matching and formulation of the private sector development strategy.
The strategy is an ongoing process with support from the United Nations Development Program (UNDP) and the World Bank. The projects also include investigation of impact investment opportunities for Liberia.
Gbala said the workshop is aimed to move forward implementation of projects, invite critical feedback in the implementation of project; to enhance coordination, publicize NIC’s ongoing project initiatives and interventions.
Mr. Gbala said the workshop is also aimed at bringing stakeholders working with the NIC together to present what the commission has been doing. He said the project is to build the internal capacity for the next three years but that the project will continue within the NIC.