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The Commission as Nigeria's Think Tank and the focal point for Development Planning and Economic Management has three parastatals namely :
- Centre for Management Development [CMD]
- National Bureau of Statistics [NBS]
- The Nigerian Institute of Social and Economic Research [NISER]
The three parastatal were established to provide services in the areas of research and policies analysis;training of economic managers and supply of statistical information.
Decree No.12 of 1992 established the National Planning Commission on 26th March, 1992 and the Explanatory Note to the Decree provides that the Commission was established to, among other things, determine and advise the Government of the Federation on matters relating to national development planning and the over-all management of the economy.