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PIONEER STATUS INCENTIVE
Since independence, Nigeria has introduced a range of policies and laws to define its industrialisation aspirations. More recently,...
Dangote Fertilizer Limited, along with ten other companies, has applied for an extension of their Pioneer Status Incentive (PSI) from the Nigerian Investment Promotion Commission (NIPC).
The federal government through the Nigerian Investment Promotion Commission (NIPC) has granted approvals in principle to six more companies to benefit 3-year tax holiday under its Pioneer Status Incentive (PSI) initiative.
The NIPC has said that the number of companies benefiting from tax holiday under the Federal Government’s Pioneer Status Incentive (PSI) increased in Q2 2022.
SMEs and other agricultural production businesses may be granted pioneer status for almost six years, according to the Finance Act.