Tag Archives: pioneer status

In August this year, the Federal Executive Council approved 27 new industries and products to enter into the pioneer status. This incentive scheme was to give tax holidays to these industries for three years, to enable them to grow and expand investments. Among these industries are real estate industries. Correspondent of Nigeria Real Estate Hub (NREH), Esther Adeniyi interviewed a ...

“The federal government on Monday released the full list of the 27 key industries and products included in the revised list of ‘pioneer status’ incentives for prospective investors. At the end of the meeting of the Executive Council of the Federation, FEC, last week, the Minister of Industry, Trade and Investment, Okechukwu Enelamah, disclosed the approval given to the 27 industries. Mr. ...

Business Day reports that the Federal Government yesterday, took a bold step to boost investment into the economy by enlisting 27 industries, to enjoy the new Pioneer Status Incentive (PSI). Pioneer Status Incentive is designed to reduce the cost of doing business in Nigeria by providing corporate income tax relief to qualifying companies making investments in industries designated as ‘Pioneer’. ...