Nigeria: NIPC Grants Tax Relief to 17 Firms

The Nigeria Investment Promotion Commission (NIPC) has granted Pioneer Status Incentive (PSI) to 17 companies with a total capital investment of N99.45 billion in the first quarter of 2021.

NIPC’s Head of Incentives Administration Division, Uchenna Okonkwo, who stated this in Abuja during a media parley, added that the companies were exempted from paying tax on dividends during the pioneer period.

The Industrial Development Income Tax Relief Act (IDITRA) provides that industry or product is…


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