NIPC Issues Report On Pioneer Status Incentive for Fourth Quarter 2018


Tuesday, February 19, 2019 10:00AM / NIPC


Nigerian Investment Promotion Commission (NIPC) has released the Report of Pioneer Status Incentive processed between 01 September and 31 December 2018.


The Report shows that:

  • Nineteen (19) new applications and Three (3) Extension applications were received during the period.
  • Nine (9) applications were granted approvals in principle and had a total investment of 277.417 billion, while 1,733 direct jobs was created.
  • Three (3) companies were granted Extension for 2 years and their total investment is put at 87.31 billion while direct jobs created was 5,517.


The report further revealed that eight (8) companies were granted Pioneer Status Incentive with confirmed production dates, one application was declined and twenty-three (23) companies are still enjoying Pioneer Status Incentive in the reporting period.


Download the Report HERE


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