The Nigerian Investment Promotion Commission (NIPC) has revealed that its Pioneer Status Incentive (PSI) programme has attracted investments worth N386 billion from 37 companies.
Head of the Incentives Administration Unit, Lovina Kayode, stated this during a media parley held by the NIPC in Abuja.
She explained that the PSI grants qualifies companies for a tax holiday of three to five years, exempting them from paying corporate income tax during that period.
“So far, through the pioneer status, we attracted N386 billion investments and through those 37 companies, we’ve been able to generate 5,559 jobs,” she said.
NIPC’s Executive Secretary, Aisha Rimi explained that the commission’s initiatives align with President Bola Tinubu’s Eight-Point Agenda, emphasising the commission’s role in fostering a business-friendly environment.
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