Nigerian Investment Promotion Commission, NIPC has reiterated its commitment to making the investment climate very conducive to Investors in order to attract more foreign direct investments into the country.
About thirsty four companies seek Pioneer Status Incentive otherwise known as tax holidays or waivers in 2023.
The move is aimed at facilitating and assisting investors to make proper investments decisions for the overall benefit of the nation.
Heads of various departments in the investment promotion agency also presented their scorecards.
The commission however, noted that not every company is granted tax breaks due to stringent procedures on waivers awards as the Ministry of Industry, Trade and Investment as well as the Federal Inland Revenue Service, FIRS are involved to make sure the right investors get the incentive.
It is expected that in this year 2024, the management of NIPC and the relevant stakeholders make the awards of the controversial tax holidays to deserving companies more open and transparent
