- A company belonging to Aliko Dangote and 172 other companies will lose tax waivers from the federal government
- The move comes as there are revelations that the Nigerian government would strip mature firms of tax incentives
- The action is part of the 2023 Finance Bill sent to the National Assembly for approval by President Muhammadu Buhari
About 172 firms may not benefit from N2.4 trillion tax waivers under the Pioneer Status Incentive (PSI) and other tax exemptions as the Nigerian Nigerian government moves to end some tax waivers effectively in 2022.
The government is ending the tax exemptions for mature industries with the 2022 Finance Bill, which President Muhammadu Buhari sent to the National Assembly for approval.
