The Nigerian Investment Promotion Commission (NIPC) said it granted three years of tax exemption to 34 companies in 2023.
The Head of Incentives Administration of the NIPC, Lovina Kayode, told journalists in Abuja that the exemption was to promote the company’s investment drive towards developing the nation’s economy.
“This tax exemption known as Pioneer Status Incentives (PSI) is executed under the Investors Relations Department of the NIPC and allows a company three years of not paying Corporate Income Tax,” she said.
