The Nigerian Investment Promotion Commission (NIPC) has announced the cessation of applications for the Pioneer Status Incentive (PSI), effective November 10, 2025.
According to the commission, the move is part of preparations for the transition to the Economic Development Tax Incentive (EDTI) scheme, which officially took effect on January 1, 2026. The transition marks a shift in Nigeria’s tax incentive framework as the government introduces the new EDTI scheme to replace PSI.
In a notice issued by the commission, NIPC stated that the closure of PSI applications was necessary to ensure a smooth transition to the new structure. The commission explained that the decision aligns with the implementation timeline of the EDTI scheme.
NIPC also addressed applicants with pending PSI applications. The commission advised them to expedite the completion of their application process on or before 27 February 2026. It warned that failure to meet the deadline will result in the nullification of the application.
“Applicants with pending applications are advised to expedite the completion of their application process on or before 27 February 2026. Failure to comply will result in the nullification of the application,” the commission stated.
The commission emphasized that the cessation of PSI applications took effect from November 10, 2025, ahead of the full transition to EDTI, which began on January 1, 2026.
