The Nigerian Investment Promotion Commission (NIPC) has announced that it will stop receiving applications for the Pioneer Status Incentive (PSI) effective November 10, 2025. According to the Commission, the move is part of its preparation for the full transition to the new Economic Development Tax Incentive (EDTI) scheme, which will officially take effect on January 1, 2026.
In a public notice released by the NIPC, the Commission stated, “Companies seeking to benefit from the PSI are advised to submit their applications to the NIPC on or before November 10, 2025.” The notice also encouraged corporate organizations and investors to act promptly in line with the new tax incentive framework.
The NIPC further recommended that both existing beneficiaries and new applicants consult with the Commission to ensure a seamless transition and compliance with the requirements of the EDTI scheme.
