Policy transitions matter. How we manage them matters even more.
The Nigerian Investment Promotion Commission (NIPC) convened a strategic tripartite meeting with the Nigeria Revenue Service (NRS) and the Industrial Inspectorate Department (IID) of the Federal Ministry of Industry, Trade and Investment (FMITI) to address the transition from the Pioneer Status Incentive (PSI) regime to the Economic Development Tax Incentive (EDTI) under the Nigeria Tax Act, 2025.
Following the repeal of the Industrial Development (Income Tax Relief) Act, the PSI regime formally ended on 1 January 2026. Ahead of this, the PSI Steering Committee set 10 November 2025 as the deadline for new applications, which was widely communicated to the public.
The announcement triggered an influx of over 139 applications. Processing a PSI application takes a minimum of 25 weeks, running from technical evaluation through NIPC Board approval to the issuance of the Production Day Certificate by the IID. It was therefore not possible to conclude every application before the regime ended.
In her opening remarks, the Executive Secretary/CEO of NIPC thanked the IID and NRS for honouring the Commission's invitation, emphasising the importance of continued inter-agency collaboration in managing the transition and providing clarity for affected investors.
At NIPC, investment promotion goes beyond attracting capital. We facilitate, coordinate and build investor confidence, ensuring that Nigeria remains a destination where businesses can invest, grow and thrive.
From PSI to EDTI, NIPC remains committed to a smooth, transparent and investor-focused transition.
