NIPC ISSUES REPORT ON PIONEER STATUS INCENTIVE FOR THIRD QUARTER 2018.

Nigerian Investment Promotion Commission (NIPC) has released the Report of
Pioneer Status Incentive processed between 01 July and 30 September 2018
The Report shows that twenty-two new applications and three Extension
applications were received during the period. Twelve applications were granted
approval in principle and the twelve companies had a total investment of
₦93.06 billion, while direct jobs created was 1,422 with the Manufacturing
sector accounting for 58% of the approvals. Four companies were granted
Extension for 2 years and their total investment is put at ₦97.58 billion while
direct jobs created was 2,289.
The report further revealed that eighteen companies were granted Pioneer Status
Incentive with confirmed production dates, one application was declined and
twenty-seven companies are still enjoying Pioneer Status Incentive in the
reporting period.

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