Thursday, March 25,2021 / 11:43 AM / by NIPC / Header Image Credit: Eographics

AJoint Committee of staff of  Nigerian Investment Promotion Commission(NIPC) and Federal Inland Revenue Service (FIRS) on Pioneer Status Incentive(PSI) was inaugurated on Friday, 5 March 2021 at the NIPC Head Office, Abuja.

TheCommittee was set up to review the current guidelines for administration of thePSI, validate the cost of the incentive to Nigeria and recommend changes to thequalification and administration.

Commenting,NIPC's Executive Secretary/CEO, Ms. Yewande Sadiku stated that the Commissionunderstands the responsibility it shoulders in relation to administering thePSI and exercises great diligence in processing applications.

Onhis part, the Executive Chairman, FIRS, Mr. Muhammad Nami encouraged members ofthe Committee to invest their energy into the exercise as it is a means toassist government to achieve an enabling business environment, bearing in mindthe responsibility of government to fund budgetary needs.

TheJoint Committee is expected to complete its assignment within 3 months.

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