Nigerian Investment Promotion Commission (NIPC) granted twelve new companies tax holidays in the first quarter of 2024.
The companies were given the incentives in accordance to Pioneer Status Incentive (PSI) Initiative to encourage investment and stimulate economic growth.
The companies include:
- Neway Power Technology Company Limited
- Starich Recycle Technologies Company Limited
- Gerawa Rice Mills Limited
- Shafa Energy Limited,
- Mafa Rice Mills Limited
- Fouani Nigeria Limited
- A. A Rano Nigeria Limited (haulage)
- A. A Rano Nigeria Limited (Natural gas supplier)
- Basma Agric Processing Limited
- Flex Films Africa PVT Limited
- Addmie Nutrition Limited
- Dufil Prima Foods Plc
The PSI scheme is a Nigerian government program that grants tax breaks and other incentives to companies operating in certain sectors of the economy.
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