NIPC will stop accepting Pioneer Status Incentive applications on 10 November 2025 as it prepares to implement the new Economic Development Tax Incentive scheme from 1 January 2026.
The Nigerian Investment Promotion Commission (NIPC) announced on 5 November 2025 that applications for the Pioneer Status Incentive (PSI) would close on 10 November 2025, ahead of the rollout of the new Economic Development Tax Incentive (EDTI) scheme, which is scheduled to begin on 1 January 2026.
Companies seeking to benefit from the PSI are advised to submit their applications to the NIPC on or before 10 November 2025, and it is recommended that existing beneficiaries of the PSI and new applicants consult with the NIPC to ensure a seamless transition and compliance with the requirements of the new EDTI scheme.
The EDTI — introduced under the Nigeria Tax Act, which repealed the former incentive law — targets capital investment in priority sectors and offers a 5% annual Economic Development Tax Credit (EDTC) on eligible capital expenditures for up to five years, with unused credits carryable forward for an additional five years.
Existing PSI beneficiaries will continue to enjoy relief for their remaining approved period.
