The federal government, acting through the Nigerian Investment Promotion Commission (NIPC), has declared that it will no longer accept applications for the Pioneer Status Incentive (PSI) as of yesterday, November 10, 2025. This implies that the three-year tax-free incentives for new firms entering the nation will no longer be available to corporate organizations and businesses.The NIPC claims that the action is a component of its planning for the complete switch to the new Economic Development Tax Incentive (EDTI) program, which will go into effect on January 1, 2026. “Companies seeking to benefit from the PSI are advised to submit their applications to the NIPC on or before November 10, 2025,” the Commission said in a public notice issued by the NIPC.
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