What are the products/industries eligible for Pioneer Status Incentive in Nigeria?

Pioneer status incentive is a tax holiday given to companies for a period of time to encourage the growth and development of the Nigerian economy. A new company or an existing company with an expansion plan may apply for the Pioneer Status Incentive which lasts for 3 years and is renewable upon application for 2 more years. The Industries/products that are entitled to the Pioneer Status Incentive are;

1. Industries that engage in cultivation, Processing and Preservation of food crops and fruits.
2. Integrated dairy production.
3. Deep sea trawling and processing, Coastal fishing and shrimping.
4. Mining lead, zinc, and iron and steel from iron ore.
5. Manufacture of iron and steel from Iron ore,the smelting and refining of non-ferrous base metal and the manufacture of their alloys.
6. Mining and processing of barytes, bentonites and associated minerals.
7. Manufacture of oil well drilling materials containing a predominant proportion of Nigerian raw materials.
8. The manufacture of cement,Manufacture of glass and glassware.
9. Manufacture of lime from local limestone
10. Quarrying and processing of marbles.
11. Manufacture of ceramic products.
12. Manufacture of basic and intermediate.
13. Formulation and manufacture of pharmaceuticals.
14. Manufacture of yeast, alcohol and related products.
15. Manufacture of paper pulp.
16. Manufacture of yarn and man-made fibres.

618 Bees can help you quickly and easily obtain this Incentive. Log on to our website www.618bees.comor email hello@618bees.com, or give us a call on +2349017190079. 618 Bees will complete your application with the NIPC.

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