Overview
Nigeria's tax environment is evolving, and with it comes a strategic shift for businesses. The well-known Pioneer Status Incentive (PSI) has now been formally replaced. The Nigerian Investment Promotion Commission (NIPC) has closed the application window for the PSI. This marks a definitive end to the old framework and a full transition to the new Economic Development Tax Incentive (EDTI), which takes effect on January 1, 2026. This change is a key part of the government's broader tax reform agenda. For your business, this means the strategic context for future investments has changed. Our Recommendation: We advise companies in sectors that previously qualified for PSI to begin planning based on the new EDTI framework. Proactive assessment is now crucial to optimize your future tax planning and investment strategy. To help you navigate this transition, we have published a detailed article that breaks down the implications of this change and what the new EDTI scheme may entail.
