PIONEER STATUS AND OTHER MONETARY INCENTIVES AVAILABLE TO FOREIGN AND INDIGENOUS INVESTORS IN THE NIGERIA
The successive and current governments of the federal republic of Nigeria has deemed it expedient to adopt the international best practice of introducing a wide range of economic incentive and reliefs that would motivate investors so as to make Nigeria an investment safe haven These incentives and reliefs are meticulously captured in various laws of Nigeria, but most specifically in the Nigerian Investment Promotion Commission (NIPC) Act, foreign exchange (monitoring and miscellaneous provisions) Act, customs and excise management Act, Industrial Development (Income Tax Relief) Act, Companies Income Tax Act and under the minerals Act etc. The Nigerian investment promotion commission, being a...
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