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NIPC secured over $10bn investment commitments in 2025

The Nigerian Investment Promotion Commission says it facilitated more than $10 billion in investment commitments in 2025. The Executive Secretary of the commission, Ms Aisha Rimi, disclosed this at a media parley in Abuja, according to the News Agency of Nigeria. She said the milestone reflects the Federal Government’s ongoing efforts to boost investor confidence […]

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NIPC earned N9bn from tax waiver fees

The Nigerian Investment Promotion Council has received N9.2 billion in revenue from costs associated with issuing Pioneer Status Incentives to qualified companies and from renewal fees during a four-year period. An analysis of the commission’s domestically generated revenue from 2020 to 2023 shows that it earned an average of N1 billion per year, according to […]

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Companies on tax breaks rise to 104 – NIPC

The Federal Government acting through the Nigerian Investment Promotion Commission has awarded new tax breaks to 12 companies in the first quarter of this year, under the Pioneer Status Incentive initiative, bringing the total number of beneficiaries to 104 enterprises. This was disclosed by the commission in its Q1 2024 PSI report released on Monday, […]

News

NIPC grants tax holidays to 12 companies in Q1 2024

Alex Omenye The Nigerian Investment Promotion Commission has granted tax holidays to 12 companies in the first quarter of 2024 under the Federal Government’s Pioneer Status Incentive initiative. This information was disclosed in the NIPC’s Q1 2024 PSI report. These new approvals bring the total number of companies benefiting from the three-year tax holiday to […]

NIPC CEO Saratu Umar fired months after appointmentNIPC CEO Saratu Umar fired months after appointment
Appointments

NIPC CEO Saratu Umar fired months after appointment

The Executive Secretary/Chief Executive Officer of the Nigeria Investment Promotion Commission, Hajiya Saratu Umar, has been fired effective immediately in less than a year after appointment. According to Nairametrics, this information was released in a statement by a media adviser to the President, Femi Adesina, who confirmed that she had been fired on Thursday after being appointed CEO […]

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Appointments

Buhari dismisses Saratu Umar as NIPC boss

Wilson Adekumola   The President, Major General Muhammadu Buhari (retd.), has terminated the appointment of Hajiya Saratu Umar as the Executive Secretary/Chief Executive Officer of the Nigeria Investment Promotion Commission, with immediate effect.   The decision was announced in a brief statement issued by presidential spokesman, Femi Adesina, on Thursday night.   “The President has […]

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