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FG reinstate pioneer status, set up fresh guidelines to access incentive

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Federal Government has released new guidelines for the processing of Pioneer Incentives PSI applications as well as a revised list of industries and products qualified to access pioneer status. It will be recalled that at the end of the Executive Council of the Federation, FEC, meeting last week, Minister of Industry, Trade and Investment, Okechukwu Enelamah, had disclosed the approval of the revised list of 27 key industries to benefit from the new arrangement.
The new guidelines is coming on the heels of the lifting of suspension on the processing of pioneer status incentives applications for prospective investors in the country. At a briefing in his office on Monday, Mr. Enalemah said the names of the other 26 industries would soon be released to the public. Under the reviewed provisions guiding the incentive, the minister said all industries removed from the list of beneficiaries would take effect within three years. He explained that the review was necessary to bring the list of pioneer industries and products in line with the country’s current economic realities captured under the National Economic Recovery and Growth Plan, ERGP, of the federal government. “The Federal Government is committed to encouraging and attracting investments into critical sectors of the economy, to significantly impact development and deliver key benefits to the country,” he said.

“These benefits include economic growth and diversification, industrial and sectoral development, employment, skills and technology transfer, export development and import substitution,” he added. Ministry of Industry, Trade and Investment said the decision to lift the suspension followed the conclusion of critical reforms to the incentive regime aimed at promoting investments in the country. The minister said the FEC arrived at the new list after accepting the recommendation that two industries, among them mineral oil prospecting, which was previously governed by the Petroleum Profit Tax, PPT, be removed as one of the beneficiaries of the pioneer industries list governed by the Companies Income Tax Act.

Also, the Executive Secretary, NIPC, Yewande Sadiku, said the reforms by the government have further brought clarity, predictability and process efficiency to the PSI regime. We will continue with the reform process as we plan to take the PSI application process online. We will also engage with relevant stakeholders with a view to updating the existing legislations,” she said.

Pioneer status is a tax holiday granted by government to companies interested in investing in difficult sectors of the economy with the understanding that profits from their operations would be ploughed back to the business, to create jobs and boost the growth of the economy. The pioneer incentive scheme is governed by the Industrial Development Income Tax Relief Act to allow tax holidays to be granted industries not necessarily engaging in pioneering activities, but considered by government not mature and requiring support to grow.

Under the current arrangement, pioneer status grants a beneficiary company an initial five years tax holiday, subject to additional three years on approval. However, in September 2015, the government had imposed an administrative suspension on further processing of PSI applications, to allow for a comprehensive review and reform of the incentive regime. The government has said the reform was necessary to help increase transparency and process efficiency, better articulate the expected economic benefits, and improve its ability to measure the impact of the incentive.

In the new application guidelines, information on the considerations for assessing new PSI and extension applications would be provided online. Besides, the guidelines further outlines the application processes and timelines as well as the obligations of beneficiaries. The PSI grants companies making investments in qualifying industries and products a tax holiday from the payment of company income tax for an initial period of three years, with the possibility of an extension for one or two additional years.
Conditions for an industry or product to be designated with a pioneer status include if it was not being carried on in Nigeria on a scale suitable to the economic requirements of the country or not at all. Either where there are favourable prospects for further development, or if it was expedient, in the public interest, to encourage the development and establishment of the industry in Nigeria. The Nigeria LNG has been one company in the country that was granted pioneer status when it commenced business in 1989, to enable it venture into the business of harnessing Nigeria’s abundant natural gas resources for exports.

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Customs seizes multi million-naira petroleum products in Adamawa

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The Nigeria Customs Service under ‘Operation Whirlwind’ has seized petroleum products worth N181.6 million in eight weeks between the Nigeria and Cameroon borders.

ACG Kolapo Oladeji, national coordinator of Operation Whirlwind, disclosed this at a news conference on Thursday in Yola. Mr Oladeji said the seizures were made across various smuggling flashpoints in Adamawa in 55 separate operations.

“This operation is geared towards energy and food security to foster economic growth in line with the core mandates of the President of the Federal Republic of Nigeria, Bola Tinubu. In line with these mandates, the Operation Whirlwind Zone ‘D’ had repositioned all its machinery across the area of its responsibilities and ensured that the border became airtight,” he said.

He warned the smugglers to stop such acts and solicited the continued support and cooperation of all stakeholders in the state’s socioeconomic development. “We will ensure that the supply chains of these economic wreckers are truncated in accordance with enabling laws. This fight has no doubt helped in transforming the nation’s economy and strengthening the security of our borders,” he said.

He further said that the seized petroleum products would be auctioned to the public. Abidemi Adewumi-Aluko, assistant legal adviser of the attorney general of the federation, described the auction as a symbol of reclaiming resources to ensure that the benefit of petroleum remained in Nigeria. She said that such offences attracted life imprisonment because they threatened national security. NAN

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Chevron to join Nigeria oil licence auction, plans rig deployment in 2026

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Chevron said on Friday it will participate in Nigeria’s next oil licensing round and plans to deploy a drilling rig in late 2026 as it seeks to expand operations in Africa’s top energy producer.
Jim Swartz, chairman and managing director of Chevron Nigeria/Mid-Africa Business Unit, said the company aims to grow its footprint in Nigeria, citing improved regulatory clarity under the Petroleum Industry Act, PIA.

“We will participate in the next licensing round. Our intention is to continue to grow in Nigeria,” Swartz told reporters after meeting the upstream regulator. Nigeria’s licensing rounds are part of efforts to attract investment and boost output after years of underinvestment. The 2025 round will offer 50 fields through a digital platform, the Nigerian Upstream Petroleum Regulatory Commission (NUPRC) said. TotalEnergies has also expressed interest in joining an auction.
Chevron recently agreed to acquire a 40% stake in two offshore exploration licences, PPL 2000 and PPL 2001, from TotalEnergies and is seeking regulatory approval to accelerate development.

Swartz said it plans to bring in a rig in late 2026 to drill a newly discovered resource near Agbami and extend leases on existing assets. Swartz added that Chevron had recorded no oil theft or sabotage in the past year, the longest period without disruptions in its Nigerian operations, a sign of improved security in the sector. Reuters

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Don’t patronise touts, immigration personnel available 24/7—CGIS

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Comptroller General of the Nigeria Immigration Service NIS, Kemi Nandap, on Friday urged Nigerians to shun touts and middlemen when applying for passports or other immigration services, insisting that the Service operates round-the-clock channels to assist citizens directly and transparently.

Nandap made the call in Abuja while delivering the keynote address at the fourth-quarter Nationwide Sensitization Campaign against corruption and for improved service delivery.

The campaign, themed “Innovating for Transparency and Efficiency: Strengthening Service Delivery and Combating Corruption Through Reforms,” highlights the NIS’ ongoing efforts to modernize its operations and eliminate corrupt practices.

Addressing participants, the Immigration chief said the era of relying on agents or informal handlers should be over, as the Service has put in place fully digital, citizen-focused systems that allow applicants initiate and track their processes from the comfort of their homes.

She stressed that the NIS has functional 24-hour call lines, an active call centre, constantly monitored emails and social-media channels, all designed to ensure citizens are attended to promptly and without intermediaries.

“You don’t have to go to a tout, you don’t have to go to an agent. You can sit in the comfort of your home and apply for most of our facilities. Once you avoid putting yourself at the mercy of someone, you stay in control of your application and can always reach us at any time”, she stated. 

Nandap noted that recent reforms, including automated passport application processes, biometric-based verification, expanded digital architecture and streamlined service-centre operations, have significantly reduced delays, improved transparency and minimised opportunities for extortion.

She explained that passport processing timelines have improved across multiple commands following the rollout of automated scheduling and digital communication platforms.

The Comptroller General also emphasized that transparency remains the foundation of effective immigration management.

She highlighted enhanced internal audits, stricter enforcement of ethical codes and redesigned workflows as key elements of the NIS’ anti-corruption strategy.

With digital payments and automated checkpoints reducing cash interactions, she said the Service is committed to stamping out malpractice at all levels.

Nandap further disclosed that the NIS has deepened collaboration with sister agencies, civil-society groups, international partners and the diplomatic community to align operations with global border-management standards.

These partnerships, she said, are helping to harmonise processes, promote accountability and support ongoing reforms.

She appealed to citizens to familiarise themselves with official procedures, follow approved channels and use the Service’s feedback platforms—including suggestion boxes, hotlines and online desks—to report challenges or offer recommendations. “We are here for Nigerians. Tell us how to serve you better,” she said.

The Immigration CG also paid tribute to officers who lost their lives in the line of duty in Mogolu, Tuga, Tula and Niger State, calling their deaths a painful reminder of the risks faced daily by immigration personnel.

She urged Nigerians and officers alike to embrace positive change, adding that sustainable reform depends on individual commitment and collective responsibility. “The change we want starts with each and every one of us,” she said.

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