Nigeria Transitions from PSI to EDTI for Industrial Growth
Nigeria is recalibrating its tax-based incentive regime from PSI to EDTI to boost industrialization and economic competitiveness. The Federal Government aims to position Nigeria among the top 20 industrialized economies globally.
This reform includes enacting the Nigeria Tax Act 2025, which consolidates tax laws and replaces the Pioneer Status Incentive (PSI) with the Economic Development Tax Incentive (EDTI). The transition, effective from January 1, 2026, marks a strategic shift in Nigeria's investment incentive framework.
The EDTI will be administered by the Nigerian Investment Promotion Commission, aligning with the country's industrialization goals and global value chain integration efforts.
Plus234Feed summary based on reporting from NairaMetrics. Read the original report below.
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