The Nigerian Investment Promotion Commission (NIPC) recently released an official gazette (the “Gazette”) of the list of pioneer industries and products. Although the Gazette was released in November 2018, it became effective in August 2017 following the approval by the Federal Executive Council (FEC) of the updated list of pioneer industries and products. The approval, which was granted in August 2017, saw the addition of 27 new industries to the pioneer list. A review of the Gazette shows that this increase is not necessarily based on inclusion of additional industries – the old 71 industries have been broken down further to provide more clarity and streamlining. In addition, the list of pioneer industries and products have been arranged by ‘sectors’ and ‘sub-sectors’, in line with the International Standard Industrial Classification of All Economic Activities.
The Gazette can be downloaded from the following link: https://www.nipc.gov.ng/mdocs-posts/list-of-pioneer-industries-and-products/
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