Monday, 7 August 2017

FG Announces 27 Industries to Enjoy Tax Break Under Pioneer Status...See Full List

The federal government has released the full list of the 27 key industries and products included in the revised list of 'pioneer status' incentives for prospective investors.
Minister of Industry, Trade and Investment, Okechukwu Enelamah

The full list of the 27 key industries and products included in the revised list of ‘pioneer status’ incentives for prospective investors, has been released by the President Muhammadu Buhari-led federal government.

It was gathered that while speaking at the end of the meeting of the weekly Federal Executive Council (FEC), last week, the Minister of Industry, Trade and Investment, Okechukwu Enelamah, had disclosed the approval given to the 27 industries, did not list the 27 industries.

Here is the full list of the 27 industries to enjoy the pioneer status.

1. Mining and processing of coal;
2. Processing and preservation of meat/poultry and production of meat/poultry products;
3. Manufacture of starches and starch products;
4. Processing of cocoa;
5. Manufacture of animal feeds;
6. Tanning and dressing of Leather;
7. Manufacture of leather footwear, luggage and handbags;
8. Manufacture of household and personal hygiene paper products;
9. Manufacture of paints, vanishes and printing ink;
10. Manufacture of plastic products (builders’ plastic ware) and moulds;
11. Manufacture of batteries and accumulators;
12. Manufacture of steam generators;
13. Manufacture of railway locomotives, wagons and rolling stock;
14. Manufacture of metal-forming machinery and machine tools;
15. Manufacture of machinery for metallurgy;
16. Manufacture of machinery for food and beverage processing;
17. Manufacture of machinery for textile, apparel and leather production;
18. Manufacture of machinery for paper and paperboard production;
19. Manufacture of plastics and rubber machinery;
20. Waste treatment, disposal and material recovery;
21. E-commerce services;
22. Software development and publishing;
23. Motion picture, video and television programme production, distribution, exhibition and photography;
24. Music production, publishing and distribution;
25. Real estate investment vehicles under the Investments and Securities Act;
26. Mortgage backed securities under the Investments and Securities Act; and
27. Business process outsourcing.
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