Lafarge Africa Plc, Honeywell Flour Mills Nigeria Plc, Dangote Sinotrucks West Africa, and 34 other firms have been identified as companies currently enjoying Pioneer Status Incentive of the Federal Government.
According to the report, six new Pioneer Status Incentive was granted by the agency recently.
The new approvals were given to Savannah Sugar Company Limited, Daily Need Industries Limited, Tribute Lifestyle Global Concept Limited, Kalambaina Cement Company Limited, Wells Hosa Greenhouse Farms Limited, and Honeywell Flour Mills Nigeria Plc.
As of September 30, 2020, NIPC said a total of 37 companies were still enjoying the incentives while 102 applications were still pending.
The report on PSI applications processed between July 1 and September 30, 2020 stated that Lafarge Africa Plc, which manufacture cement, lime, plaster whose incentive was granted on January 1, 2018 and would expire on December 31, 2020.
NIPC said the PSI of Dangote Sinotrucks West Africa was granted on January 1, 2019 and would expire on December 31, 2021.
The report stated that three companies had their production date certificate confirmed in the third quarter of the year.
According to the commission, 28 new applications and three extension applications were received during the period.
Coscharis Farms Limited, Nascon Allied Industries Plc and Jigawa Rice Limited were among companies that filed new applications.
Afrifone Limited, PNG Gas Limited and Gowus Nigeria Limited were the companies whose extension applications were received by the commission.
It said three companies – Aarti Rolling Mills Limited, Pan Africa Towers Limited and Princess Medi-Clinics Nigeria Limited – were granted approvals-in-principle.
The report stated that the extension application filed by Aarti Steel Nigeria Limited was approved for an additional two years.
NIPC stated that no approvals were denied during the period.
A company that meets the qualifying criteria is issued a pioneer certificate by the NIPC.