FG LIST 27 INDUSTRIES TO ENJOY TAX HOLIDAY
The federal government has announced a list of 27 new industries that is going enjoy tax holiday. This was able to take effect after lifting the administrative suspension on processing Pioneer Status Incentives (PSI) applications. Dr. Okechukwu Enelamah, The Minister of Industry, Trade and Investment, told journalists in Abuja doing the week that the pioneer status initiative seeks to help beneficiary companies. The industries that will benefit from this are: Mining and processing of coal; Processing and preservation of meat/poultry and production of meat/poultry products; Manufacture of starches and starch products; Processing of cocoa; Manufacture of animal feeds; Tanning and dressing of Leather; Manufacture of leather footwear, luggage and handbags; Manufacture of household and personal hygiene paper products. Others are: Manufacture of paints, vanishes and printing ink; Manufacture of plastic products (builders’ plastic ware) and moulds; Manufacture of b...