Nine companies invested N277.417 billion in three months – NIPC

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By Onyeka Ajumobi Onochie

The Nigerian Investment Promotion Commission (NIPC) has said that nine Nigerian companies, in the last three months of 2018, made as much as ₦277.417 billion investments and created about 1,733 direct jobs.

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The commission which stated this in a report, Pioneer Status Incentive, said it granted applications to 19 new companies and extended three applications between October 1 and December 31, 2018.

According to the commission, eight companies were granted Pioneer Status Incentive with confirmed production dates while one application was declined.

Twenty three (23) companies are currently the Pioneer Status Incentive in the reporting period.

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