The Desirability of the Pioneer Status Incentives as a Driver of the Nigerian Economy
The quest to improve the economy by any Nation is by no means a walk in the park. Nations, their leaders and leaders of their economic teams are faced with the uphill task of attracting investors and investments to boost the economy and consequently tap from the enormous multiplier effect is augurs, portends and promises. Faced with the dilemma of increasing revenue by way of meticulous taxation and the need to attract investments into the Country by assuaging and relieving the companies of their tax burden concerns, the Nigerian Government like some other economies has introduced tax waivers and holidays as investment incentives to this effect. The thrust of this paper examines one of such investment incentives – the pioneer status incentive for what it is, what is has been since its inception in 1970 and what it ought to be.