Section 167 Nigeria Tax Act 2025

Section 167 of the Nigeria Tax Act 2025 is about Eligibility for economic development incentive certificate. It provides as follows:

(1) An application for economic development incentive certificate may be made by a company incorporated in Nigeria, companies granted exemption from incorporation or by promoters of a company which is yet to be incorporated.

(2) An application for the issuance of an economic development incentive certificate by a company shall be considered under this section where the
qualifying capital expenditure to be incurred by the company on or before
production day, if the application is approved, is not below the amount specified
in the Tenth Schedule to this Act.