Executive summary

The Nigerian Investment Promotion Commission (NIPC) released the Economic Development Tax Incentive (EDTI) application guidelines (Guidelines) to the public on 18 July 2026, marking a significant milestone in the implementation of the EDTI regime under the Nigeria Tax Act 2025 (NTA).

The EDTI is a tax incentive under the NTA that allows eligible companies a 5% tax credit over a five-year period, based on certain qualification criteria. The application process falls under the purview of the NIPC.

In addition to releasing the Guidelines, the NIPC has also communicated that the relevant application forms will be made available on its website soon. The Guidelines can be viewed on the NIPC website (https://nipc.gov.ng/services/edti), helping eligible businesses to further understand the details of the application process.

The publication of Guidelines and application requirements marks the operational rollout of the EDTI framework and indicates that eligible businesses may begin submitting applications for the incentive.

Key developments

Following the rollout of the regime, businesses that meet the prescribed eligibility criteria may now submit applications in accordance with the requirements and procedures issued by the NIPC.

This development marks the next phase in the implementation of the EDTI, transitioning the framework from a legislative and policy initiative to an operational incentive regime. It also provides greater certainty for investors and businesses seeking to evaluate and access the tax benefits of the EDTI under the NTA.

What this means for businesses

Businesses intending to apply for the EDTI should consider the following actions, depending on their particular circumstances:

• Review the published application guidelines and eligibility requirements.
• Assess whether the business satisfies the qualifying criteria under the NTA.
• Collate the required supporting documentation.
• Commence the application process at the NIPC.

Given the technical nature of the eligibility requirements and application process, businesses may also wish to seek professional advice to assess their eligibility, navigate the application requirements and help address compliance with the conditions of the EDTI framework.