A latest report by the Nigerian Investment Promotion Commission (NIPC) has confirmed that approximately 107 companies are reaping the benefits of the federal government’s tax exemption under the Pioneer Status Incentive (PSI) scheme for the fourth quarter of 2023.
The tax holiday initiative is aimed at fostering economic growth by encouraging investments in various sectors.
The PSI, outlined in the Industrial Development Income Tax Act, offers a tax holiday to qualified industries, allowing them to enjoy a three-year exemption from corporate income tax, with a possible extension for one or two additional years.
This incentive is recognized as a strategic measure to stimulate economic in…
[6:32 PM, 4/1/2024] Conclave publisher: Unilorin expels, rusticates 19 students for examination malpractice, theft
University of Ilorin has rusticated 19 students involved in various offences.
Their offences ranged from misconduct, theft, examination malpractice, hostel bed-space racketeering, extortion and assault to admission racketeering.
Those expelled included six final year students, the varsity’s Director of Corporate Affairs, Mr Kunle Akogun stated in Ilorin on Monday.
“The expulsion or rustication of the affected students followed the recommendations of the Students’ Disciplinary Committee at its 220th/221st meeting,’’ he stated.
Majority of the students expelled were either in their first year, second, third, or fourth year in school.
While some of the students were expelled, others were rusticated either for one academic session or for one semester. (NAN)
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