Nigeria is reportedly planning to introduce a new Economic Development Incentive (EDI) scheme aimed at boosting sustainable economic activity and attracting investment into strategic sectors. The new scheme is intended to replace the current Pioneer Status Incentive. Under the EDI scheme, companies will receive a 5% annual tax credit over five years (totaling 25%) based on the value of their qualifying investments, which is in addition to existing capital allowances. Priority sectors will be targeted for the EDI scheme, including agriculture, critical infrastructure, and manufacturing.