Section 167

(1) An application for economic development incentive certificate Eligibility
for economic
may be made by a company incorporated in Nigeria, companies granted
development
exemption from incorporation or by promoters of a company which is yet to be
incentive
incorporated. certificate
(2) An application for the issuance of an economic development incen- Tenth
tive certificate by a company shall be considered under this section where the Schedule
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.