The PSI is a three-to-five year company income tax holiday administered by NIPC which accounts for the bulk of NIPC’s IGR. It had been on an administrative suspension since 2015 on account of perceived abuses, lack of transparency in its administration and concerns about discretionary approvals inconsistent with the provisions of the enabling law. No reports had been proactively published about the administration of the incentive.
However, on her watch, NIPC’s audited accounts for each of the years ended December 31, 2014 to 2020 were prepared and published, with copies sent to the Office of the Auditor-General of the Federation , Office of the Accountant-General of the Federation , Fiscal Responsibility Commission , Financial Reporting Council of Nigeria and the Federal Ministry of Industry, Trade and Investment
Highlighting what she met on ground at the NIPC, Ms Sadiku said, “In the three years before I assumed office, NIPC had a relatively high turnover in leadership, with five executive secretaries in that period: three substantive executive secretaries appointed by Mr President and two acting executive secretaries who were the most senior directors at the time.
She also explained that NIPC had a history of volatile industrial relations, with the supervising ministry, Ministry of Labour and Employment and the Presidency getting involved in resolving industrial disputes from 2014. The disputes were results of lingering issues, namely inadequate budgetary provision for training, lack of promotion and poor welfare for staff of the commission.
However, during her five-year tenure, Sadiku said she was able to resolve the controversy around the 2013 promotion examination in June 2017, and as approved by FMITI in October 2017, 33 staff members were promoted, including 11 in the directorate cadre, with the guidance of the Federal Civil Service Commission .
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