NIPC Launches Compendium of Investment Incentives in Nigeria


Tuesday, November 07, 2017  07.09 AM / By Deloitte 

Nigeria Investment Promotion Commission (NIPC) in collaboration with Federal Inland Revenue Service (FIRS), on Friday, 3 November 2017, published the first edition of the Compendium of Investment Incentives in Nigeria (the Compendium). 

The launch of the Compendium further demonstrates Federal Government’s commitment to encouraging investments in Nigeria, in line with the objectives of the Economic Recovery and Growth Plan, as well as the Medium Term Expenditure Framework and Fiscal Strategy Paper for 2018 to 2020. 

The Compendium is a compilation of tax, tariff, export and sector based incentives, approved by Federal Government of Nigeria and supported by various legislation. 

NIPC, through the Compendium, aims to provide existing and new investors relevant information on available incentives with the overall objective of promoting new and incremental investments in Nigeria.

The Compendium is based on the 2016 Fiscal Policy which cuts across all industries and sectors. However, this first edition covers the following 5 sectors;

1. Agriculture / Agro-Allied

2. Solid Minerals

3. Manufacturing

4. Tourism/ Hospitality

5. Oil & Gas 

It is expected that the Compendium will be updated periodically, as more incentives are introduced by the Federal Government. 

It is also important for existing and potential investors to seek proper guidance in evaluating the benefits they stand to derive from taking advantage of any of the incentives in the Compendium, in order to make informed investment decisions. 

Download the Compendium HERE 

Related News

1.       The latest business competitiveness ranking: How close is Nigeria to the Promised Land?
2.      FIRS issues public notice on revised interest rate for unpaid taxes
3.      Public Private Partnership (PPP) as an anchor for diversifying the Nigeria economy
4.      NCCN Sub-National Competitiveness Index: Lagos leads overall ranking
5.      Ease of Doing Business Report: Nigeria’s Policy Reforms Bearing Fruit!
6.      Nigeria Ranked 125 Out of 137 Economies in the Global Competitiveness Report 2017–2018
7.      Nigeria is Moving Towards Mid-table in Ease of Doing Business
8.     Nigeria Up 24 places To 2013 Levels In World Bank Doing Business Report
9.      Building Institutions key to the advancement of Nations-Dr Obiageli Ezekwesili
10.  Inadequate Infrastructure, FX Regulations Are Problematic Factors for Doing Business in Nigeria
11.   Executive Orders: Key Enablers for Driving Execution & Impact
12.  Enabling Business Environment, Market Forces Can Encourage Telcos To List

Related News