Compendium of Investment Incentives in Nigeria

Guidelines compile investment incentives in Nigeria, such as tax holidays and duty waivers for local and foreign investors. They target businesses and advisors seeking investment opportunities. This helps investors access benefits to boost economic growth.

What Is This Policy?

A consolidated reference document that catalogues all available investment incentives in Nigeria, including tax holidays, duty waivers, export incentives, free trade zone benefits, and sector-specific concessions available to local and foreign investors.

Who Does It Target?

Local and foreign investors considering Nigeria Investment advisors and business consultants Government agencies promoting investment Export-oriented businesses and manufacturers

What Does It Aim to Achieve?

Provide a single, comprehensive source of information on all investment incentives available in Nigeria, making it easier for investors to identify and access applicable benefits.

Key Features

Pioneer Status Incentive: Corporate income tax holiday for companies in qualifying industries Export Processing Zone Benefits: Tax and duty exemptions for businesses in designated free trade zones Capital Allowances: Accelerated depreciation and investment tax credits for qualifying capital expenditure Duty Concessions: Import duty waivers and concessions for raw materials and capital equipment Sector-Specific Incentives: Special incentives for agriculture, mining, oil and gas, manufacturing, and technology

Current Status

Rollout Stage: Active reference document, updated periodically Coverage: All sectors of the Nigerian economy Lead Agency: Nigerian Investment Promotion Commission (NIPC) Administering Bodies: FIRS, Nigeria Customs Service, NEPZA, NIPC, and sector regulators

How to Access

The compendium is publicly available from the NIPC. Download from the NIPC website Contact NIPC for guidance on applicable incentives for specific investment plans Consult with tax advisors on eligibility and application procedures for each incentive

Official Resources

Website: nipc.gov.ng Contact: Nigerian Investment Promotion Commission, Abuja

Legal Framework

Compiled under the authority of the Nigerian Investment Promotion Commission (NIPC) pursuant to the NIPC Act 1995. Draws on the Industrial Development (Income Tax Relief) Act (Cap I7 LFN 2004), the Export Expansion Grant framework, the Oil and Gas Export Free Zones Act, the Finance Acts, and the Companies Income Tax Act (CITA). Aligns with ECOWAS Investment Policy and the AU Accelerated Industrial Development of Africa framework.