EXPORT (INCENTIVES AND MISCELLANEOUS PROVISIONS) ACT
Act · Trade
An Act provides fiscal incentives for Nigerian exporters to boost non-oil exports. It targets manufacturers, agricultural exporters, and bodies like the Nigerian Export Promotion Council for support through tax breaks and duty refunds. This enhances trade balance and diversifies the economy away from oil.
EXPORT (INCENTIVES AND MISCELLANEOUS PROVISIONS) ACT
What Is This Policy?
An Act providing a package of fiscal and financial incentives for Nigerian exporters to encourage non-oil export diversification and improve Nigeria's balance of trade.
Who Does It Target?
Nigerian exporters of manufactured and processed goods Agricultural exporters Nigerian Export Promotion Council (NEPC) FIRS administering export incentives
What Does It Aim to Achieve?
Diversify Nigeria's exports away from crude oil by making non-oil exports more competitive through duty drawbacks, tax incentives, and other financial support.
Key Features
Duty Drawback: Exporters may claim refund of import duties paid on raw materials incorporated into exported products. Tax Incentives: Qualifying export-oriented businesses may claim income tax relief on export profits. Export Expansion Grant: The EEG scheme provides cash grants to exporters achieving defined export targets. NEPC Role: NEPC administers the export incentive schemes and certifies qualifying exporters.
Current Status
Rollout Stage: Active — EEG scheme being reformed Coverage: Nationwide export sector Beneficiaries: Nigerian exporters; non-oil export diversification Funding: Revenue concession; government grant allocations
How to Access
Register with NEPC as an exporter File duty drawback claims with Customs within prescribed timelines Provide export documentation evidencing export of qualifying goods Application method: Register and claim at https://www.nepc.gov.ng
Important Terms
EEG claims require verified export evidence through the Nigerian Export Proceeds (NXP) form Duty drawback claims must be filed within 12 months of export Fraudulent export documentation invalidates all incentive claims
Official Resources
Website: https://www.nepc.gov.ng Contact: Nigerian Export Promotion Council (NEPC)
Legal Framework
Enacted under the legislative powers of the National Assembly as the Export (Incentives and Miscellaneous Provisions) Act (Cap E22 LFN 2004). Operates alongside the Nigerian Export Promotion Council (NEPC) Act, the Companies Income Tax Act (CITA), the Customs and Excise Management Act, and the Export Expansion Grant framework. Aligns with WTO Agreement on Subsidies and Countervailing Measures provisions on export subsidies.