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Incentives for Investors
Decreasing Tax Payments
Companies that export at least 50 percent of their annual turnover minimize their tax burden.
Write-Off on Assets
Companies can achieve an extra 5 percent write-offon plant and machinery if they export 50 percent of their annual production abroad. Furthermore 40 percent of the raw materials used must come from Nigeria.
Tax Exemption and Research Grants
Investments in mining stay tax-free for three to five years, benefit from tax deferment for large projects, financial research grants, funded infrastructure (roads, electricity, etc.) and write-offs for companies that are 100 percent foreign owned. ...
