Administering Agencies:

  • Federal Ministry of Finance
  • Federal Inland Revenue Service
  • Nigeria Customs Service

 

Agriculture: Agriculture, Agro-allied and Agro-processing

  • 0% Import duty on agriculture equipment and machinery HS Headings 84, 85 and 90
  • 0% Import duty rate greenhouse equipment has been classified as agricultural equipment HS Heading 94.06

Agriculture: Agricultural Commodities

  • 10% Import duty rate and 20% Levy on husked brown rice HS 1006.20.00.00

Transportation: Aviation

  • 0% Import duty on commercial aircraft HS Heading 88 only for registered commercial aircraft operators

Power: Electricity Generation, Distribution and Transmission

  • 0% Import duty on equipment & machinery in the power sector HS Headings 84, 85 and 90

Solid Minerals: Mineral Mining

  • 0% Import duty on equipment & machinery in the mineral mining sector HS Headings 84, 85 and 90

Manufacturing: Sugar Processing

  • 5% Import duty rate and 5% levy on raw sugar import for local processing HS 1701.11.00.00 – 1701.12.00.00 Available to sugar refineries that are signed onto the backward integration policy of Government on sugar development

Manufacturing: Iron & Steel

  • 0% Import duty rate on importation of billets HS 7207.11.00.00 and 7207.19.00.00
  • 0% Import duty rate on importation of hot rolled steel sheets/coils HS Heading 72.08

Manufacturing: Automotive Design and Development

  • 35% Import duty rate and 0% levy on concessionary FBU import by assembly plants (APs): Importation of FBU cars HS Heading 87.03 equal to their CKD/SKD imports for the period of 2016 – 2018. Half of their imported CKD/FBU kits for the period of 2019 – 2024
  • 20% Import duty rate and 0% levy on concessionary FBU import by assembly plants (APs): Importation of FBU commercial vehicles HS Heading 87.02, 87.04, 87.05, 87.06, 87.07 and 87.16 equal to their CKD/SKD imports for the period of 2016 – 2018.Half of their imported CKD/FBU kits for the period of 2019 – 2024
  • 5% Import duty rate on local tyre manufacturing plants: Importation of tyres equal to twice the production for two years from the date of commencement of production

General requirements to access tariff based incentives

  • Evidence of registration with the Corporate Affairs Commission;
  • Tax compliance by means of Tax Identification Number; and
  • Certification by relevant Ministry (where applicable) – agriculture, automotive, greenhouses and power.