[ct_button id=”button_70″ size=”big” link=”https://www.aziza.com.ng/oil-and-gas-free-zones-authority-business-incentives-in-nigeria/” icon=”” bg_color=”#”]click for Oil and Gas Free Zones Authority Business INCENTIVES in Nigeria 1[/ct_button]
LOGISTICS AND SUPPLY CHAIN INCENTIVES of Oil and Gas Free Zones Authority Nigeria
- Waiver on pre-shipment inspection of goods (a current requirement for imports into Nigeria)
- Faster clearance of goods (time and consequent cost savings)
- Round-the-clock operations (eliminating costly delays)
- Direct access to sea port and international airport (ensuring faster and cost efficient movement of equipment)
- One-stop-shop (eliminating double handling of cargo, and the resultant cost savings)
- Availability of support services: stevedoring, terminal and supply base operators, stockist, ship/boat maintenance etc. (Reducing delays and enhancing efficiency).
ADDITIONAL INCENTIVES of Oil and Gas Free Zones Authority Nigeria
(Manufacturing, Assembling, Processing)
In line with the growing needs and requests by the market and global economy, some benefits have been extended to some sectors initially excluded from the incentives.
- Duty Payment on Raw Materials only.
- Enterprises in the Free Zones are allowed to export into Nigerian territory up to 100% of their products.
- The amount of import duties on goods manufactured, processed and assembled in the Free Zones and exported into the Nigerian Customs Territory shall be the rate of duties applicable to raw materials in the state in which they were originally introduced into the Free Zones.
- All trades and commercial goods imported into the Free Zones in finished forms, without value addition, shall attract full duty on export into the Nigeria Custom Territory.
- 75% Import Duty rebate.