Tariff Based Incentives
Tariff Based Incentives
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
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
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
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.
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