New Investors
The overall objective for adoption of Free Zones in the country is to create an enabling environment aimed at enhancing economic growth and development of export oriented manufacturing in the non-oil sector of the economy, as well as the propagation of the Nigerian content policy in the oil & gas sector in order to diversify the country's economic base, attract Foreign Direct Investment.
See Business Incentives for Investors Below
Duty-Free Imports
Duty-free import of raw materials, capital goods and other input for production.
100% Repatriation
Businesses are allowed full repatriation of capital, profit and dividends.
Tax Holiday
Complete tax holiday from all forms of taxes, rates and levies.
Immigration Waiver
Enjoy immigration waiver on expatriate quota.
Market Access
Permission to sell 100% of goods into domestic market.
Foreign Ownership
100% foreign ownership
of investments.
Ease of Doing Business
One-stop approvals for permits, operating license
Rent Free
Rent free land during the first 6 months of construction for government zones.
Why Invest in Nigeria
Nigeria's Economy
The increasing attractiveness of Nigeria's investment climate and the growing confidence in the economy was brought about largely by the pragmatic economic reform agenda being implemented since 1999. The reforms have resulted in transparency, accountability and openness in the way businesses are transacted coupled with the adoption of liberal and market oriented reforms.