The Export  Processing Zone (CEPZ)

Calabar, Nigeria

The Calabar Export Processing Zone (CEPZ) is the premier Export Processing Zone (EPZ) in Nigeria, the giant of Africa. It is located in the historic port city of Calabar, Cross River State.

The CEPZ provides the necessary enabling environment for the setting-up, development, expansion and growth of export-oriented manufacturing industries in the non-oil sector of the Nigerian economy. It is situated on 152 hectares of prime real estate, adjacent to the modern seaport of Calabar. There is an additional 20 hectares of land available for future expansion. The Calabar EPZ is equipped with all modern conveniences, good roads, steady power and water supply, telecommunications and very good security. Prebuilt factories are yours for the asking, with every conceivable facility available 24 hours of the day.

Thinking about setting up an export industry in Nigeria? There's no better place to do it than at the Calabar Export Processing Zone, where you can be rest assured that your investment is safe and will pay for itself in a very short time!

Calabar  

Calabar, the capital of Cross River State, is one of the major seaports in Nigeria. As such, it is ideally suited for use by the Calabar Export Processing Zone.
The port lies about 93 kilometers (58 miles) from the fairway buoy and 8 kilometers (5 miles) from the main channel of the Cross River. It occupies approximately 38 hectares of land, and has a fully-buoyed river channel which is 80 nautical kilometers (about 50 nautical miles) long and 150 meters (490 feet) wide. Annually, about 1.5 million metric tonnes of cargo can be handled at the port, which is located less than 2 kilometers (1.25 miles) away from the Calabar EPZ.
In addition, the Port has a health center, offering medical services to ships either at anchorage or at berth. Good berthing/transit cargo storage facilities as well as stevedoring services are provided for. There is also a slipway graving (dry dock) attached, with machine shops which are capable of fabricating new parts and repairing old ones.

Raw Material Resources in Cross River State

SOURCE: Raw Materials Research & Development Council, Calabar. Last Updated August 2, 1999.
MINERAL RESOURCES

S/N

MINERAL

LOCAL GOVERNMENT AREA

LOCATION

REMARKS

1.

Uranium

Yakurr

Ugep, Agoi

Extent of deposit not yet determined

Pyrite

Akamkpa

Mile 18, after Odukpani/Yala Junction on the way to Awi

Exist in Sedimentary Layers

2.

Barytes

Yala

Alifokpa

Exist in sedimentary layers

Yakurr

Agoi Ibami

Small scale

3.

Petroleum

Akpabuyo

Idundu Qua Town

Quantity not yet determined

Bakassi

(Offshore)

Quantity not yet determined

4.

Coal

Akamkpa

Sediment of low and upper coal in the Eastern Flanks of Akpamkpa

Extent of deposit not yet determined

5.

Manganese

Akamkpa

Oban Rubber Estate

Extent of deposit not yet determined

6.

Gelena/Lead Zinc

Yala

Gabu and Alifokpa

Extent of deposit not yet determined

7.

Salt

Obubra

Ibene in Ababene

Extent of deposit not yet determined

Salt deposits

Yala

Okpoma, Gabu, Ijegu, Oba Olochor, Woda

40 km in length and reaches its greatest width of 112.8 km at Gabu/Echimoga. In the Okpoma vicinity, it is by the Abakaliki/Afikpo Road. The relief of the area is mild. Salt is produced in most of these areas traditionally.

Abi

Egbokoriko, Ogoho, Onyi

Exploited for local salt use.

Etung

Akparabong and Abia

Exists in large quantities. The Akparabong brine hold is located about 4.8km from Akparabong village.

Obubra

Ibene-Ababene Road

Exploited for local salt use.

8.

Iron Ore

Obubra

Ofioji in Isobo Yala beach

Deposits yet to be determined

Geothite 62% lateritic iron stone ore

Obubra

Obubra Urban

Deposits yet to be determined

9.

Talc

Obudu

Okwel Osa Mountain

Extent of deposit not yet determined

Obanliku

Near Sankwala Market about 15km Sout East of Obudu

Extent of deposit not yet determined

10.

Mica/Illmenite

Obudu

Ohong & Alege

Extent of deposit not yet determined

Obanliku

Bendi (near the road to Wula).

Extent of deposit not yet determined

Boki

Nsadop/Boje Axis

Extent of deposit not yet determined

Akamkpa

Akamkpa

Extent of deposit not yet determined

11.

Tin Ore

Biase, Yakurr

Akwaibami Agoi Ibami

Deposit yet to be determined

Ogoja

Ogoja

Deposit yet to be determined

Obudu

Obudu

Deposit yet to be determined

12.

Gold

Obudu

Traces in crystalline basement of Okorotong.

Deposits yet to be determined

Akamkpa

Oban Massifs

Deposits yet to be determined

13.

Quartz & Glass Sand

Ikom

Ikom Town, Ibine

Deposits yet to be determined

Akamkpa

Oban, Mfamosing

Deposits yet to be determined

Obudu

Okorotong Hills

Deposits yet to be determined

Quartz Muscovite

Obubra

Edondon

Deposits yet to be determined

Pure Quartz

Obubra

Iyamoyong

Deposits yet to be determined

Granite

Obanliku

Bebi, Ugbakkoko

Ranch/ SGEN Co. Ltd. Established a Quarry during the construction of the Obudu Road. Huge deposits still unexploited.

Sharp Sand

Calabar North

Ikot Omin, Ikot Effanga, Kasuk Town, Obutong Old Town, Ikpa

Deposits are being exploited though the quantity is not estimated.

Calabar South

Efut Uwanse, Efut Abua

Deposits are being exploited though the quantity is not estimated.

14.

Limestone

Akamkpa

Mfamosing

Available in commercial quantities. The most suitable of reef limestone are available in the area between Odukpani and Mfamosing.

Odukpani

Etankpini, Uwet Akpa

Deposits are untapped.

Calabar

Okranibang (Essien Town)

Deposits are untapped.

Obubra

Ofat (67% Carbonate)

Deposits are untapped.

Ochon-Isabang Road, (70% Carbonate)

Deposits are untapped.

Ababene-Omune road (65% Carbonate)

Deposits are untapped.

Yakurr

Ugep

Deposits are untapped.

Silicious Slight Limestone

Odukpani

Calabar - Odukpani Road and Uwet

Found in the course of road construction. The deposit is untapped.

15.

Tourmaline

Akamkpa

Uwet

Pegmatite intruding the Uwet granodiorite are source of primary tourmaline in Cross River State.

16.

Clay

Obanliku

Bendigie, Bukumaya, Bendi, Bassang

Deposit is being exploited by traditional pottery industries.

Ogoja

Ishibori

Deposit is being exploited by traditional pottery industries.

Akpabuyo

Idundu, Qua Town

Deposit is being exploited by traditional pottery industries.

Obubra

Iyamitet

Deposit is being exploited by traditional pottery industries.

Calabar North

Ikot Omin, Ikot Ansa, Essien Town, Okranibang

Deposit is being exploited by traditional pottery industries.

Calabar South

Ekondo, Anantigha River Bank, Uwanse Creek

Deposit is being exploited by traditional pottery industries.

Clay Mineral illite (highly solicious)

Obubra

Appiapumtet and Ofumbongha one

Extent of deposit not yet determined.

Clay Mineral Motomorillonite (Smectite)

Obubra

Ogurude

Extent of deposit not yet determined.

Clay Mineral Kaolinite with Geothite impurities

Obubra

Ovonum

Extent of deposit not yet determined.

Kaolin

Obudu

Alege (mined by Geominex Nig. Ltd.), Betukwe, Mba, Bebuabong

Deposits yet to be determined.

Akpabuyo

Idundu, Qua Town

Deposits yet to be determined.

Calabar North

Ikot Omin, Esuk Utan

Deposits are being exploited by the local population.

Spring Water

Obanliku

Bottom Hill Obanliku

Can sustain a large-scale water bottling project.

Calabar North

Essien/Simon Spring in Essien Town

Can sustain a large-scale water bottling project.

Calabar South

Uwanse Stream

Can sustain a large-scale water bottling project.

SOURCE: Raw Materials Research & Development Council, Calabar. Last Updated August 2, 1999
AGRO-BASED

S/N

LOCAL GOVERNMENT AREA

RAW MATERIALS

1.

ABI

Oil Palm, Cassava, Poultry, Maize, Forest Produce, Fruits and Vegetables, Rice

2.

AKAMKPA

Timber and Forest Produce, Vegetables and Fruits, Raffia Palm, Poultry, Bamboo, Oil Palm, Rubber, Gmelina.

3.

AKPABUYO

Oil and Palm Produce, Poultry, Cassava, Raffia, Forest Produce and Timber, Fish, Fruits, Kolanut.

4.

BIASE

Fruits and Vegetables, Plantain/Banana, Timber and Forest Products, Bamboo, Oil Palm.

5.

BOKI

Plantain/Banana, Fruits and Vegetables, Livestock, Oil Palm, Bamboo, Cocoa, Poultry, Timber and Forest Produce, Cane Ropes, Coffee.

6.

CALABAR NORTH

Fishery, Raffia Palm, Cassava, Oil Palm, Rubber, Vegetable.

7.

CALABAR SOUTH

Fishery, Vegetables, Cassava, Oil Palm, Raffia Palm.

8.

BAKASSI

Fishery, (Fish Crayfish, Oysters, Clams, Periwinkles), Raffia Palm, Forest Produce, Beniseed.

9.

ETUNG

Plantain/Banana, Cocoa, Fruits (Pineapples, Oranges etc) Timber and Forest Produce, Oil Palm, Maize, Livestock, Poultry, Cassava, Cane Ropes, Coffee

10.

BEKWARRA

Maize, Cassava, Groundnut, Oil Palm, Yam, Beniseed.

11.

IKOM

Plantain/Banana, Cocoa, Fruits, Timber and Forest Produce, Livestock, Yam, Poultry, Oil Palm, Gmelina, Corn, Coffee.

12.

OBANLIKU

Maize, Poultry, Livestock, Forestry and Timber, Oil Palm, Yam Beniseed, Groundnut, Kolanut, Cassava, Rice, Plantain/Banana.

13.

OBUBRA

Fruits (Mango and Oranges), Rice, Yam, Oil Palm, Cassava, Timber and Forest Produce, Maize, Cocoa, Fish.

14.

OBUDU

Poultry, Oil Palm, Beniseed, Yam, Livestock, Kolanut, Groundnut, Maize and Millet, Plantain/Banana.

15.

ODUKPANI

Fishery, Plantain and Banana, Fruits and Vegetables, Timber, Rubber, Oil Palm, Raffia, Bamboo, Cassava, Maize, Kolanut.

16.

OGOJA

Maize and Millet, Cassava, Poultry, Sugar Cane, Yam, /rice, Livestock, Groundnut, Oil Palm.

17.

YAKURR

Fruits, Rice, Yam, Rubber, Oil Palm, Poultry, Timber and Forest Produce, Cassava, Maize.

18.

YALA

Maize and Millet, Cassava, Oil Palm, Poultry, Yam, Rice, Livestock, Sugar Cane, Fruits, Beniseed.

 

Incentives For Setting Up Here

One-stop Approvals by the EPZ Administration and its supporting agencies to handle almost all phases of operation in the Zone

Exemption from all Levies, Rates, Customs Duties, and Taxes (Federal, State, and Local Government)

Repatriation of foreign capital investment in EPZs at any time (with capital appreciation on the investment)

No import or export licenses required

Land for Factory Space is provided Rent-Free

Warehouses, standard pre-built Factories, transportation, etc. available in the Zone

Unrestricted remittance of profits and dividends earned by investors in the Zone

100% Foreign Ownership of Enterprises in the EPZ is allowed.

25% of production can be sold in the domestic market. We are currently considering that this percentage of volume available for the domestic market be increased.

No quotas on products from Nigeria exported to the European Economic Community or to the United States

"Made In Nigeria"-goods entitled to preferential tariffs in the E.U. (Nigeria is a signatory to the Lomé Convention)

Access to the largest English-Speaking Market in Africa

Ideally located to serve European and North American Markets

 

The Calabar EPZ's Infrastructure

At the Calabar EPZ, we are privileged to have access to some of the best facilities in the country. Below is a list of them.

Serviced plots: A total of 152 hectares of land has been developed as the Export Processing Zone. There is an additional 20 hectares available for expansion. A total of 80 serviced plots have been delineated for allocation to prospective investors for self-built facilities. The Nigeria Export Processing Zones Authority has final say on the design and construction of such factories.

Pre-Built Standard Factories:These are available to investors for immediate occupation to facilitate immediate commencement of business operations. They are designed and constructed to ensure safety and convenience. There are 8 Type A factories (area 1185 m2) and 4 Type B factories (area 1890 m2) availablenow, with more to be completed soon. Each factory block is provided with operational offices for managers, supervisors, etc., rest rooms, and changing rooms.

Roads and Street Lighting:A total of 10 kilometers (6.25 miles) of asphalt roads has been constructed. All buildings within the Zone are connected to the road network, which is designed for a high concentration of traffic. Street light, of course, are provided, as well as all necessary signs.

Sewer and Drainage System:A comprehensive waste management system is in place, which can cope with both human and industrial waste. A sewage treatment plant has been installed for the purpose of handling waste within the Zone.

Power and Water Supply:A regular and uninterrupted supply of electricity comes from  a 33 kV/11 kV mains substation located within the Zone. In addition, 3 giant standby electricity generators are available. Each generator has a 3981 kW capacity. Potable water is supplied from 2 treated boreholes.

Environmental Laboratory: This laboratory provides services for effluent monitoring of industrial waste. It is also responsible for regular inspection of factories to ensure adequate treatment of waste before it is disccharged to the sewer line.

Telecommunications: Recognizing the need for a fast and efficient telecommunication system, the Calabar EPZ is equipped with a digital telecommunication system. It provides integrated customer access to its switching capabilities which can provide simultaneous voice/data services.

The 960-line (expandable to 3000 lines) system has:

call transfer

call waiting

call hold

hot line

executive override

access restriction

call forwarding

hree-way conferencing

speed calling

"don't disturb"

night answering

bad line reporting

 

Common Facilities: These include:

Administrative Block: a two-storey building providing office space for all departments and units at the Zone level. Provided in the block is a mini-Auditorium, a Library, and a Telecommunications Office.

Canteen/Mess Hall: This is well-equipped to cope with the meal requirements of all employees in the Zone, with a menu of local, continental, and Chinese food. We also can supply menus for special dietary or religious restrictions.

Fire-Fighting Station: A modern fire-fighting facility is already in place. With our well-trained and -equipped fire fighters, we can ensure the safety of both lives and property within the Zone.

Police Station: The existence of a contingent of the Nigeria Police Force in the Zone also helps to provide a secure base for operations. The entire Zone is well-secured with a 3-meter (10-foot) high perimeter sandcrete wall fence built around it. Three gates are provided at strategic positions along the length of the wall to allow for easy flow of pedestrian and vehicular traffic.

Warehousing and Transportation Services Centre (WTSC): The Centre provides cargo handling, storage, delivery and transportation services for all enterprises within the Calabar EPZ. There are three large Warehouses fully equipped with modern cargo handling and delivery facilities.

Banking Facilities: Approved commercial banks are locating within the Zone to offer all necessary banking services to investors. Banking services to be provided include foreign exchange settlement, accepting deposits, issuance of Letters of Credit (L.C.), and comprehensive off-shore banking services.

 

Business Costs at the Calabar EPZ

Business Costs at the Calabar EPZ

Facilities/Services

Periods/Units of Charge

Amount

Remarks

Development Fees for Infrastructure

Yearly

A*

Contribution towards the construction cost of such services as roads, fence wall, drainage, sewage system and plant, telecoms, power & water supply system, etc.

Purchase of Standard Factory Buildings:

  • Type A: 1185 m2
  • Type B: 1890 m2

Per unit

  • Type A:  N 20m
  • Type B:  N 30m

Cost to exclude ground rent which is N 100/m2 a year

Renting of Standard Factory Buildings:

  • Type A: 1185 m2
  • Type B: 1890 m2

Rent is for 15 years

N 1,000/m2 per year

Payment of 40% lease value on approval; 30% of value at end of 5th year; 30% of value at end of 10th year.

Leasing of Serviced Plots

m2 per year

B*

Minimum of leasing size is 2000 m2 over a 15-year period. 40% down payment on completion of factory construction, then 30% after 5 years and the balance at the end of the 10th year.

Management Fee

Half-yearly

0.5% of FOB value of exported products

For financing the maintenance of public facilities such as fire fighting, security and sanitation.

Zone Promotion Fee

Half-yearly

0.5% of FOB value of exported products

For financing of the Zone's promotional activities, e.g. seminars, advertising, etc.

Registration and Other Fees:

  1. Company Registration
  2. Boiler and High-Pressure Container Safety Inspection Fees

Percentage of Share Capital

  1. 0.04% of invested capital
  2. 0.006% of the value of the boiler and pressure container
 

Warehousing Fee

Weekly

N 500 per tonne or per m2 (whichever is higher)

Fee shall depend upon space occupied, tonnage, and period of storage.

Transportation Fee

Tonnage/km

  1. N 10,000 from the Zone to the port
  2. N 4 per tonne/km (subject to maximum tonnage of truck allowed) for trips outside the Zone to any part of the country.

Security personnel of the Zone always accompany trucks.

Post Office Fee

Yearly

As billed by NIPOST (the national postal agency)

Post Office boxes will be rented out over a period of 10 years. Other services provided by the Post Office will attract charges at the prevailing rates.

Environmental Laboratory Fee

Available upon request

As billed

The Environmental Unit provides services for the testing of waste and effluent within the Zone and for individual investors upon request. Fees for such services will depend upon the complexity and number of tests to be carried out.

Electricity Supply

KWAh

N 3 per kilowatt-ampere hour, plus 15% as service charge

Cost of power consumption will be based on units consumed.

Water Supply

m3

N 20/m3

Water consumption cost will depend on the amount of water consumed by the respective investors.

Telecommunication:

  • Telephone
  • Fax
  • Telex

Minutes

As billed, plus 15% service charge

Charges will depend on time spent, with a minimum period of 3 minutes.

Clinic

Per patient

As billed

 

Cargo handling facilities

Tonnage

As billed

As provided within the Zone.

* where A + B = between N 40 and N 70 per m2 per annum  These rates are subject to change without notice.

 

EPZs and EPFs

Export Processing Zones (EPZ) Scheme

Export Processing Zones are clearly delineated and fenced industrial estates forming a free trade enclave within a nation's customs and trade regime. They are normally provided with liberal tax incentives, exemptions to duties on raw materials, equipment, plant and machinery. Excellent infrastructural facilities, conducive to export growth and development, are also provided. EPZs generally have four basic freedoms central to their operations:

freedom of ownership

relative freedom from customs

freedom from foreign exchange controls, and

freedom from taxes.

The Nigeria Export Processing Zones Decree (now Act) No. 63 of 1992 further provides as follows: the President and Commander-in-Chief of the Armed Forces may from time to time order, upon the recommendation of the Nigeria Export Processing Zones Authority (NEPZA), designate such areas as he thinks fit to be an Export Processing Zone. Such Zones may be operated and managed by a public entity, a private entity, or a combination of public and private entities, under the supervision of and with the approval of the Nigeria Export Processing Zones Authority.

Export Processing Factories (EPF) Scheme

The decision of the Federal Government to extend the Export Processing Zones' policies to include Export Processing Factories was made in 1995. Like the Export Processing Zones, the EPF Scheme is a strategy to shift emphasis from dependence on petroleum oil to export manufacturing in the non-oil sector through the encouragement of export-oriented industries.

The Export Processing Factory Scheme allows the application of the EPZ package of incentives to deserving private factories with the capability and high potential to manufacture goods for export. Such approvals are granted on their own merit by NEPZA on a case-by-case basis.  Like the EPZs, intending EPF operators apply to NEPZA with full details of the company and feasibility reports.

To date, there are three Export Processing Factories in Nigeria:

Aluminium Smelter Company of Nigeria (ALSCON), Ikot-Abasi, Akwa Ibom State, which produces aluminium ingots;

Stanmark Cocoa Processing, Ondo, Ondo State, which produces cocoa butter and cocoa powder; and

Coop Cocoa Industries, Akure, Ondo State, which also produces cocoa butter and cocoa powder.

 

COMPANIES in the Calabar EPZ

Below is a list of the Companies who have been given approval to operate in the Calabar Export Processing Zone.

COMPANIES in the Calabar EPZ

Name of Company

Products

Golden Giant Industries

Textile & Garment Manufacturing

Hwafong Autoparts Manufacturing (Nigeria) Limited

Manufacture of Tyres & Tubes

SLOK Nigeria Limited

Clothing & Food Processing

Formosa Industries

Wood Processing

WoodTech Industries Limited

Wood Processing

AP Petroleum

Petroleum Derivatives Processing

Sosega Nigeria Limited

Vegetable Oil Processing

Union Forest Industries Limited

Wood Processing

Larnagold Limited

Textile & Fabrics Manufacturing

Ibom Industries Limited

Cocoa Processing

Integrated Marbles Limited

Marble Floor Tiles, Bath Tiles and Sanitary Wares

SIO Industries Limited

Bags and Other Propylene Products

SIO Motors Limited

Light Trucks Assembly

SODIQ Electrical & Engineering Limited

Electrical Parts

AFRO Oil Limited

Lubrication

Combination Industries Limited

Manufacturers of Extruded Snacks

Premier Clothing Industries

Manufacturers of Clothing Materials

Cross River State Government

Palm Kernel Products

Jackson Devos Plc

Manufacturers of Crown Carpets

Oil Palm Integrated Company

Vegetable Oil Processing

Ayos Wood International

Furniture Components

        Bao Yao Futurelex Iron & Steel Company Limited

Steel Mills

In addition to the above occupants of the Calabar EPZ, here are some of instances of Export Processing Factories outside the Zone Location:

Aluminium Smelter Company of Nigeria (ALSCON), Ikot-Abasi, which produces aluminium ingots;

Stanmark Cocoa Processing, Ondo, which produces cocoa butter and cocoa powder;

Coop Cocoa Industries, Akure, which also produces cocoa butter and cocoa powder.

 

Investing in the Calabar EPZ

The following types of industries are allowed to set up factories within the Calabar Export Processing Zone:

 
 

Electrical and Electronic Products

Textile Products

Wood Products

Leather Products

Plastic Products

Petroleum Products

Rubber  Products

Cosmetics

Garments

Chemical Products

Metal Products

Educational Equipment and Materials

Communication Equipment and Materials

Sports Equipment and Materials

Machinery

Handicraft

Optical Instruments and Appliances

Medical Kits and Instruments

Biscuits and Confectioneries

Printed Materials, Office Equipment and Appliances

Paper Materials

Food Processing

Pharmaceutical Products

* NOTE: the above list of investment opportunities is not exhaustive.

In the near future, we hope to develop the Kano Export Processing Zone as well as other EPZs and EPFs in other locations within the country. Please stay tuned for other developments!

 

How to Invest in an EPZ

First of all, a potential investor must ensure that:
the industry to be set up in the Calabar EPZ is guaranteed to be environmentally-friendly, with low or no pollution;

at least 75% of the total products will be for export;

a maximum of 25% of the products can be sold in the domestic market (on payment of appropriate fees and levies).

Once that is ascertained, the investor then has to follow the procedure below:

Obtain and complete the appropriate Application Forms: This includes submitting a feasibility study in respect of the investment project which the applicant wishes to undertake in the Zone. This should contain amongst other things a project description; market survey; funding proposals; financial projections; and an environmental impact statement and control measures.

Submission of Investment Application Forms: The application shall be considered by the Authority within 30 days of receipt and the Authority shall notify the applicant in writing of its decision to grant the said approval or otherwise. (The approval shall be subject to such terms and conditions as may be imposed by the Authority.)

Screening and Processing of Application Forms

Application Approval (or otherwise): if the application is successful, then the investor can go on to Step 5.

Company Registration with the Nigeria Export Processing Zones Authority (NEPZA)

Setting up of the Factory: There are 3 possibilities: outright purchase of a standard factory; renting a factory building; or leasing of a serviced plot.

Outright purchase: payment of 10% deposit of the selling price of the standard factory building (within 3 months of approval), and payment of the remaining 90% 5 months after.

Renting of factory building: down payment of one year rent is required (not exceeding 3 months after signing the rental contract). Thereafter, rental charges shall be paid in the first quarter of every year.

Leasing the standard factory: 40% lease value paid on approval, 30% paid at the end of the 5th year, and 40% balance paid at the end of the 10th year.

Construction must be completed within one year (a 6-month extension is possible). A plan of the building shall be submitted to the Authority for approval. The land lease contract shall be signed within 2 months after the allocation of the land. The area occupied by the factory shall be 60%-70% of the leased land and construction must start within 3 months of signing of the lease contract.

Remittance of Investment Capital: This is done through the banks in the Zone; the Authority will be notified upon its arrival.

Importation and Installation of Machinery: After installation, the Authority shall be required to carry out pre-inspection, and if found satisfactory, a Certificate to commence production will be issued.

Commencement of Production: Companies intending to sell the permitted 25% of their total production in the domestic market will be required to notify the Authority for necessary documentation and payment of appropriate levies and charges as applicable.

Repatriation of Profit: The company shall apply to the Authority for assessment of invested capital for later repatriation purposes. (This is applicable to companies which are 100% foreign equity owned and those with part foreign equity participation only.)


Vision 2010 Economic Policy Investment Climate Investment Opportunities Privatisation Establishing Business Ventures Investment Incentives Import Formalities Banking and Financing Immigration Procedures The Nigerian Export Processing Zone Nigerian-Argentine Chambers of Commerce

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