Nigeria - Get Incentives from Re-designed Export Expansion Scheme (NCS)

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Procedure

Apply In-Person

1. To apply for Incentives from Re-designed Export Expansion Scheme in person, the applicant needs to visit the office of the Nigerian Export Promotion Council. The address and contact details can be found in the “Office Location & Contacts” section below or click here: contact.
2. Exporters should submit Baseline Data which must include Audited financial statements and information on operational capacity. Download forms here: application form
3. A new entrant into the EEG Scheme should provide three-year prior period of Audited Financial Statements, where applicable. Newly incorporated companies should submit their current year management account and projected financial statement for assessment
4. Baseline data is used to determine the EEG rate for one year only
5. The rate so determined is applied to EEG applications for that particular year
6. After the rates have been determined, you would be duly notified.

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Required Documents

All applications for EEG are completed in duplicate with the following documents:

• Forms NXP duly certified by processing bank, Nigeria Customs Service and the Pre-Shipment Inspection Agent
• Bill of Lading
• Final Commercial Invoice
• Single Goods Declaration (SGD) Forms, duly endorsed by Nigerian Customs Service, both at the front and back
• Evidence of full repatriation of export proceeds (CBN confirmation of repatriation of proceeds by the exporter)
• Clean Certificate of Inspection (CCI) to include quality certification
• NEPC – CBN Schedule
• Export Schedule
• Any other documentation as may be required by NEPC from time to time

Office Locations & Contacts

NIGERIAN EXPORT PROMOTION COUNCIL (NEPC) - Head Office
Plot 424, Aguiyi Ironsi Street,
Maitama, Abuja, Nigeria
P. M. B. 133 Garki, Abuja
Line 1: +234 (9) 462 1555
Line 2: +234 (9) 291 0966
Email: [email protected]
Email: [email protected]
Email: [email protected]
Website:Link

NEPC E-Registration : Link

Eligibility

• Must be registered with CAC & NEPC;
• Must have carried out formal exports, with the repatriation of proceeds into a Nigerian bank account (CBN confirmation needed);
• Have a minimum annual export turnover of N5 million;
• Be a manufacturer/producer or merchant of products of Nigerian origin;
• Show evidence of confirmed repatriation of export proceeds into a Domiciliary Account in Nigeria and,
• Submit baseline data which should include Audited Financial Statements and information on operational Capacity, Tax Clearance Certificate (TCC) and Export Expansion Plan (EPP) to the NEPC.

Fees

• To fund the administration of the scheme, EEG beneficiaries are to pay 2% of the value of the ECC upon collection of the certificate and 4% cost of collection when utilised.
  

Validity

• The ECC is valid for only two years and transferable once to final beneficiaries.
  

Documents to Use

• EEG baseline data form:form
  

Sample Documents

• NEPC – CBN Schedule sample:schedule
  
• Export Schedule – Sample:sample
  

Processing Time

• Usually 90 days after application.
  

Related Videos

Videos explaining the procedure or to fill the applications.
Attach videos using the following tag <&video type='website'>video ID|width|height<&/video&> from external websites.
Please remove the '&' inside the tags during implementation.
Website = allocine, blip, dailymotion, facebook, gametrailers, googlevideo, html5, metacafe, myspace, revver,
sevenload, viddler, vimeo, youku, youtube
width = 560, height = 340, Video ID = Can be obtained from the URL of webpage where the video is displayed.
e.g In the following url 'http://www.youtube.com/watch?v=Y0US7oR_t3M' Video ID is 'Y0US7oR_t3M'.

Instructions

To ensure that the information provided in the baseline data forms conform with what is contained in the Audited Financial Statement, you are required to provide the following additional information:

• Analysis of Turnover into Local and Export Sales.
• Analysis/Schedule of Total Export Sales (N) showing the conversion rates used.
• Details of Addition to Fixed Assets during the Year.
• Breakdown /Analysis of Cost of Sales into local and Foreign Input (Raw materials and packaging).

Required Information

• Exporter Input Details
• Registration ID (From CAC)
• Exporter Name
• Year
• Products
• Product Description
• Description of Local Input
• Local Input Costs (NGN)
• Description of Imported Input
• Imported Input Costs (NGN)
• Stamp/Signature
• Date

Need for the Document

Nigerian exporters can get anywhere between 5% - 15% of their annual export value, depending on exporters’ product category. Successful exporters are paid through the instrument known as Export Credit Certificate (ECC) which can be used for the following:

• Settlement of all Federal Government taxes such as company income tax, VAT, WHT, etc. and the following;
• Purchase of Federal Government Bonds;
• Settlement of credit facilities by Bank of Industry, NEXIM Bank, Bank of Agriculture and CBN intervention Facilities;
• Settlement of AMCON liabilities;
• The ECC can be transferred at one instance to a third party.

Information which might help

• The Export Expansion Grant (EEG) aims to support active exporters; expanding their international businesses. It is a post-shipment incentive designed to encourage Nigerian exporters to expand export volume, value and improve global competitiveness of Nigerian products.
  

Other uses of the Document/Certificate

• The ECC can be used to settle all federal government taxes such as VAT, WHT, company’s income tax etc. It can also be used to purchase government bonds and repay government credit facilities and debts due to the Assets Management Company of Nigeria (AMCON).
  

External Links

• Revised EEG Guidelines:Link
  

Others

• The Export Expansion Grant (EEG) scheme was suspended in 2014 to ensure a review and redesign in order to prevent abuse and ensure that the scheme is fit for purpose. Before the suspension of the scheme, the incentive was granted in form of a negotiable duty credit certificate (NDCC) utilizable by exporters for payment of import and excise duties. The NDCC has now been replaced with the Export Credit Certificate (ECC). The revised guidelines were released and effective from 1 January 2017.