2017 Report

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Taking cognizance of the Government’s desire to ease environment for doing business in Nigeria; considering the effective date of full implementation of the Revised import Guidelines which is 1st January 2018

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Nigeria is the largest economy in Africa. However, growth has fallen sharply since 2010, with the economy falling into recession in 2016 due to an oil-induced crisis

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Inclusive growth
• Anaemic growth
• Sustainable growth
• Accelerated Growth
• Exponential growth
• Witnessed rapid growth in the past, CAGR ~ 5% (2010-2015)
• Followed by Cyclical downturns • And a recession after 25 years
• Now slow and painful recovery

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This Compendium of Investment Incentives in Nigeria is the product of a collaboration between Nigerian Investment Promotion Commission and Federal Inland Revenue Service. It is published pursuant to the provisions of Section 4(i) of the NIPC Act, which requires NIPC to “provide and disseminate up-to-date information on incentives available to investors” in Nigeria. 

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This survey highlights the positive impact of US companies in Nigeria – creating prosperity and adding value to the Nigerian economy. The American Business Council (“ABC”) in Nigeria, in collaboration with Accenture, GE and PwC, administered this survey which represents responses from 48 American companies operating in Nigeria.

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