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State of States

The 2017 Edition

Over the last few months, state governments have been devising policy changes with strong focus on improving internally generated revenue and reining in expenditure.

With this unfavourable outcome, the Federal Government has requested sharp haircuts, reforms and a high degree of transparency — including the publishing of budget proposals, the enacted budget, budget implementation reports, audit reports, and quarterly and annual reports for state-owned enterprises — as a precondition for further support.

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COMPENDIUM OF INVESTMENT INCENTIVES IN NIGERIA

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.

The Compendium is a compilation of fiscal incentives in Nigerian tax laws and sector-wide fiscal concessions duly approved by the Federal Government and supported by legal instruments.