Current available incentives for new nigerian exporters

As of my knowledge cutoff in 2022, here are some current available incentives for new Nigerian exporters:

  1. Export Expansion Grant (EEG): The EEG is a non-refundable grant provided by the Nigerian Export Promotion Council (NEPC) to support the growth of non-oil exports. The grant is available to new exporters and covers 50% of the cost of exporting, up to a maximum of N10 million (approximately $25,000 USD).
  2. Nigerian Export Supervision Scheme (NESS): NESS is a scheme designed to promote the growth of non-oil exports by providing a 10% rebate on the cost of exporting. The scheme is available to new exporters and covers a wide range of non-oil products.
  3. Agricultural Export Development and Competitiveness (AEDC): The AEDC is a program designed to promote the growth of agricultural exports. The program provides training, technical assistance, and financial support to new agricultural exporters.
  4. Nigerian Export-Import Bank (NEXIM) Export Development Facility: NEXIM is a development finance institution that provides financing to new exporters. The Export Development Facility provides a 5-year loan facility to support the growth of non-oil exports.
  5. Central Bank of Nigeria (CBN) Exporters' Fund: The CBN Exporters' Fund is a facility designed to provide financing to new exporters. The fund provides a 5-year loan facility to support the growth of non-oil exports.
  6. Nigerian Customs Service (NCS) Export Incentive Scheme: The NCS Export Incentive Scheme is a scheme designed to promote the growth of non-oil exports. The scheme provides a 10% rebate on the cost of exporting and is available to new exporters.
  7. Federal Ministry of Industry, Trade and Investment (FMITI) Export Development Fund: The FMITI Export Development Fund is a fund designed to provide financing to new exporters. The fund provides a 5-year loan facility to support the growth of non-oil exports.
  8. Nigerian Export-Import Bank (NEXIM) Export Credit Insurance Scheme: The NEXIM Export Credit Insurance Scheme is a scheme designed to provide insurance coverage to new exporters. The scheme provides insurance coverage against non-payment of export proceeds.
  9. Nigerian Export-Import Bank (NEXIM) Export Factoring Scheme: The NEXIM Export Factoring Scheme is a scheme designed to provide financing to new exporters. The scheme provides a 5-year loan facility to support the growth of non-oil exports.
  10. Nigerian Export-Import Bank (NEXIM) Export Guarantee Scheme: The NEXIM Export Guarantee Scheme is a scheme designed to provide guarantee coverage to new exporters. The scheme provides guarantee coverage against non-payment of export proceeds.

Please note that these incentives are subject to change and may have specific eligibility criteria, application procedures, and requirements. It is recommended that new exporters research and verify the availability and terms of these incentives before applying.