Export Tariff Policies in Nigeria

Advantageous to startups selling products with Olooja Marketplace in 2025:

Nigeria Export Tariff Policy for Startups (NETPS) 2025

Objective:

Encourage Nigerian startups to export products through Olooja Marketplace, promoting economic growth and diversification.

Benefits for Startups:

1. Reduced export tariffs (5-10% decrease)

2. Simplified export procedures

3. Access to export incentives (tax breaks, subsidies)

4. Priority support from regulatory agencies

Eligible Products:

1. Agricultural products (processed foods, spices, etc.)

2. Manufactured goods (textiles, leather, etc.)

3. Creative industry products (art, crafts, etc.)

4. Technology and innovation products (software, hardware, etc.)

---

Tariff Rates:

Product Category

Agricultural Products

15%

10%

Manufactured Goods

20%

15%

Creative Industry Products

12%

8%

Technology and Innovation Products

25%

18%

---

Export Procedures:

1. Register with Nigerian Export Promotion Council (NEPC)

2. Obtain Export License from NEPC

3. Comply with Nigeria Customs Service (NCS) regulations

4. Utilize Olooja Marketplace's export logistics services

---

Incentives:

1. Tax breaks (5-10% reduction in corporate tax)

2. Subsidies (up to 10% of export value)

3. Access to export financing (special loan schemes)

4. Priority support from regulatory agencies

---

Regulatory Agencies:

1. Nigerian Export Promotion Council (NEPC)

2. Nigeria Customs Service (NCS)

3. Federal Ministry of Industry, Trade and Investment (FMITI)

4. Central Bank of Nigeria (CBN)

---

Olooja Marketplace Support:

1. Export logistics and shipping services

2. Market research and product promotion

3. Compliance assistance with regulatory agencies

4. Access to international buyers and markets

---

Startup Eligibility Criteria:

1. Registered in Nigeria with CAC

2. Less than 5 years in operation

3. Annual turnover ≤ ₦500 million

4. Export-ready products

Application Process:

1. Submit application

2. Provide business registration documents

3. Product samples and descriptions

4. Export plan and market research

Timeline:

- Application opens: January 1, 2025

- Evaluation and approval: Quarterly (January, April, July, October)

- Program duration: 2025-2027 (pilot phase)

---

This policy aims to support Nigerian startups in exporting their products, promoting economic growth and diversification. Startups can leverage Olooja Marketplace's export logistics services and access international markets.

Please note that this is a hypothetical policy, and actual policies may vary.

Consult for up-to-date information.

Contact us for trade facilitation

---