Nigeria, Africa’s biggest market is growing and 24% of this is agriculture and mining (excluding crude oil production). Immense potential exists for Agro-allied value chains, food processing and industries that utilize outputs from mining operations.

With a combined population of 1.3 billion people and a projected GDP of $3.4 Trillion, the Africa Continental Free Trade Zone has created immense opportunities that competitive firms can harness. The GEZ exists to position such firms for this future.

: The GEZ offers competitive incentives to businesses operating in the GEZ. Such incentives include:

1. Legislative provisions pertaining to taxes, levies, duties, and foreign exchange regulations shall not apply within the free zones.
2. Repatriation of foreign capital investment in the zones at any time with capital appreciation of the investment.
3. Remittance of profits and dividends earned by foreign investors in the zones.
4. No import or export licenses shall be required.
5. Up to 100% of production may be sold in the customs territory against a valid permit, and on payment of appropriate duties.
6. Rent free land at construction stage, thereafter, rent shall be as determined by the Authority or Zone Management.
7. Up to 100% foreign ownership of business in the zones allowable.
8. Foreign managers and qualified personnel may be employed by companies operating in the zones.
9. The import duty on goods manufactured, processed, or assembled in the free zones and exported into the Nigerian customs territory, shall be the rate applicable to the raw materials (in the state in which they are originally introduced into the free zones).