“We also have a very flexible civil aviation requirement. So, the government of Nigeria is welcoming you with open arms to come and set up.
Listing some of the advantages the firm would benefit from when they invest in Nigeria, the Minister of Finance, Zainab Ahmed said in a bid to encourage new businesses to set up in Nigeria, the government had announced significant tax policies and incentives, adding that there is a double taxation agreement in place that protects businesses from being taxed twice on the same income.
Furthermore, Ahmed noted that the aircraft industry in Nigeria enjoys a VAT exemption, adding that there is also no customs duty levied on imported goods, stressing that these measures were designed to support businesses in the country and make it an attractive destination for foreign investors. Speaking also, the Attorney General of the Federation, Abubakar Malami, said Nigeria had reinforced its commitment to protecting investments of both local and foreign investors, explaining that the nation’s constitution now includes provisions that guarantee the safety and security of investments made in the country.