Nigeria: Govt Approves Tax Incentives for Manufacturers Using Local Raw Materials

·Nigeria’s manufacturers import 70% of their input

In a bid to curb the high import of raw materials and other manufacturing inputs into Nigeria, the Federal Government (FG) is set to introduce tax incentives for Nigerian manufacturers that use locally sourced materials.

Disclosing this yesterday at the 2025 Nigeria Manufacturing & Equipment and Nigerian Raw Materials (NME – NIRAM) Expo in Lagos, Minister of Innovation, Science and Technology, Chief Uche Nnaji, said the government has approved…