Investment Incentives DLI4 -

Investment Incentives DLI4

To foster a strong business environment, the Niger State government provides two types of incentives: federal and state. Some of the key incentives include:

FEDERAL INCENTIVE
Businesses in Niger State can leverage federal incentives designed to alleviate the challenges of launching new ventures in the state.

STATE INCENTIVE
Niger State Government provides the following incentives to specifically boost investment into the various sectors. The State specific incentives are detailed below.

Stabilization Incentive

Exemption from payment of State imposed levies/ charges for the first three (3) years of entry, namely:

• Signage Levy
• Business Premises
• Tenement Rates
• Ground Rent
• Intent/Processing Fee for C of O.

ELIGIBILITY

• Evidence of Registration with CAC.

• Evidence of Registration with NIPC, for Companies with foreign interest.

• Registration with NSIPA.

• Quantum of Investment: -Foreign/Large Domestic Investments with a minimum of 2 billion Naira.

• Agribusiness Value Chain components

Implementing Agencies:
Ministry of Commerce and Investment;
NSIPA/One Stop Shop

 Pre-production, Production and Post- production & marketing qualifying activities:- fertilizer blending/ production, seed multiplication/distribution, large-scale production of inputs for livestock, poultry and fishery.

 Large-scale farming/ plantations, medium and large-scale processing, development of medium/ large-scale modern stor-age facilities, dev. of commodity futures market and export
• Submission of host community CSR Plan. (Applicable to foreign/large domestic investments only).
• Evidence of compliance with State regulatory requirements

Guideline/Procedures:
-Application to NSIPA;
-Submission of business plan/feasibility report;
-Power Point Presentation to the Approval Committee (Representatives of MDAs at the NSIPA);
-Letter of Approval to be issued by the Niger State Government within 24 hours of approval.

-Time frame from application to approval to be completed within 21 working days subject to the fulfilment of all the requirements on the part of the investor.
-Certificate signed by the Hon. Commissioner responsible for Investment and issued by the NSIPA.
– Approval to be copied to: Ministry of Commerce & Investment, State Internal Revenue Board, Host Local Governments, SSG’s office and MDAs relevant to the sector.

Consolidation Incentive

For Medium Enterprises

This offers investors full exemption for 2 years from State-based imposed Levies and charges.

ELIGIBILITY

 Evidence of Registration with CAC.
 Evidence of Registration with NIPC, for Companies with foreign interest.
 Registration with NSIPA

 Quantum of investment of minimum of 200 million Naira but below 2 billion Naira
 Minimum employment of 10 semi-skilled/skilled State indigenes.
 Agribusiness Value Chain components.

 Pre-production, Production and Post- production & marketing qualifying activities:- fertilizer blending/ production, seed multiplication/distribution, medium-scale production of inputs for livestock, poultry and fishery.

 Medium-scale farming/ plantations, medium -scale processing, development of medium scale modern storage facilities, development of commodity e-commerce platform and export.
 Submission of CSR plan.

Guideline/Procedures:
-Application to NSIPA;
Submission of business plan/feasibility report;
-Power Point Presentation to the Approval Committee (Representatives of MDAs at the OSS);
-Letter of Approval to be issued by the Niger State Government within 24 hours of approval;

-Time frame from application to approval to be completed within 21 working days subject to the fulfilment of all the requirements on the part of the investor. -Certificate signed by the Hon. Commissioner responsible for Investment and issued by the NSIPA.
Implementing Agencies: Ministry of Commerce and Investment; NSIPA/One Stop Shop;

MICRO BUSINESSES CONSOLIDATION INCENTIVE

This offers micro and small business full exemption for one year from payment of State-based imposed Levies and charges.

ELIGIBILITY

-This incentive is available to businesses of below 200 million Naira
-Registration with Niger State Small, Medium and -Micro- Finance Agency (SMMFA).
-Evidence of Registration with the Commercial Department of Ministry of Commerce and Investment.

National Identification Number. Qualifying Activities: all businesses operating in the agribusiness value chain are eligible. Quantum of Investment not required.

Guideline/Procedures:
-Ministry of Commerce and Investment/SMMFA to use LGA MSME Centre as registration points Provision for online registration and issuance of e-certificate.
-Issuance of Registration Certificate by the Ministry of Commerce and Investment through the SMMFA.

Implementing Agencies:
Ministry of Commerce and Investment
-SMMFA

MSMES SERVICE CHARGES SUBSIDY

• This offers MSMEs 50% discount for business dev. Services through Govt. initiatives, namely:

• Bankable business plan; cost of entrepreneurship training; Training on quality assurance and packaging for export.
• This offers a single digit interest charges of not more than 5%

Eligibility

All registered MSMEs are eligible.

Guideline/Procedures:
Evidence of registration to be presented

Implementing Agencies:
Ministry of Commerce and Investment;
SMMFA;
Ministry of Agriculture and Rural Development;