Investor Presentaiton
Free Trade Zones & Nigeria Tax Regime
The Legal Framework (cont'd)
Review of NEPZA & OGEFZA Provisions (cont'd)
Section 2 of both laws vests regulatory oversight in the
Authority/OGEFZ Authority respectively. In practice, the
Authority supervises both.
Section 3 sets out membership of respective governing boards.
Common membership includes representatives of the NPA,
Customs, NACCIMA, MAN, etc. Specialised - CBN, Ass of
Nigerian Exporters vs. reps of Petroleum Ministry, Rivers SG
Functions (sections 4 & 5 respectively), almost similar, principally
“administration of the Authority and management of the Zones/EFZ”.
Other notables are: licensing of approved enterprises (3rd Schedule
NEPZA), establishment of customs, police, immigration and
similar posts in the Zones, recommendation to Government of
additional incentive measures for the Zones.
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