Investor Presentaiton

Policy & Incentives In order to create an enabling environment for the development of Biofuels in Nigeria, the Federal Executive Council approved Nigerian Biofuels Policy (Gazette no. 72, June 20th, 2007) ■ The Nigerian Biofuels Policy, being consistent with best practice, offers a bundle of fiscal incentives for investors as tabulated below: ▪Off-take of Fuel Ethanol by NNPC ▪Accord Biofuels industry Pioneer Status ■Waiver on value-added tax on all services ■Insurance cover will be provided by the Nigerian Agricultural Insurance Corporation ▪Exemption from taxation, withholding tax and capital gains tax on foreign interest, dividends and services ▪Waiver on import and customs duties and other taxes on the importation and exportation

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