Nigeria’s business environment is loaded with incentives – Sambo

Vice President Namadi Sambo on Tuesday said the Nigerian business environment is very attractive and loaded with several incentives.

The Vice President stated this when he received in audience the Japanese Ambassador to Nigeria, Mr. Ryuichi Shoji, in his office at the State House, Abuja .

He enumerated the incentives to include tax holidays, duty exemptions; favourable tariff regimes to discourage smuggling and encourage local manufacture; timely visa issuance; waivers for agricultural goods among several other incentives as enshrined in the administration’s Transformation Agenda.

Sambo, expressed delight with the interest of the Japanese business community in Nigeria, stressing that Nigeria was full of opportunities for any willing investor, adding that the requirement for doing business in Nigeria by Japanese companies would be closely looked into to ensure that international best practices were applied and to ensure things are done in record time.

Similarly, the Vice President stressed that in order to discourage smuggling of manufactured goods government through deliberate policy have instituted necessary measures in stemming the tide. He noted that government was working towards strengthening the ECOWAS tariff to give local manufacturers the enabling environment to thrive.

[Daily Times]