Investors with interests in agro production and processing as compliant with the Nigerian Investment Promotion Commission will enjoy incentives like:
- Tax credit for 5 years for all production and processing businesses (see Pioneer Status section)
- Zero tax in agriculture loans with moratorium period of over 18 months and repayment period of over 7 years
- Zero import duty on machines and equipment No capital allowance restrictions
No payment of minimum tax
- Up to 75% guarantee for loans granted by commercial banks for agro processing and production as stipulated under the Agricultural Credit Guarantee Scheme Fund