Federal Government Issues Revised Guidelines For Export Expansion Grant Scheme

"Whilst we expect the new guidelines to address a lot of the abuse and practical challenges that led to suspension of the erstwhile Scheme, all eyes must now be set on ensuring that challenges arising from implementation of the new guidelines are properly addressed."

Introduction

The Federal Government of Nigeria (FGN), vide the Nigerian Export Promotion Council (NEPC), recently issued the revised guidelines for operation of the Export Expansion Grant scheme (hereinafter referred to as "EEG" or "the Scheme"). This move follows the decision of the FGN to reintroduce the Scheme, which had been suspended since 2013.

The EEG was originally introduced by the FGN in 1999 pursuant to the Export (Incentives and Miscellaneous Provisions) Act of 1992.