Investors’ guide to tapping Nigeria’s planned tax credits

Imagine you're an investor willing to commit between N30 million and N500 million into Nigeria’s agriculture and food sector. Nigeria is planning a tax incentive where such an investment would earn you tax relief for up to 15 years—or even more.

Here's how it works: for every N30 million invested, which is a minimum fund for Agric investment, the government offers a 5 percent tax credit, equivalent to N1.5 million. If your tax liability in a given year is N1 million, for instance, this credit will fully offset it,