•Chief Uche Nnaji, the Minister of Innovation, Science and Technology
The Federal Government is considering the introduction of tax incentives for Nigerian manufacturers who utilise locally sourced materials.
Chief Uche Nnaji, the Minister of Innovation, Science and Technology, made this announcement during the 2025 edition of the Nigeria Manufacturing & Equipment and Nigerian Raw Materials (NME – NIRAM) Expo in Lagos.
The Minister believes that these tax incentives could help reduce the high level of imports of raw materials and other manufacturing inputs into Nigeria.
According to Martin Ike-Muonso, the Director-General of the Raw Materials Research and Development Council (RMRDC), over 70% of the manufacturing inputs used in Nigeria are imported.
“Soon, manufacturers who research, develop, and utilise local raw materials will benefit from significantly lower taxes compared to those who do not.
This will serve as an essential tool for attracting private-sector investment and stimulating technology-driven manufacturing,” said Nnaji.
He emphasised, “Under the proposed incentives, compliant firms in sectors such as agro-processing, pharmaceuticals, polymers, fabrics, and green technology will receive tax credits, duty relief, investment allowances, and excise waivers.
”The government has approved a plan to empower the RMRDC to implement substantial tax incentives aimed at rewarding manufacturers and innovators who incorporate locally sourced inputs into their production processes. Those who incorporate locally sourced inputs into their production processes.”
