Overview

The Nigeria Export Processing Zones Act establishes the legal framework for the creation and operation of export processing zones (EPZs) in Nigeria. The Act, passed in 1992, provides for the designation of zones by the President upon recommendation of the Nigeria Export Processing Zones Authority (NEPZA), which is established as a corporate body with perpetual succession. NEPZA is governed by a Board comprising representatives from federal ministries (Commerce, Culture and Tourism, Industry, Science and Technology), the Comptroller-General of Customs, the Managing Director of the Nigerian Ports Authority, the Nigerian Association of Chambers of Commerce, Industries, Mines and Agriculture, the Manufacturers Association of Nigeria, and the Nigerian Association of Small Scale Industrialists. The Authority's functions include managing and supervising EPZs, granting licenses, and ensuring compliance. Key provisions include exemptions from taxes for enterprises (section 8), approvals for approved activities (section 9), licensing powers (section 10), and regulations for import/export of goods (sections 11-17). Incentives are outlined in section 18. The Act also covers work permits (section 20), staff regulations (section 21), the Authority's fund (section 22), and annual estimates (section 23). Schedules detail supplementary provisions, transfer of assets, approved activities, and duty-free articles.

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