Are you an exporter looking to expand your volume, value and improve global competitiveness of Nigerian product? Then the Export Expansion Grant from the Nigerian Export Promotion Council (NEPC) is what you need. But how do you get this grant from the NEPC?

If you need to get the EEG grant, you will need to meet the following guidelines.

• Your company must be registered with the CAC and NEPC.
• Your company must have carried out formal export, with repatriation of proceeds into a Nigerian Bank (CBN confirmation needed).
• The business needs to have a minimum annual export of N5 million.
• Your company must be a manufacturer/ producer or merchant of products of Nigerian Origin.
• Show evidence of confirmed repatriation of export proceeds into a Domiciliary Account IN Nigeria.
• Submit baseline data which should include Audited Financial Statements and information on operational capacity, Tax Clearance Certificate (TCC) and Export Expansion Plan (EPP) to the NEPC

How to Apply for the Grant

• Submit the Baseline Data which must include Audited Financial statements and information on operational capacity.
• As a new entrant into the EEG scheme, you will have to provide three-year Audited Financial Statement where applicable. A new incorporated company should submit their current year management account and projected financial statement for assessment.
• Baseline data will be used to determine the EEG rate for one year only
• The rate so determined is applied to the EEG applications for that particular year

To ensure that the information provided in the baseline data forms conform with what is contained in the Audited Financial Statement, you are required to provide the following additional information:

• Analysis of Turnover into Local and Export Sales.
• Analysis/Schedule of Total Export Sales (N) showing the conversion rates used.
• Details of Addition to Fixed Assets during the Year.
• Breakdown /Analysis of Cost of Sales into local and Foreign Input (Raw materials and packaging).
• After the rates have been determined, you would be duly notified before EEG applications are submitted.

 Document Needed for the EEG Application

All applications for EEG are completed in duplicate with the following documents:

• Forms NXP duly certified by processing bank, Nigeria Customs Service and the Pre-Shipment Inspection Agent
• Bill of Lading
• Final Commercial Invoice
• Single Goods Declaration (SGD) Forms, duly endorsed by Nigerian Customs Service, both at the front and back
• Evidence of full repatriation of export proceeds (CBN confirmation of repatriation of proceeds by exporter)
• Clean Certificate of Inspection (CCI) to include quality certification
• NEPC – CBN Schedule download NEPC – CBN Schedule sample
• Export Schedule download Export Schedule – Sample

Any other documentation as may be required by NEPC from time to time

The time line for the grant to be approved is 90 days after application.