Download EEG 2006 form

Having cleared a substantial portion of the backlog of EEG applications for transactions up to December, 2005, the Nigerian Export Promotion Council hereby invites Exporters to submit EEG applications for 2005 export transactions.

2. Eligibility:

(i) Exporter must be registered with the Nigerian Export Promotion
Council (NEPC)

(ii) Eligible exporter shall be a manufacturer producer or merchant
of products of Nigerian origin for the export market (i.e. the
products must be made in Nigeria).

(iii) An exporter must have a minimum annual export turnover
of N5 million and evidence of repatriation of proceeds of
exports.

(iv) Exporter-company shall submit its baseline data which
includes Audited Financial Statements and information on
operational capacity to NEPC.

3. Validity for EEG Application:

Qualifying export transaction must have at least 95%of the FOB value of the transaction fully repatriated

within 180 days, calculated from the date of export.

4. In submitting the applications, exporters are advised to follow the

guidelines for redesigned EEG very strictly. For the avoidance of doubt, the

portion on documentation in the guideline is reproduced as follows:-

“All applications for Export Expansion Grant (EEG) must be completed in three copies to be circulated to Nigerian Export Promotion Council (NEPC), Central Bank of Nigeria (CBN) and Nigeria Customs Service (NCS) with the following documents:

(i) NEPC Export Certificate;
(ii) Clean Certificate of Inspection (CCI) to include quality certification;
(iii) Forms NXP duly certified by processing bank, Nigeria Customs
Service and the Pre-shipment Inspection Agents;
(iv) Single Goods Declaration (SGD) Forms, duly endorsed by
Nigeria Customs Service, both at front and back;
(v) Final Commercial Invoice;
(vi) Bill of Lading, Waybills or Airway bills as may apply for each transaction,
(vii) Evidence of full repatriation of export proceeds. Exporter’s banks notification letter to CBN confirming full repatriation of export proceeds.
(viii) Certificate of Manufacture: for manufacturing exporters.
(ix) Any other documentation as may be required by NEPC
from time to time.

5. All documents must be clear and legible; otherwise, the claims will not be processed. Only applications of companies who have submitted their baseline data to the NEPC will be entertained. Consequently, companies that have not yet submitted their baseline data to the NEPC or those who have received formal notifications from NEPC, indicating inadequacies in the baseline data they submitted should do so within 2 weeks from the date of this advert.
6. Meanwhile, the Council wishes to express regret over the delay in clearing the backlog of 2004 applications, and assure them that the exercise will soon be completed. We commend the perseverance of our Exporters in the face of the inconveniences caused them by the delay, which was not intentional. Now that an effective database has been put in place, the processing of EEG applications will be faster.
7. We wish to seize the opportunity of this medium to advise once again that companies should furnish the EEG Secretariat with up-to-date information, their location addresses, functional telephone and fax numbers, including E-mail addresses and mobile telephone numbers.
All completed application(s) should be forwarded to:-

The Special adviser to the President/Chief Executive Officer
Nigerian Export Promotion Council
Block 312, Kumba Street
Wuse, Zone 2
Abuja.

Signed
Mrs G. M. Sasore
Special Adviser to the President/CEO
Nigerian Export Promotion Council

SUBMISSION OF BASELINE DATA FOR EXPORT EXPANSION GRANT (EEG) RATINGS FOR 2006 NON-OIL EXPORT.

Having virtually cleared the backlog of EEG claims for up to 2004 (except the ones that have issues to settle with CBN and Nigeria Customs Service), and had processed over 70% of 2005 claims, the Council is now poised to commence the processing of claims for 2006 non-oil export transactions.  Exporters interested in or those already registered for the export expansion grant (EEG) scheme, are requested to submit their baseline data for the purpose of determining their EEG rates for 2006.

2.  DOCUMENTATION REQUIREMENTS:

(i)    Baseline forms 1A, 1B and 1C. (forms can be accessed on www.nepc.gov.ng)

(ii)  2005 audited financial statements/accounts, which must include value added statements.

Please note:Companies who are submitting baseline data for the first time should in addition to the above, submit their financial statements/accounts for 2003 & 2004.

3.  TIME SCHEDULES TO NOTE:

For orderly and smooth processing of EEG applications, the following time schedules will be strictly followed:

(i)    Deadline for submission of all outstanding 2005 EEG applications is 31^st August, 2005.

(ii)   Submission of all baseline data for 2006 ratings will close on September 30^th, 2006.

(iii)   Processing of EEG applications for 2006 will commence on October 1^st, 2006

(iv)    An Audit review of 2005 EEG claims will commence mid -August, 2006.  All beneficiaries should therefore be ready with their documents for the purpose of this exercise.

4. Exporters are once again advised to strictly adhere to the guidelines on redesigned EEG. Financial statements, financial records and supporting documentation, production records and costing data/documentation, export and claims documentation and bank statement records must be available for the claims audit review Team. Incomplete or illegible documents will not be accepted and repeat review visits will not occur for any exporter. The Nigerian Export Promotion Council will not accept responsibility for claims denied in relation to incomplete and illegible documents, etc.

Signed

G.M. Sasore (Mrs)

Special Adviser/CEO, NEPC   

Download the new EEG Rate guidelines (PDF)

Export House, Block 312, Kumba Street, Wuse Zone 2, P.M.B. 133, Garki-Abuja.

E-mail: enquiry@nepc.gov.ng

Website: www.nepc.gov.ng,

Tel:09-5230933.Or PRICEWATERHOUSECOOPERS