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Wholesale & Retail is one out of the seven sectors that emerged as a major driver of Lagos Economy contributing over 8% to Lagos GDP

Consumer spending is projected to exceed $45.6 billion by 2030

Trade Incentives

Tax related incentives include:
» Exemption from capital gains tax on disposal of assets
» Zero VAT on basic food items


» CIT – 30%
» WHT- 10%
» ET – 2%

Regulatory Bodies

» Standard Organisation of Nigeria
» National Agency for Food and Drug Administration and Control