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Power

Power

Lagos has a high demand for power, the distribution companies service only 26% of its population

Lagos State is still in need of over 8,000MW of electricity

Trade Incentives

There is up-front funding in form of capital subsidies to cover part of the initial capital cost by the Nigeria Gap Fund for PPP

Tax related incentives include:
» Zero duty on purchase of power generation equipment
» 20% capital allowance for 5 years
» Tax holiday of 5-7 years granted to companies that manufacture transformers, meters, control panels, switchgears, cable and other electrical related equipment.


Tax

» CIT – 30%
» ET – 2%
» WHT – 10%


Regulatory Bodies

» Nigerian Electricity Regulatory Commission
» Federal Ministry of Power
» Lagos State Electricity Board