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Transport

Transport

Lagos State transport system provides efficient conveyance for goods and services. There is however a need for improvement in transportation as the population of the state continues to grow

Lagos airport accounts for about 83% of international flight arrivals in the country

Trade Incentives

Lagos State government is willing to enter into a PPP arrangement in the operation of water transportation

Tax related incentives include:
» Initial capital allowance of 30% on purchase of vehicles
» Restriction of tax charged for shipping and airline companies to activities carried out in Nigeria
» Tax holiday of 5-7 years for ship building, maintenance of vessels, manufacturing and maintenance of aircraft
» Exemption from VAT for commercial vehicles and spare parts purchased


Tax

» CIT – 30%
» ET – 2%
» WHT – 10%


Regulatory Bodies

» Lagos Metropolitan Transportation Authority
» National Union of Road Transport Workers