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Nigeria LNG (Fiscal Incentives, Guarantees and Assurances) Act 🇳🇬


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Nigeria LNG (Fiscal Incentives, Guarantees and Assurances) Act

  • Commenced on 24 April 1989
  • [Up to date as at 31 December 2002]
  • [Note: The original publication document is not available and this content could not be verified.]
An Act to confer pioneer status on the Nigeria LNG Limited and to exempt the company from certain taxes, customs duties, other levies and the provisions of the Pre-Shipment Inspection of Imports Act and to provide for the guarantees and assurances by the Federal Government to the company and its shareholders.

1. Pioneer status

(1)The registered company known as the Nigeria LNG Limited (hereafter in this Act referred to as "the Company") shall be regarded as a pioneer company within the provisions of the Industrial Development (Income Tax Relief) Act.
(2)The provisions of the Industrial Development (Income Tax Relief) Act, other than sections 2, 3 and 7 thereof and as otherwise provided in this Act, shall apply to the Company.
(3)The business undertaken by the Company and …

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