IMPLEMENTATION LEVEL

NFI

AFFECTED FLOW

Inflow

ANNOUNCED AS TEMPORARY

No

NON-TRADE-RELATED RATIONALE

No

ELIGIBLE FIRMS

SMEs

JUMBO

No

TARIFF PEAK

No
← back to the state act
Inception date: No inception date

Bailout (capital injection or equity participation)

The Central Bank of Nigeria (CBN) as part of an N500billion power and real sector fund has given N200 billion to restructure and refinance existing bank loans to the Nigerian SMEs (Small and medium scale enterprises) or manufacturing sector. Included in the objectives of the fund is to 'fast-track the development of the manufacturing sector by improving access to credit to manufacturers' and 'increase output, generate employment, diversify the revenue base, increase foreign exchange earnings and provide inputs for the industrial sector on a sustainable basis. The fund defines manufacturers to include SMEs 'as entities with an asset base (excluding land) of between N5million and with a labour force of between 11 and 300.'

Included in the objectives of the fund is to 'fast-track the development of the manufacturing sector by improving access to credit to manufacturers' and 'increase output, generate employment, diversify the revenue base, increase foreign exchange earnings and provide inputs for the industrial sector on a sustainable basis. The fund defines manufacturers to include SMEs 'as entities with an asset base (excluding land) of between N5million and with a labour force of between 11 and 300.'
 
 

AFFECTED COUNTRIES

MAP
TABLE
EXPORT

AFFECTED SECTORS AND PRODUCTS

321 Pulp, paper & paperboard
322 Books, in print
323 Newspapers & periodicals, daily, in print
324 Newspapers & periodicals, other than daily, in print
325 Printed maps, music, cards, & pictures
326 Stamps, banknotes, stock certificates, brochures & leaflets
327 Registers, notebooks, diaries & similar articles
328 Plates, cylinders or lithographic stones for use in printing
341 Basic organic chemicals
342 Basic inorganic chemicals n.e.c.
343 Tanning or dyeing extracts; tannins; colouring matter n.e.c.
344 Activated natural mineral products incl. acids, oils and tar
345 Miscellaneous basic chemical products
346 Fertilizers & pesticides
347 Plastics in primary forms
348 Synthetic rubber & mixtures thereof in primary forms
351 Paints & varnishes & related products; artists' colours; ink
352 Pharmaceutical products
353 Soap, cleaning preparations, perfumes & toilet preparations
354 Chemical products n.e.c.
355 Man-made fibres
361 Rubber tyres & tubes
362 Other rubber products
363 Semi-manufactures of plastics
364 Packaging products of plastics
369 Other plastics products
371 Glass & glass products
372 Non-structural ceramic ware
373 Refractory products & structural non-refractory clay products
374 Plaster, lime & cement
375 Articles of concrete, cement & plaster
376 Monumental or building stone & articles
379 Other non-metallic mineral products n.e.c.
381 Furniture
382 Jewellery & related articles
383 Musical instruments
384 Sports goods
385 Games & toys
386 Roundabouts, swings, shooting galleries, fairground amusements
387 Prefabricated buildings
389 Other manufactured articles n.e.c.
411 Basic iron & steel
412 Products of iron or steel
413 Basic precious metals & metals clad with precious metals
414 Copper, nickel, aluminium, alumina, lead, zinc & tin, unwrought
415 Unfinished products of copper, nickel, aluminium, lead, zinc or tin
416 Other non-ferrous metals, cerments & articles thereos
421 Structural metal products & parts
422 Tanks, reservoirs & containers of iron, steel or aluminium
423 Steam generators, (except central heating boilers) & parts
429 Other fabricated metal products
431 Engines & turbines & parts
432 Pumps, compressors, hydraulic & pneumatic power engines; parts
433 Bearings, gears, gearing & driving elements; parts
434 Ovens & furnace burners & parts
435 Lifting & handling equipment & parts
439 Other general-purpose machinery & parts
441 Agricultural or forestry machinery & parts
442 Machine-tools & parts
443 Machinery for metallurgy & parts
444 Machinery for mining, quarrying & construction; parts
445 Machinery for food, beverage & tobacco processing; parts
446 Machinery for textile, apparel & leather production; parts
447 Weapons & ammunition & parts
448 Domestic appliances & parts
449 Other special-purpose machinery & parts
451 Office & accounting machinery and its accessories
452 Computing machinery & parts
461 Electric motors, generators & transformers; parts
462 Electricity distribution & control apparatus; parts
463 Insulated wire & cable; optical fibre cables
464 Accumulators, primary cells & primary batteries; parts
465 Electric filament or discharge lamps; lighting equipment; parts
469 Other electrical equipment & parts
471 Electronic valves & tubes; electronic components; parts
472 Television & radio transmitters; cameras; telephone sets
473 Broadcast recording apparatus; microphones, loudspeakers, etc.
474 Parts for the goods of classes 4721 to 4733 & 4822
475 Disks, tapes, storage devices & other media, not recorded
476 Disks, tapes & other physical media, recorded
478 Packaged software
479 Cards with magnetic strips or chip
481 Medical & surgical equipment & orthopaedic appliances
482 Instruments & control equipment, except optical instruments
483 Optical instruments & photographic equipment; parts thereof
484 Watches & clocks; parts
491 Motor vehicles, trailers & semi-trailers; parts
492 Motor vehicle bodies; trailers & parts thereof
493 Ships
494 Pleasure & sporting boats
495 Railway & tramway locomotives & rolling stock; parts
496 Aircraft & spacecraft; parts
499 Other transport equipment & parts

Please report this page in case you detect an inaccuracy in its content.