The Nigeria Export Processing Zones Authority (NEPZA) has appealed to the Federal Government to exempt operators within the nation’s Special Economic Zones (SEZs) from the newly introduced tax laws for a minimum of ten years, arguing that the grace period is necessary to help investors adapt to the new regulatory framework.

NEPZA said the appeal became necessary following persistent concerns raised by investors across domestic and international platforms—concerns it warned could adversely affect Nigeria’s ability to attract Foreign Direct Investment (FDI) through the scheme.

The Managing Director/Chief Executive Officer of NEPZA, Dr. Olufemi Ogunyemi, made the call during a virtual stakeholder dialogue hosted by the Federal Ministry of Industry, Trade and Investment on Thursday in Abuja. He was represented at the session by the Authority’s Director of Corporate Services, Mrs. Haleema Sani Kamba.

Ogunyemi stressed that tax incentives remain the foundation of the SEZ model globally, noting that a clearly defined “sunset period” of at least ten years would provide the stability and predictability required for seamless operations and effective backward integration into the local economy.

“The Managing Director/CEO has instructed me to make this special appeal to the Chairman of the Federal Inland Revenue Service, requesting a sunset period of approximately 10 years for all our investors. We hope the Chairman will consider this for the benefit of the scheme,” Kamba said, reiterating the MD’s earlier plea.

NEPZA reaffirmed its alignment with the Federal Government’s Renewed Hope Agenda, emphasising that the free zone scheme remains critical to driving industrial growth, job creation, and export expansion.

“Our 63 Free Trade Zones and the over 700 enterprises operating within those enclaves continue to serve as the cornerstone of Nigeria’s industrial and export strategy,” the MD noted. “The scheme can generate far greater revenue if allowed to operate under globally competitive tax frameworks that offer a blend of incentives to attract and retain investors.”

He added that NEPZA will continue to collaborate with the Federal Inland Revenue Service (FIRS) and other relevant agencies to ensure a smooth transition, safeguard competitiveness, and sustain investor confidence.

Ogunyemi also underscored the need for clarity and certainty within the tax system as investors prepare their 2026 business plans, describing the stakeholder forum as a demonstration of government’s commitment to transparency, consultation, and reform.

The Minister of Industry, Trade and Investment, Dr. Jumoke Oduwole, in her remarks, highlighted the importance of ongoing reforms covering the national revenue system, SEZ incentives, and updated Financial Reporting Council requirements in strengthening Nigeria’s competitiveness in trade, investment, and economic growth.