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www.spnglegal.com_____________________________________________________________________________________ INTERNATIONAL TRADEOUTLINE1. Import and export: Regulatory Agency/ Role2. IncentivesIMPORT AND EXPORTRegulatory Agency/ RoleImportation and exportation of goods into Nigeria is a highly regulated sector of the Nigerian economy.The central agency in charge of monitoring the traffic of goods to and from the Nigerian boarder is theNigeria Customs Service (NCS). The Customs and Excise Management Act (CEMA) Cap C45, Laws ofthe Federation of Nigeria, 2004 vests legal authority in the NCS to act on behalf of the FederalGovernment of Nigeria in all customs matter. In this regard the NCS performs inter-agency functions onbehalf of other government agencies, namely;a. The National Agency for Food and Drugs Administration and Control (NAFDAC) – prevents theillegal importation of food, food products, drugs and chemicals into the country,b. National Drug Law Enforcement Agency (NDLEA)- prevents the importation and exportation ofhard drugs,c. Nigeria Police Force (NPF)- prevents illegal importation or exportation of firearms andammunition,d. Standards Organisation of Nigeria (SON) - ensures that all export products are certified as beingup to standards as stipulated by SON.INCENTIVESIn the process of encouraging trade and commerce across the nation’s borders; the Nigerian governmenthas in place several incentives in to encourage indigenous and foreign investors to the Nigerian market.Established across the country are export processing zones and export processing factories strategicallydesigned by the Federal Government of Nigeria to create a business-friendly environment for the investor._____________________________________________________________________________________Doing Business in NigeriaAn Investor’s Guide- 2013Page 23 of 36