Monday, November 20, 2017

NEPC Commences The Implementation of Revised Export Expansion Grant (EEG)

This is to inform the general public that the Nigerian Export Promotion Council has commenced the implementation of the revised Export Expansion Grant (EEG) Scheme. The details of the information and documentation required are as stated below:

Call for Export Expansion Grant (EEG) Scheme: Submission of Baseline Data for 2017 Export Ratings and Return of Unutilized NDCC by the Nigerian Export Promotion Council.

This is to inform all Exporters interested or those already registered for the Export Expansion Grant (EEG) scheme, that in order to commerce the processing of 2017 export claims, the Council hereby requests for the submission of 2017 baseline data for the purpose of determining their EEG Rates. The submission, which will commence from 20th November, 2017 and end on 29thDecember 2017, should include the following:
 I.  Completed Baseline forms 1A, 1B, 1C and their annexes. These forms can be assessed on
II. Audited Financial Statements, which must include Value Added Statements for the respective base years.
III. Additional Notes (in conformity with the Audited Financial Statement and Baseline Forms) which should include the following:
·         Analysis of Turnover into Local and Export Sales
·         Analysis/Schedule of Total Export Sales (N) showing the conversion rates used
·         Details of Addition to Fixed Assets during the year
·         Breakdown/Analysis of Cost of Sales into local and Foreign Input (Raw materials and packaging)IV. Tax Clearance Certificates (TCC) (for the preceding 3 years, where applicable) and
Export Expansion and Export Expansion Plan (EEP), in line with Revised Export Expansion Grant Scheme.
V. Baseline application and all accompanying documents must be scanned in a single PDF file, saved in a flash drive and forwarded with the application.

a.     Photocopies of Financial Statements are not acceptable.  Any photocopy must be duly endorsed by the Company’s Auditor, using the Auditor’s seal.
b.     Companies, submitting baseline data for the first time should in addition to the above, submit their Financial Statements for 2014, 2015 and 2016, if applicable.
c.     New companies should submit their current Management Account and Projected Financial Statements for 2018.

In line with the new policy guidelines of the Federal Government that outstanding (2007 2016) backlog claims settlement under the Export Expansion Grant (EEG) Scheme be accommodated as part of the Promissory Notes Payment Program (PNP), all beneficiaries that are in possession of un-utilized NDCCs are expected to return them to the Nigerian Export Promotion Council, These returns are to ensure adequate verification of the unutilized Certificates in preparation for the implementation of the Promissory Notes Payment Program. The return of the unutilized NDCCs exercise is schedule to commence on 16th November, 2017 and close on 22nd January, 2018.

All Exporters are please advised to adhere strictly to the Revised Guidelines and the time schedules for the submissions, as late and or inadequate submissions will not be entertained.

All submissions must be addressed to the Executive Director/CEO, NEPC.

Janet Omisore (Mrs)
For Director General

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