Business News

Tax Incentives: FG to Give Clarity on Revised IDEC Process April 23

IDEC Process

By Modupe Gbadeyanka The federal government has invited manufacturers, importers, MDAs, NGOs and all other key industry stakeholders to a meeting to provide clarity on the revised Import Duty Exemption Certificate (IDEC) process. A statement signed on Monday by the Director for Information and Public Relations in the Ministry of Finance, Mohammed Manga, said the event, slated for Tuesday, April 23, 2024, would be held virtually. The statement said the IDEC process, which became effective on March 1, 2020, is a fiscal incentive by the federal government under the Ministry of Finance to boost sectors of the economy by exempting critical