NIGERIA EXPORT PROCESSING ZONES ACT

Section 11: Payment of goods and services

1992Section 11 of 29Federal Republic of Nigeria

(1) Where an approved enterprise operating in a Zone supplies goods and services to customers within the customs territory, that enterprise shall be entitled to receive payment for such goods and services in foreign currency and for the purposes of such payment, the normal rules and regulations applicable to importation of goods and services into Nigeria and repatriation of the proceeds of sales or services shall apply.
(2) Where a person within the customs territory supplies goods and services to an approved enterprise established within a Zone, that person shall be entitled to receive payment for such goods or services in foreign currency and the rules and regulations applicable to export from Nigeria and the repatriation of proceeds from sales or services shall apply.

Cite this section

Section 11, NIGERIA EXPORT PROCESSING ZONES ACT (1992).

https://repo.podus.ai/laws/nigeria-export-processing-zones-act/section/11/