WORLD TRADE
ORGANIZATIONS/DCS/W/NGA
24 January 2003
(03-0487)
Trade in Services Original:  English
NIGERIA
Draft consolidated Schedule of Specific Commitments1
Attached is a draft consolidated version of the Schedule of Specific Commitments of Nigeria
in word format.  This document  does not substitute for the legally binding commitments undertaken
by Nigeria in its Schedule of Specific Commitments (GATS/SC/65; GATS/SC/65/Suppl.1)
The draft consolidated version of the Schedule was prepared by the Secretariat, at the request
of Members, to facilitate the process of negotiations, including the presentation of initial offers.
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1 This document has been prepared, in English only, under the Secretariat's own responsibility and without
prejudice to the positions of Members and to their rights and obligations under the WTO.S/DCS/W/NGA
Page 2NIGERIA – SCHEDULE OF SPECIFIC COMMITMENTS
Modes of supply: 1) Cross-border supply 2) Consumption abroad 3) Commercial presence 4) Presence of natural persons
Sector or Sub-sector Limitations on Market Access Limitat ions on  National Treatment Additional Commitments
I. HORIZONTAL COMMITMENTS
ALL SECTORS
INCLUDED IN THISSCHEDULE
Commercial Presence 3) Commercial Presence requires that foreign
service providers incorporate or establish the
business locally in accordance with therelevant provisions of Nigerian Laws and,where applicable, regulations particularly withrespect to land and building acquisition, leaserental, etc.  This requirement operates on a
non-discriminatory basis.
Foreign enterprises with investment in Nigeria
have the same rights and responsibilities asdomestic enterprises, and could transferabroad their profits in accordance with the
existing regulations.
Presence of Natural Persons 4) Unbound, except for measures concerning
entry and temporary stay of personnelemployed in senior management and expertsjobs for the implementation of foreigninvestment.  Their employment shall be
agreed upon by the service providers and
approved by the IDCC.
14) Unbound, except for measures concerning the
categories of natural persons referred to in themarket access column
                                                          
1 Detailed guidelines are obtainable from the IDCC secretariat, Federal Ministry of Industry, Federal Secretariat, Abjua, Nigeri a.S/DCS/W/NGA
Page 3Modes of supply: 1) Cross-border supply 2) Consumption abroad 3) Commercial presence 4) Presence of natural persons
Sector or Sub-sector Limitations on Market Access Limitat ions on  National Treatment Additional Commitments
II. SECTOR SPECIFIC COMMITMENTS
2. COMMUNICATION
SERVICES
C. Telecommunication
Services2
Sale/installation of terminal
equipment(CPC 7521, 7522, 7523)1),2),3),4)   None 1),2),3),4)   None
Operating pay  phones
(CPC 7521)1),2) Not applicable
3),4) None1),2)Not applicable
3),4)None
Mobile communications -
cellular, paging, etc. (voice
and data)3
(CPC 7521, CPC 7523)1),2) Unbound
3),4) None1),2) Unbound
3),4) None
Value added services3
(CPC 7523)1),2),3),4)   None 1),2),3),4)  None
                                                          
2 The National Carrier, NITEL, has monopoly of all public switched and international services;  and is charged with the responsi bility of network 
infrastructure expansion.  There is a progressive move by Government through the National Communications Commission to introduc e some element of 
privatisation and competition in th e areas listed under this offer.
3 The provision of any service across the border (International Services) by passing the network or diverting international traf fic from NITEL is not 
permitted, and such measures can only be done in co-operation with NITEL.S/DCS/W/NGA
Page 4Modes of supply: 1) Cross-border supply 2) Consumption abroad 3) Commercial presence 4) Presence of natural persons
Sector or Sub-sector Limitations on Market Access Limitat ions on  National Treatment Additional Commitments
7. FINANCIAL SERVICES
(i) Nigeria undertakes commitments on financial services in accordance with the "Understanding on Commitments in Financial Servi ces" (the Understanding).
(ii) The market-access commitments in respect of modes 1) and 2) a pply only to the transactions indicated in paragraphs B.3 (a) and (b) and B.4 (a) and (b) of the market 
access section of the Understanding, respectively.
(iii) No foreign company can establish a subsidiary in Nigeria unless it is duly incorporated in Nigeria.(iv) Foreigners, corporate or individuals can own up to 100 per cent equity in any enterprise.(v) The Most Favoured Nation (MFN) treatment is accorded to all countries.  However, as a member of the Economic Community of We st African States (ECCWAS),
Nigeria is currently negotiating the use of travellers cheques in the course of the economic integration of the Sub-region.
(vi) The transfer of information containing personal data, bank secret, securities secret and /or business secret is not allowed .
(vii) The Nigerian Investment Promotion Commission Decree of 1995 guarantees against expropriation.
A. Banking and Other 
Financial Services
(Excluding Insurance)
(a) Acceptance of deposits and
other repayable funds from
the public(CPC 81115-81119)
(b) Lending of all types
including mortgage credit,factoring and financing of
commercial transactions
(CPC 8113)
(c) Guarantees and
commitments(CPC 81199**)1) None
2) Unbound with the exception of (c)
3) None4) Unbound1) None
2) Unbound with the exception of (c)
3) None4) Unbound
(d) Financial leasing
(CPC 8112)
(e) All payment and money
transmission services,including credit, paymentand similar cards, travellers
cheques and cheques.
(CPC 81339**)S/DCS/W/NGA
Page 5Modes of supply: 1) Cross-border supply 2) Consumption abroad 3) Commercial presence 4) Presence of natural persons
Sector or Sub-sector Limitations on Market Access Limitat ions on  National Treatment Additional Commitments
(f) Trading for account of
customers:
- money market instruments
(CPC 81339**)
- foreign exchange
(CPC 81333)
- transferable security
(CPC 81321*)
- other negotiable
instruments (CPC 81339**)
(g) Asset management
(CPC 8119** + 81323*)
(h) Settlement and clearing
services for financial assets,including securities(CPC 81339** or 81319**)
(i) Provision and transfer of
financial information andfinancial data (CPC 8131)
B. Insurance Services
(a) All government properties are to be insured with the National Insurance Corporation of Nigeria;  unless where the Head of St ate approves in writing to the 
contrary.
(b) All imports into Nigeria to be insured locally by insurance companies registered in Nigeria.(c) An insurance broker has to obtain approval before  entering into contract with foreign insurers.
(a) Life, accident and health
insurance services
(CPC 8121)1) Unbound
2) Unbound
3) None
4) Unbound1) None
2) Unbound
3) None
4) Unbound
(b) Non-life insurance services
(CPC 8129)1) None
2) Unbound3) None
4) Unbound1) None
2) Unbound3) None
4) UnboundS/DCS/W/NGA
Page 6Modes of supply: 1) Cross-border supply 2) Consumption abroad 3) Commercial presence 4) Presence of natural persons
Sector or Sub-sector Limitations on Market Access Limitat ions on  National Treatment Additional Commitments
(c) Reinsurance and
retrocession (CPC 81299*)1) None
2) None3) The establishment of a reinsurance company
in Nigeria is subject to the approval of the
Minister of Finance, who shall have regard of
the need to control the number of reinsurancecompanies operating in the country. Insurersare required by law to cede 20 per cent of theirbusiness compulsorily to Nigeria Reinsurance
Corporation which has the right of First
Refusal before the ceding of any reinsurancebusiness outside Nigeria.
4) Unbound1) None
2) None3) None
4) Unbound
(d) Service auxiliary to
insurance, including
broking and agency
services (CPC 8140)1) None
2) None
3) None
4) Unbound1) None
2) None
3) None
4) Unbound
9. TOURISM AND TRAVEL
RELATED SERVICESA.-D.
(CPC 641-643, CPC 7471,
CPC 7472)1),2),
3),4) None1),2),
3),4) NoneS/DCS/W/NGA
Page 7Modes of supply: 1) Cross-border supply 2) Consumption abroad 3) Commercial presence 4) Presence of natural persons
Sector or Sub-sector Limitations on Market Access Limitat ions on  National Treatment Additional Commitments
11. TRANSPORT SERVICES
A. Maritime Transport 
Services
(b) Foreign transportation4
(CPC 7212)1) Unbound:  Access to Cargo is subject to the
provisions of the National Shipping Policy
Decree No. 10 of 19871) Unbound
- at least 40 per cent of Liner Cargo is 
reserved for national carriers;
- 100 per cent of government cargo is 
reserved for national carriers;
- 50 per cent of bulk trade (dry/wet) is 
reserved for national carriers4
- 50 per cent of cargo generated through 
technical assistance or international aid is reserved for ships owned or hired by national carriers
2) None3) None (provided ship-owner's representative
complies with relevant laws of establishingbusiness in Nigeria)
4) Unbound2) None
3) None
4) Unbound
(c) Rental vessels with crew
(CPC 7213)1) Unbound
2) None3) Unbound4) Unbound1) Unbound
2) None3) Unbound4) Unbound
(d) Maintenance and repair of
vessels
(CPC 8868)1) Unbound
2) Bound
3) None
4) Unbound1) None
2) Bound (authorisation necessary for national
carriers)
3) None4) Unbound
                                                          
4 Cabotage is excluded.S/DCS/W/NGA
Page 8Modes of supply: 1) Cross-border supply 2) Consumption abroad 3) Commercial presence 4) Presence of natural persons
Sector or Sub-sector Limitations on Market Access Limitat ions on  National Treatment Additional Commitments
D. Rail Transport Services
(d) Maintenance and repair of
rail transport equipment(CPC 8868)1),2) Unbound
∗
3),4) None1),2) Unbound*
3),4) None
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∗ Unbound due to lack of technical feasibility.