The VAT Act in Nigeria provides a comprehensive list of exemptions and zero-rated items, reflecting the government’s efforts to make essential goods and services more accessible to the public.

Below are the exemptions:

Here is a list of goods that are exempt from value-added tax in Nigeria:
All medical and pharmaceutical products
Basic food items
Educational Books and materials
Baby products
Fertilizers, locally produced agricultural chemicals and veterinary medicines
All exports
Plant and Machinery
Locally produced sanitary towels, pads or tampons
Commercial aircraft, aircraft engines and aircraft spare parts
Petroleum products – (aviation turbine kerosene, premium motor spirit, household kerosene, locally produced Liquefied Petroleum Gas (LPG), and crude petroleum oils.
Renewable energy equipment.
Raw materials for the production of baby diapers and sanitary towels.
Raw materials for the production of pharmaceutical products
Locally produced animal feeds.
Military hardware, arms, ammunition and locally manufactured uniforms are used by the armed forces, paramilitary and other security agencies of governments in Nigeria.
Gas is supplied by gas-producing companies to Generating companies (GENCOs), Electricity generated by GENCOs and supplied to National Grid or Nigeria Bulk Electricity Trading Company (NBET) and Electricity transmitted by Transmission Company of Nigeria (TCN) to Electricity Distribution Companies (DISCOs).
Agricultural seeds and seedlings.

Here is a list of services that are exempt from Value Added Tax in Nigeria:

Medical Services
Services rendered by unit microfinance banks and mortgage institutions
Plays and performances conducted by educational institutions as part of learning
All exported services
Tuition relating to nursery, primary, secondary and tertiary education
Airline transportation tickets issued and sold by commercial airlines registered in Nigeria
Hire rental or lease of tractors, ploughs and other agricultural equipment for agricultural Purposes
Shared passenger road transport service

Read more about Value Added Tax in Nigeria here - https://blog.taxpal.africa/value-added-tax-in-nigeria/