SEED ENTREPRENEURS ASSOCIATION OF NIGERIA (SEEDAN)

PUBLIC NOTICE
MEMBER COMMERCIAL ADVISORY

Date: 14 May 2025
Ref: SEEDAN/COM/2025/042

STANDARD COST-EXPOSURE TREATMENT FOR IMPORT-DEPENDENT INPUTS

The Seed Entrepreneurs Association of Nigeria (SEEDAN) hereby notifies member companies that, with effect from 1 June 2025, the Association’s commercial costing schedule for material foreign-currency exposures will apply the NIGERIA-CEL-v1.4 treatment to qualifying import-dependent transactions.

The treatment applies principally to:

imported seed-processing and conditioning equipment;
packaging materials and related production inputs;
laboratory and quality-control consumables; and
other material foreign-currency obligations arising within member operations.

Under the revised costing schedule, relevant transactions will separately record:

Primary-window FX allocation • Residual access exposure • Logistics escalation • Applicable landed-cost adjustments

Member companies applying the schedule are required to retain the supporting supplier, settlement and logistics records for the applicable pricing cycle.

The prescribed commercial schedule and associated implementation materials are available through the SEEDAN Secretariat.

Effective Date: 1 June 2025

SIGNED

Dr. Kabir Umar
Director, Commercial Programs
Seed Entrepreneurs Association of Nigeria (SEEDAN)

For enquiries:
SEEDAN Secretariat