The Nigeria Customs Service has announced the implementation of the Federal Government’s 2026 Fiscal Policy Measures and Tariff Amendments, introducing sweeping changes to the country’s customs and excise framework aimed at boosting industrial growth, enhancing revenue generation and strengthening Nigeria’s trade competitiveness.
The new measures, approved by President Bola Ahmed Tinubu, are designed to align Nigeria’s tariff regime with regional and international obligations while improving the administration of fiscal and trade policies. The NCS said the reforms underscore the Federal Government’s commitment to creating a more competitive and transparent economy.
Among the key changes are revisions to the Import Adjustment Tax (IAT) List and the National List under the ECOWAS Common External Tariff (2022–2027), alongside updates to the Import Prohibition List, Export Prohibition List and the schedule of goods subject to excise duty.
The policy also introduces a Green Tax surcharge on motor vehicles with engine capacities of 2,000cc and above. NCS spokesperson, Deputy Comptroller Abdullahi Maiwada, in a press release issued on Wednesday, said the amendments are expected to support domestic industrial development, facilitate legitimate trade and improve the efficiency of fiscal and tariff administration across the country.
Reaffirming its commitment to trade facilitation, revenue collection and border security, the NCS said the successful implementation of the new measures would depend on the cooperation of all participants in the trade ecosystem.