The Federal Government has approved the implementation of the 2026 Fiscal Policy Measures and Tariff Amendments, with the Nigeria Customs Service (NCS) announcing the commencement of the new tariff framework.
The reforms, approved by President Bola Tinubu, are aimed at improving Nigeria’s trade and fiscal policies, promoting industrial growth, boosting revenue generation and aligning the country’s tariff system with regional and international commitments.
The announcement was made by the National Public Relations Officer of the Nigeria Customs Service, Deputy Comptroller Abdullahi Maiwada on Wednesday.
Under the new measures, the government introduced adjustments to the Customs and Excise Tariff framework, including changes to the Import Adjustment Tax List under the ECOWAS Common External Tariff, a revised national tariff list and updates to prohibited goods schedules.
Other measures include a revised list of goods subject to excise duties, a Green Tax surcharge on motor vehicles with engine capacities of 2,000cc and above, and amendments to the export prohibition list.
The Customs Service said the changes are designed to support legitimate trade activities while improving the management of Nigeria’s fiscal and tariff policies.
It urged importers, exporters, manufacturers, licensed customs agents and other stakeholders to study the updated tariff schedules and comply with the new requirements.
“Importers, exporters, manufacturers, licensed customs agents, and other stakeholders are required to familiarise themselves with the provisions of the amended tariff schedules and ensure full compliance with the applicable fiscal and regulatory requirements governing their respective transactions,” the Service said.
The agency said the complete 2026 Fiscal Policy Measures and Tariff Amendments have been made available through its official channels to allow businesses and stakeholders access the new guidelines.
The Customs Service added that it would continue to focus on its responsibilities of trade facilitation, revenue collection and border security.
It said successful implementation of the reforms would require cooperation from all participants in the trade sector to achieve a “more competitive, transparent, and sustainable economy.”
