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 framework aimed at strengthening fiscal policy, promoting trade and boosting government revenue.
The reforms, approved by President Bola Tinubu, introduce significant changes to Nigeria’s Customs and Excise Tariff system to improve economic competitiveness, support local industries, enhance revenue generation and align the country’s tariff regime with regional and international trade obligations.
The announcement was made on Wednesday in a statement by the National Public Relations Officer of the Nigeria Customs Service, Deputy Comptroller Abdullahi Maiwada.
According to the statement, the new measures include a revised Import Adjustment Tax (IAT) list for implementing the ECOWAS Common External Tariff (2022–2027), an updated National List under the regional tariff framework, a revised Import Prohibition List, an updated list of goods subject to excise duty, a Green Tax surcharge on vehicles with engine capacities of 2,000cc and above, and a revised Export Prohibition List.
The Customs Service said the reforms are designed to facilitate legitimate trade while improving the administration of Nigeria’s fiscal and tariff policies.
It urged importers, exporters, manufacturers, licensed customs agents and other stakeholders to study the revised tariff schedules and comply fully with the new fiscal and regulatory 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.”
To support a seamless implementation, the agency said the full 2026 Fiscal Policy Measures and Tariff Amendments have been published on its official website for public access.
The Service encouraged stakeholders to review the document carefully to ensure proper compliance with the approved reforms.
The NCS reaffirmed its commitment to trade facilitation, revenue generation and border security, adding that the success of the new policy framework will depend on the cooperation of businesses and stakeholders across Nigeria’s trade ecosystem.
According to the agency, the reforms are expected to contribute to building a more competitive, transparent and sustainable economy.
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