The Nigeria Customs Service (NCS) has commenced the implementation of the Federal Government’s 2026 Fiscal Policy Measures and Tariff Amendments, following approval by President Bola Ahmed Tinubu.
The Service said the new fiscal measures are aimed at strengthening Nigeria’s fiscal and trade policy framework, enhancing economic competitiveness, boosting revenue generation, and aligning the country’s tariff regime with regional and international obligations.
In a statement issued by the National Public Relations Officer of the NCS, Dr. Abdullahi Maiwada, the Service said the approved policy introduces comprehensive amendments to Nigeria’s Customs and Excise Tariff framework to support domestic industrial development, facilitate legitimate trade, and improve the administration of fiscal and tariff policies nationwide.
According to the statement, the key amendments include the revised Import Adjustment Tax (IAT) List for the implementation of the ECOWAS Common External Tariff (2022–2027), the revised National List under the same tariff regime, the revised Import Prohibition List (Trade), the updated List of Goods Liable to Excise Duty, the introduction of a Green Tax surcharge on motor vehicles with engine capacities of 2,000cc and above, and the revised Export Prohibition List.
The NCS urged importers, exporters, manufacturers, licensed customs agents, and other stakeholders to familiarise themselves with the amended tariff schedules and ensure full compliance with the applicable fiscal and regulatory requirements governing their operations.
To ensure seamless implementation and promote transparency, the Service said the complete 2026 Fiscal Policy Measures and Tariff Amendments have been published on its official website for public access. Stakeholders are encouraged to study the document carefully to ensure compliance with the new fiscal measures and tariff provisions.
The Service reaffirmed its commitment to supporting government policies while discharging its core mandates of trade facilitation, revenue generation, and border security.
It added that the successful implementation of the 2026 Fiscal Policy Measures and Tariff Amendments will require the cooperation of all stakeholders in the trade ecosystem to build a more competitive, transparent, and sustainable economy.