Customs roll out 2026 fiscal measures, revises import tariffs

The Nigeria Customs Service (NCS) has rolled out the 2026 Fiscal Policy Measures and Tariff Amendments, a set of changes approved by President Bola Tinubu. These measures are designed to bolster Nigeria's fiscal and trade policies, making the economy more competitive, increasing revenue generation, and ensuring the nation's tariff system aligns with both regional and international obligations.

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The approved amendments include the Revised Import Adjustment Tax (IAT) List for the implementation of the ECOWAS Common External Tariff (2022–2027), the Revised National List for the implementation of the ECOWAS Common External Tariff (2022–2027), the Revised Import Prohibition List (Trade), the Revised List of Goods Liable to Excise Duty, the Green Tax Surcharge on motor vehicles with engine capacities of 2000cc and above, and the Revised Export Prohibition List.

According to Abdullahi Maiwada, the National Public Relations Officer of the NCS, the approved amendments introduce significant changes to the excise tariff framework. These include adjustments to the ECOWAS Common External Tariff (2022–2027) through revised Import Adjustment Tax and National Lists. Additionally, there are updates to the Import Prohibition List, goods liable to excise duty, a new Green Tax Surcharge on vehicles with engines 2000cc and above, and a revised Export Prohibition List.

The NCS is urging all importers, exporters, manufacturers, customs agents, and other stakeholders to familiarize themselves with these new provisions. Maiwada emphasized that full compliance with the applicable fiscal and regulatory requirements is mandatory for all transactions. To aid in this process, the complete documentation for the 2026 Fiscal Policy Measures and Tariff Amendments is available for download on the NCS official website.

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The Service hereby encourages all stakeholders to carefully study the provisions of the document to ensure full compliance with the approved fiscal measures and tariff amendments.

Maiwada reiterated the Service's commitment to supporting government policies while upholding its core mandates of trade facilitation, revenue collection, and border security. He stressed that the successful implementation of these measures depends on the collective cooperation of all stakeholders in the trade ecosystem, working towards a more competitive, transparent, and sustainable economy.

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The Service remains committed to supporting government policies while fulfilling its mandate of trade facilitation, revenue collection and border security.