By Odita Sunday
The Nigeria Customs Service (NCS) has commenced the implementation of the Federal Government’s approved 2026 Fiscal Policy Measures and Tariff Amendments, introducing sweeping changes to Nigeria’s customs and excise tariff regime aimed at boosting domestic industrial growth, enhancing revenue generation, and strengthening the country’s trade competitiveness.
The Service said the new fiscal measures, approved by President Bola Ahmed Tinubu, GCFR, form part of the Federal Government’s broader strategy to strengthen Nigeria’s fiscal and trade policy framework while aligning the nation’s tariff system with regional and international obligations.
The announcement was contained in a statement on Wednesday by Abdullahi Maiwada, Deputy Comptroller of Customs, National Public Relations Officer, for Comptroller-General of Customs.
According to the statement, the approved measures introduce 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.
Among the key amendments are 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 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.
The Nigeria Customs Service urged importers, exporters, manufacturers, licensed customs agents, and other stakeholders to familiarise themselves with the amended tariff schedules and ensure full compliance with all applicable fiscal and regulatory requirements governing their transactions.
To ensure a smooth implementation process 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 were encouraged to carefully study the document to ensure full compliance with the newly approved fiscal measures and tariff provisions.
The Service reaffirmed its commitment to supporting government economic policies while discharging its core responsibilities of trade facilitation, revenue collection, and border security, stressing that the success of the new fiscal measures depends on the cooperation of all stakeholders in the trade ecosystem to build a more competitive, transparent, and sustainable economy.
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