The Nigeria Customs Service (NCS) has commenced the implementation of the 2026 Fiscal Policy Measures and Tariff Amendments approved by President Bola Tinubu, introducing changes to the country’s customs and excise tariff framework.
The Service said the measures are aimed at strengthening Nigeria’s fiscal and trade policy framework, improving economic competitiveness, boosting revenue generation and aligning the country’s tariff regime with regional and international obligations.
In a statement issued on Wednesday, the NCS said the approved amendments were designed to support domestic industrial development, facilitate legitimate trade and improve the administration of fiscal and tariff policies.
According to the Service, the changes include a revised Import Adjustment Tax (IAT) List for the implementation of the ECOWAS Common External Tariff (2022–2027), a revised National List under the ECOWAS tariff framework, a revised Import Prohibition List (Trade), a revised list of goods liable to excise duty, a Green Tax surcharge on motor vehicles with engine capacities of 2,000cc and above, and a revised Export Prohibition List.
The Customs Service advised importers, exporters, manufacturers, licensed customs agents and other stakeholders to familiarise themselves with the amended tariff schedules and comply with the new fiscal and regulatory requirements.
It said the full 2026 Fiscal Policy Measures and Tariff Amendments had been published on its official website to enable stakeholders study the provisions and ensure compliance.
The Service reaffirmed its commitment to implementing government policies while facilitating legitimate trade, enhancing revenue collection and strengthening border security.
It added that the successful implementation of the new fiscal measures would require the cooperation of all stakeholders in the trade ecosystem to promote a more competitive, transparent and sustainable economy.