By Vicky Attah, Correspondent
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, as part of efforts to strengthen Nigeria’s fiscal and trade policy framework, enhance revenue generation and improve the country’s economic competitiveness.
The Service said the new measures are designed to support domestic industrial development, facilitate legitimate trade and align Nigeria’s tariff regime with regional and international obligations.
According to a statement issued on Wednesday by the National Public Relations Officer of the Service, Deputy Comptroller of Customs Abdullahi Maiwada, the policy introduces wide-ranging amendments to the nation’s Customs and Excise Tariff framework to improve the administration of fiscal and tariff policies.
Among the approved changes 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, a Green Tax surcharge on motor vehicles with engine capacities of 2,000cc and above, as well as the revised Export Prohibition List.
The Customs Service urged importers, exporters, manufacturers, licensed customs agents and other stakeholders to familiarise themselves with the amended tariff schedules and comply fully with the applicable fiscal and regulatory requirements governing their transactions.
To ensure a smooth rollout of the policy, the Service said the complete 2026 Fiscal Policy Measures and Tariff Amendments have been published on its official website for public access, encouraging stakeholders to study the document carefully to ensure full compliance.
“The Service remains committed to supporting government policies while fulfilling its mandate of trade facilitation, revenue collection, and border security,” Maiwada said.
He added that the successful implementation of the new fiscal measures would depend on the cooperation of all stakeholders in the trade ecosystem, noting that the reforms are aimed at building “a more competitive, transparent, and sustainable economy.”
