Joyce Mmereole Okoli
In line with the Federal Government’s commitment to 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, the Nigeria Customs Service (NCS) has announced the implementation of the 2026 Fiscal Policy Measures and Tariff Amendments approved by President Bola Ahmed Tinubu, GCFR.
The Service stated that the newly approved fiscal measures introduce far-reaching amendments to Nigeria’s Customs and Excise Tariff framework aimed at promoting domestic industrial growth, facilitating legitimate trade, improving revenue administration, and ensuring effective implementation of fiscal and tariff policies nationwide.
According to the NCS, the 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 ECOWAS Common External Tariff (2022–2027), the Revised Import Prohibition List (Trade), the Revised 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, as well as the Revised Export Prohibition List.
The Service urged importers, exporters, manufacturers, licensed customs agents and other stakeholders within the trade ecosystem to familiarise themselves with the provisions of the revised tariff schedules and ensure strict compliance with all applicable fiscal and regulatory requirements governing their transactions.
To support smooth implementation and enhance transparency, the Nigeria Customs Service has made the full 2026 Fiscal Policy Measures and Tariff Amendments available on its official website. Stakeholders are encouraged to download the document from www.customs.gov.ng or access it directly through the Customs Excise Tariff Variation Order portal and carefully study its provisions to ensure full compliance with the approved measures.
The Service reaffirmed its commitment to supporting the Federal Government’s economic reform agenda while discharging its statutory responsibilities of trade facilitation, revenue generation and border security. It noted that the successful implementation of the 2026 Fiscal Policy Measures and Tariff Amendments will depend on the cooperation of all stakeholders as Nigeria works towards building a more competitive, transparent and sustainable economy.