The Nigeria Customs Service, NCS has announced the implementation of the 2026 Fiscal Policy Measures and Tariff Amendments approved by President Bola Tinubu, aimed at strengthening Nigeria’s fiscal and trade policy framework, enhancing revenue generation and boosting economic competitiveness.
The Service said the measures are designed to align Nigeria’s tariff regime with regional and international obligations while supporting domestic industrial development, facilitating legitimate trade and improving the administration of fiscal and tariff policies.
According to the NCS, the approved amendments introduce comprehensive changes to the Customs and Excise Tariff framework, including 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 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 to familiarise themselves with the amended tariff schedules and ensure full compliance with the applicable fiscal and regulatory requirements governing their transactions.
To promote seamless implementation and transparency, the NCS said the complete 2026 Fiscal Policy Measures and Tariff Amendments have been made available for download on its official website, encouraging stakeholders to study the provisions carefully to ensure compliance.
The Service reaffirmed its commitment to supporting government policies while discharging its mandate of trade facilitation, revenue collection and border security, noting that the successful implementation of the new fiscal measures and tariff amendments would require the cooperation of all stakeholders in the trade ecosystem to build a more competitive, transparent and sustainable economy.