Picnews
The Nigeria Customs Service (NCS) has commenced the enforcement of the 2026 Fiscal Policy Measures and Tariff Amendments approved by President Bola Ahmed Tinubu, as part of ongoing efforts to reposition Nigeria’s trade framework, encourage economic growth and strengthen revenue mobilisation.
The Service, in a statement issued on Wednesday by its National Public Relations Officer, Deputy Comptroller of Customs Abdullahi Maiwada, said the approved measures introduce major updates to the country’s Customs and Excise Tariff regime.
According to the NCS, the reforms are designed to promote local production, support legitimate businesses, streamline trade processes and improve the effectiveness of fiscal policy implementation.
Among the key adjustments contained in the new measures are amendments to the Import Adjustment Tax (IAT) List under the ECOWAS Common External Tariff (2022–2027), updates to the National List, modifications to the Import Prohibition List (Trade), changes to the list of products subject to excise duties, the introduction of a Green Tax surcharge on vehicles with engine capacities of 2,000cc and above, as well as revisions to the Export Prohibition List.
The Customs Service advised importers, exporters, manufacturers, licensed customs agents and other stakeholders to review the updated tariff schedules and align their operations with the new regulatory requirements.
To ensure easy access and transparency, the Service disclosed that the complete 2026 Fiscal Policy Measures and Tariff Amendments have been uploaded on its official website for stakeholders and members of the public.
The NCS further assured Nigerians and the business community of its commitment to supporting government’s economic agenda through improved trade facilitation, efficient revenue collection and strengthened border control operations.
The Service called for the cooperation of all players within the trade ecosystem to ensure a smooth and successful implementation of the new fiscal measures.
