Customs Begins Implementation of 2026 Fiscal Policy, Tariff Reforms
The Nigeria Customs Service (NCS) has commenced the implementation of the Federal Government’s 2026 Fiscal Policy Measures and Tariff Amendments following the approval of President Bola Ahmed Tinubu.
The new fiscal measures are designed to strengthen Nigeria’s fiscal and trade policy framework, enhance economic competitiveness, boost revenue generation and align the country’s tariff regime with regional and international trade obligations.
According to a statement issued on Wednesday by the National Public Relations Officer of the Service, Deputy Comptroller of Customs Abdullahi Maiwada, the approved policy introduces comprehensive amendments to the Customs and Excise Tariff framework aimed at promoting domestic industrial development, facilitating legitimate trade and improving the administration of fiscal and tariff policies nationwide.
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Maiwada said 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 under the ECOWAS Common External Tariff, 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.
He urged importers, exporters, manufacturers, licensed customs agents and other stakeholders in the trade value chain to familiarise themselves with the amended tariff schedules and ensure full compliance with the applicable fiscal and regulatory requirements governing their transactions.
To ensure seamless implementation and promote transparency, the Customs spokesperson disclosed that the complete 2026 Fiscal Policy Measures and Tariff Amendments have been published on the Service’s official website for public access.
He encouraged stakeholders to carefully study the document to gain a clear understanding of the approved fiscal measures and tariff adjustments in order to ensure compliance.
The Nigeria Customs Service reaffirmed its commitment to supporting the Federal Government’s economic policies while discharging its statutory responsibilities of trade facilitation, revenue generation and border security.
The Service added that the successful implementation of the 2026 Fiscal Policy Measures and Tariff Amendments would require the active cooperation of all stakeholders to foster a more competitive, transparent and sustainable trading environment in Nigeria.
By PRNigeria
