The Nigeria Customs Service (NCS) has announced the implementation of the 2026 Fiscal Policy Measures and Tariff Amendments approved by President Bola Ahmed Tinubu, describing the move as a major step towards strengthening Nigeria’s fiscal and trade policy framework.
In a statement issued on Wednesday by the National Public Relations Officer of the Service, Deputy Comptroller of Customs Abdullahi Maiwada, the NCS said the measures are designed to enhance economic competitiveness, boost revenue generation, and align Nigeria’s tariff regime with regional and international trade obligations.
According to the Service, the approved fiscal policy introduces comprehensive amendments to the Customs and Excise Tariff framework to support domestic industrial development, facilitate legitimate trade, and improve the administration of fiscal and tariff policies nationwide.
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 implementation of 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 revised tariff schedules and ensure full compliance with the applicable fiscal and regulatory requirements governing their transactions.
To facilitate seamless implementation, the NCS said the complete 2026 Fiscal Policy Measures and Tariff Amendments have been published on its official website for public access. It encouraged stakeholders to study the document carefully to ensure compliance with the new fiscal measures and tariff amendments.
The Customs Service reaffirmed its commitment to supporting the Federal Government’s economic policies while discharging its statutory responsibilities of trade facilitation, revenue collection and border security.
It added that the successful implementation of the 2026 Fiscal Policy Measures and Tariff Amendments will depend on the cooperation of all stakeholders in the trade ecosystem to build a more competitive, transparent and sustainable economy.
