Customs Begins Implementation of 2026 Fiscal Policy, Revises Tariffs and Import Rules

The Nigeria Customs Service (NCS) has commenced the implementation of the Federal Government’s approved 2026 Fiscal Policy Measures and Tariff Amendments, introducing sweeping changes to the nation’s Customs and Excise Tariff framework aimed at strengthening trade, boosting revenue generation, and supporting domestic industrial growth.
The reforms, approved by President Bola Ahmed Tinubu, GCFR, are designed to enhance Nigeria’s economic competitiveness while aligning the country’s tariff regime with regional and international trade obligations, particularly the ECOWAS Common External Tariff (CET) framework.
According to the Service, the new fiscal policy package includes a Revised Import Adjustment Tax (IAT) List for the implementation of the ECOWAS Common External Tariff (2022–2027), a Revised National List under the same framework, a Revised Import Prohibition List (Trade), a Revised List of Goods Liable to Excise Duty, a Green Tax Surcharge on motor vehicles with engine capacities of 2,000cc and above, as well as a Revised Export Prohibition List.
The NCS urged importers, exporters, manufacturers, licensed customs agents, and other stakeholders to acquaint themselves with the amended tariff schedules and ensure strict compliance with the new fiscal and regulatory provisions governing their transactions.
To promote transparency and ensure a seamless transition, the Service has published the complete 2026 Fiscal Policy Measures and Tariff Amendments on its official website, encouraging stakeholders to carefully review the document and understand the new requirements before carrying out import or export activities.
The Service reaffirmed its commitment to implementing government economic policies while strengthening trade facilitation, revenue collection, and border security, noting that the success of the new fiscal measures depends on the active cooperation and compliance of all stakeholders within Nigeria’s trade ecosystem.