Customs Begins Implementation of 2026 Fiscal Policy Measures, Tariff Amendments
The Nigeria Customs Service, NCS has commenced the implementation of the Federal Government’s approved 2026 Fiscal Policy Measures and Tariff Amendments aimed at strengthening Nigeria’s fiscal and trade policy framework, enhancing economic competitiveness, boosting revenue generation, and aligning the country’s tariff regime with regional and international obligations.
The Service disclosed this in a statement issued on Wednesday by its National Public Relations Officer, Deputy Comptroller of Customs Abdullahi Maiwada, on behalf of the Comptroller-General of Customs.
According to the statement, the newly approved fiscal measures introduce comprehensive amendments to Nigeria’s Customs and Excise Tariff framework designed to support domestic industrial development, facilitate legitimate trade, and improve the administration of fiscal and tariff policies nationwide.
Among the key amendments are 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 (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, and the Revised Export Prohibition List.
The Customs Service urged importers, exporters, manufacturers, licensed customs agents, and other stakeholders in the trade value chain to familiarise themselves with the provisions of the 2026 Fiscal Policy Measures and Tariff Amendment schedules and ensure full compliance with all applicable fiscal and regulatory requirements.
To ensure seamless implementation and promote transparency, the Service announced that the complete 2026 Fiscal Policy Measures and Tariff Amendments have been published on its official website for public access.
It encouraged stakeholders to carefully study the document to ensure proper understanding and compliance with the approved fiscal measures and tariff changes.
Reaffirming its commitment to government economic reforms, the Nigeria Customs Service stated that it would continue to promote trade facilitation, revenue generation, and border security while working with stakeholders to ensure the successful implementation of the new fiscal policy measures.
The Service added that effective collaboration among all players in the trade ecosystem remains critical to building a more competitive, transparent, and sustainable Nigerian economy.