On 1 April 2026, the Federal Government through a Circular signed by the Honourable Minister of Finance and Coordinating Economy, approved the implementation of the 2026 Fiscal policy measures by introducing a comprehensive review of Nigeria’s import tariff structure and excise regime. The new excise duty regime and the green tax surcharge are to take effect from 1 July 2026. The Supplementary Protection Measures (SPM) introduced by the Minister are issued under the framework of Nigeria’s commitments to the ECOWAS Common External Tariff (CET) 2022–2027 and the African Continental Free Trade Area (AfCFTA).
This alert outlines the key components of the policy measures and their practical implications for businesses.
Key Highlights of the 2026 Fiscal Policy Measures
Revision of Tariff Structure
The policy introduces a revised tariff framework designed to balance domestic industrial protection with regional trade obligations. As part of the implementation, a Schedule of 127 tariff lines has been approved, featuring adjusted import duty rates intended to stimulate productivity in priority sectors. The revised tariff framework affects a broad range of goods, including food products, industrial inputs, and capital equipment.
Some of the revised import duty rates include: