Nigeria Reduces Vehicle Import Tariffs to 5% for Used Cars and 10% for New Cars

The Federal Government of Nigeria announced a reduction in import duties on vehicles as part of its 2026 fiscal policy measures. The tariff on used vehicles was cut from 15% to 5% and the duty on brand‑new vehicles from 20% to 10%. The change was presented by the Comptroller‑General of the Nigeria Customs Service, Bashir Adeniyi, before the House of Representatives Committee on Customs and Excise, with implementation starting in May.

The Customs Service reported that it collected N7.258 trillion in revenue in 2025, exceeding its target by N1.153 trillion (an 18.9% surplus). Despite the expected decline in revenue from lower vehicle duties, the agency set a 2026 revenue target of N11.074 trillion. It cited other influences on its earnings, including duty exemptions, the suspension of a proposed green tax, incentives for compressed natural gas and electric vehicles, and disruptions to global trade linked to the Russia‑Ukraine conflict.