As part of the 2026 Fiscal Policy Measures, the federal government has decreased the import duty on both new and used vehicles. The government says the move is to lower the cost of importing vehicles, ease the burden on importers and improve access to vehicles for customers.
The new fiscal measures, which came into effect yesterday, Wednesday July 1 2026, are part of a wider reform of Nigeria’s import tariff structure and customs regime aimed at spurring economic activity and commerce, says The Nation. Population and demographics
The new policy cuts the import fee on new vehicles to 10% from 20%, while that on older vehicles has been slashed to 5% per cent from 15%.
The government said “The Nigeria Customs Service will introduce the Green Tax Surcharge as part of the 2026 Fiscal Policy Measures to support environmental sustainability, while reducing the import levy on new vehicles from 20% to 10% and that of used vehicles from 15% to 5% to ease the cost of vehicle importation, starting 1st July 2026.
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