FG reduces used vehicle import levy to 5%, New vehicles to 10%
The Federal Government has reduced import tariffs on used vehicles from 15 per cent to five per cent and on brand-new vehicles from 20 per cent to 10 per cent.The Comptroller-General of the Nigeria Customs Service, NCS, Adewale Adeniyi, stated this on Monday when he appeared before the House of Representatives Committee on Customs and Excise duties to defend the service’s 2026 budget proposal.The Comptroller-General disclosed that the policy implementation began in May.Adeniyi said the revised excise tariffs on vehicles were contained in the 2026 fiscal policy measures. trending_flat News FG reduces used vehicle import levy to 5%, New vehicles to 10% Tosin July 7, 2026 trending_flat News & Politics Tragedy: Former deputy governor loses two children in accident Arthur Iyamore July 5, 2026 trending_flat Sports World Cup: Morocco defeats co-host Canada 3-0 to secure a spot in quarter-finals Arthur […]