NGThe Nigerian federal government has reduced import duties on both new and used vehicles as part of its 2026 fiscal policy, according to the Comptroller-General of the Nigeria Customs Service, Adewale Adeniyi. The new tariffs lower the duty on used vehicles from 15% to 5%, and on new vehicles from 20% to 10%. While the changes aim to boost economic activity, they are expected to reduce customs revenue from vehicle imports. During a meeting with lawmakers, some questioned whether the reductions would deter traders from importing goods through neighboring ports like Cotonou. Committee chairman Leke Abejide praised the policy as a positive step for citizens, noting consistent demands for lower vehicle import duties. Adeniyi also reported that the Nigeria Customs Service collected ₦7.258 trillion in 2025, exceeding its target by ₦1.153 trillion, though certain government policies limited revenue collection.
Bias read (Center): The article presents the policy change as a government initiative without overtly praising or criticizing it. It includes perspectives from both the customs authority and lawmakers, with some questioning the effectiveness of the policy. There is no clear ideological leaning toward either left or右,而是
