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FG cuts import duties on cars, rice, others in 2026 policy

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The Federal Government of Nigeria has approved a wide-ranging set of fiscal policy measures for 2026, cutting import duties on key goods such as vehicles, rice, palm oil and sugar, while introducing new taxes and protections aimed at supporting local industries and economic growth.

The new policy, contained in a circular signed by the Minister of Finance and Coordinating Minister of the Economy, Wale Edun, replaces the 2023 fiscal guidelines and takes immediate effect from April 1, 2026.

According to the document, the measures are part of Nigeria’s alignment with the ECOWAS Common External Tariff and are designed to “promote and stimulate growth in critical sectors of the economy.”

At the centre of the reform is a revised national tariff schedule covering 127 items, many of which now attract lower import duties. One of the most notable changes is the reduction in tariffs on fully built passenger vehicles, including four-wheel drives and station wagons, which have been cut to 40 per cent from the previous 70 per cent rate.

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Food imports also saw significant adjustments. Bulk rice now attracts a duty of 47.5 per cent, down from 70 per cent, while broken rice has been reduced to 30 per cent. Crude palm oil imports are now pegged at an effective rate of 28.75 per cent, while raw sugar tariffs range between 55 and 57.5 per cent, also lower than previous levels. Refined salt for human consumption has been adjusted to 55 per cent.

The government also reduced duties on several industrial and household items. Envelopes now attract 40 per cent duty, down from 50 per cent, while notebooks are set at 30 per cent. Ceramic tiles have also been adjusted, with unglazed tiles at 35 per cent and glazed tiles at 46.25 per cent.

In the steel sector, key materials such as zinc-coated sheets, steel coils and rods now attract about 35 per cent duty, reduced from earlier rates of up to 45 per cent. Cold-rolled steel with low carbon content is set at a lower rate of 15 per cent.

Other reductions affect electrical and construction-related equipment. Automatic circuit breakers now attract 10 per cent duty, down from 20 per cent, while modular surgical operating theatres have been reduced sharply to 5 per cent from 20 per cent. Air compressors and similar equipment are now set at 5 per cent.

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In a move aimed at boosting industrialisation, the government approved zero import duty on a number of critical assets. These include agricultural and manufacturing machinery, railway and tramway locomotives, cargo ships above 500 tonnes, as well as breathing equipment such as gas masks.

The policy also introduces Supplementary Protection Measures, including an Import Adjustment Tax on 192 tariff lines and an import prohibition list covering 17 items from countries outside the ECOWAS region. Items on the prohibition list include certain agricultural products and hazardous materials.

Edun said the Import Adjustment Tax would not be permanent, noting that “with effect from January 2027, all Import Adjustment Taxes, except for products on the African Continental Free Trade Area 3 per cent list, shall be gradually reduced on an annual basis until full elimination to zero per cent by 2036, in line with Nigeria’s commitments.”

As part of the changes, new excise duties will apply to non-alcoholic and alcoholic beverages, cigarettes and tobacco products. A green tax surcharge will also be introduced, both taking effect from July 1, 2026.

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However, the government provided exemptions under the green tax policy. Vehicles with engine capacity below 2000cc, mass transit buses, electric vehicles and locally manufactured auto components will not be subject to the surcharge, a move seen as encouraging cleaner transportation and local production.

To ease the transition, the government granted a 90-day grace period for importers who had initiated transactions before April 1, 2026. Such importers will be allowed to clear their goods under the old duty rates, provided they have existing Form ‘M’ and irrevocable trade agreements.

“A grace period of ninety days commencing from the date of this circular is hereby granted to all importers, manufacturers, and service providers,” the minister said, adding that the new excise duty rates would begin from July, while subsequent rates for 2027 and 2028 would take effect from January of each year.

The measures also include environmental controls, with waste polyethylene terephthalate added to the export prohibition list.

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Edun said the full details of the fiscal policy measures would be published in the official government gazette and urged stakeholders to comply with the new framework.

“These Fiscal Policy Measures, which supersede the 2023 Fiscal Policy Measures, shall be published in the Official Federal Government Gazette,” he said.

The new policy signals a shift in Nigeria’s trade and fiscal strategy, combining lower tariffs on key imports with targeted protections and incentives aimed at strengthening domestic industries while meeting regional and continental trade commitments.

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Atiku Knocks Tinubu Over Three-Week Europe Vacation

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Former Vice-President and African Democratic Congress (ADC) presidential candidate, Atiku Abubakar, has criticised President Bola Tinubu for embarking on a three-week vacation in Europe while Nigeria grapples with economic hardship, insecurity and other challenges.

Tinubu is currently travelling to Europe as part of his annual leave, with presidential aide Sunday Dare describing the trip as well deserved, given the President’s workload.

But Atiku, in a statement posted on his social media handles on Sunday, questioned the timing of the President’s departure, arguing that the country requires strong political leadership amid mounting difficulties.

According to Atiku, although there is no constitutional vacuum in Nigeria, there is “a disturbing vacuum of political leadership.”

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He said the President was leaving behind a country where petrol prices remain high, families are struggling to afford food, transport fares have become increasingly burdensome and insecurity continues to claim lives.

“Atiku said the fact that Vice-President Kashim Shettima is also outside the country on official duty at the African Union Extraordinary Session in Luanda, Angola, makes Tinubu’s decision to travel even more difficult to understand.

“Leadership is not merely the constitutional right to occupy an office; it is the judgment to know when your country needs you at home,” he said.

Using a family analogy, Atiku said a father would not leave for the airport when his house was on fire and members of his family were trapped inside.

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He stressed that his criticism was not against a President taking time to rest or travelling abroad, but against doing so when the country is facing what he described as serious economic and security challenges.

Atiku further accused the Tinubu administration of making Nigeria increasingly expensive for ordinary citizens.

“Millions of Nigerians are being grounded by hardship while their President is airborne. The people can barely afford to move, but the President keeps moving,” he said.

He added that a government that could not appreciate the hardship experienced by citizens would struggle to develop the political will needed to address it.

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“Tinubu made Nigeria expensive. I will make Nigeria affordable again,” Atiku declared.

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Tinubu takes South Africa xenophobia row to AU, demands action

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President Bola Tinubu has taken Nigeria’s concerns over recurring xenophobic and Afrophobic attacks in South Africa to the African Union (AU), demanding urgent continental action to protect the safety, dignity and rights of Africans across the continent.

Tinubu, who spoke through Vice President Kashim Shettima at the 21st Extraordinary Session of the Assembly of Heads of State and Government of the African Union in Luanda, Angola, said the attacks undermined the ideals of African solidarity, unity and peaceful coexistence.

The President called on the AU to place the issue on the agenda of its 40th Ordinary Session of the Assembly scheduled for January 2027, for consideration and appropriate action by African leaders.

“Nigeria wishes to express its concern over the recurring xenophobic and Afrophobic attacks against Africans and other nationals in South Africa,” Tinubu said.

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While acknowledging South Africa’s sovereign right to enforce its immigration laws and its contributions to the continent, the President stressed that such attacks could not be divorced from Africa’s broader commitment to unity and solidarity.

“While recognising South Africa’s sovereign right to enforce its immigration laws and acknowledging its contributions to the continent, Nigeria stresses that such attacks undermine African solidarity, unity and peaceful coexistence, and require urgent collective attention,” he said.

He added: “It is on this note that Nigeria calls on this august Assembly to place the matter on the agenda of the upcoming 40th Ordinary Session of the AU Assembly, scheduled for January 2027, for consideration and appropriate action.”

Tinubu urged the continental body and member states to intensify efforts to combat xenophobia and Afrophobia, stressing that dialogue, preventive diplomacy and collective action remained critical to preserving African unity.

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The President’s intervention came against the backdrop of Nigeria’s longstanding concern over attacks and hostility directed at Nigerians and other African nationals in South Africa.

On the wider security challenges confronting the continent, Tinubu backed the adoption of the Luanda Action Plan as a practical framework for strengthening conflict prevention and addressing the root causes of instability.

He argued that preventing conflicts remained more cost-effective and sustainable than attempting to manage them after they had escalated.
“For Nigeria, conflict prevention remains more cost-effective and sustainable than conflict management,” the President said.

He, however, warned that fragmented peace initiatives and growing external interference through foreign military forces, mercenaries and private defence contractors could undermine the AU’s conflict-prevention architecture and weaken the principle of African ownership.

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Tinubu also called on arms-producing and exporting countries to strengthen cooperation with African states to prevent weapons and ammunition manufactured within their jurisdictions from being diverted to terrorists and other non-state armed groups.

According to him, although the AU has established mechanisms for conflict prevention and resolution, limited trust among member states and inconsistent implementation have continued to constrain their effectiveness.

“The growing reliance on external actors risks weakening African institutions and the principle of African ownership,” he warned, urging member states to renew their commitment to collective responsibility for Africa’s peace and security.

Nigeria also supported sustainable and predictable financing for AU peace operations, as well as the full operationalisation of United Nations Security Council Resolution 2719, aimed at strengthening the continental body’s capacity to respond effectively to conflicts and crises.

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Tinubu urged African leaders to recommit to home-grown solutions, deeper cooperation and shared responsibility in confronting the continent’s security challenges.

“Let us therefore renew our collective commitment to solidarity, cooperation, and shared responsibility as we build the Africa we want,” the President said.

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Jay-Jay Okocha Steals the Show with Emotional Father-Daughter Dance at Daughter Daniella’s Marbella Wedding

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Nigerian football legend Austin “Jay-Jay” Okocha has melted hearts online after sharing a joyful and emotional father-daughter dance with his daughter, Daniella, at her glamorous wedding in Marbella, Spain.

The touching moment took place on Saturday, August 29, 2026, during the lavish destination wedding of 27-year-old Daniella and her husband, Leonard Okorocha.

Daniella, a law graduate, and Leonard had previously celebrated their union with legal and traditional wedding ceremonies in Lagos earlier in the year before taking their celebrations to the Spanish coast for their grand white wedding.

At the Marbella ceremony, Daniella looked stunning in an elegant, flowing beaded wedding gown as she joined her famous father on the dance floor.

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Okocha, one of Nigeria’s most celebrated footballers, appeared in high spirits as he danced alongside his daughter, displaying the same playful energy and charisma that made him a global football icon.

Videos from the celebration quickly made their way onto social media, with thousands of fans reacting to the heartwarming display between the football legend and his daughter.

Music executive Paulo Okoye, who attended the wedding, shared a video of the special moment online with the simple caption, “Father and daughter dance.”

The footage showed Okocha enjoying the moment with Daniella as guests celebrated around them, offering fans a glimpse into a more personal side of the former Super Eagles captain.

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Okocha’s legendary football career was built on extraordinary skill, creativity and entertaining footwork, qualities that earned him worldwide recognition and made the phrase “Jay-Jay, so good they named him twice” synonymous with his football legacy.

However, it was his role as a proud father that took centre stage in Marbella as he celebrated one of the biggest milestones in his daughter’s life.

The emotional dance also triggered nostalgic reactions from fans who remembered watching Okocha produce some of his most memorable performances during his playing career, including his appearances for Nigeria at the 1994 FIFA World Cup.

Many social media users praised the warmth between father and daughter, while others commented on how quickly Daniella had grown from a child into a bride.

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The moment also resonated because of its simplicity. Away from the glamour surrounding the destination wedding, Okocha was simply a father celebrating his daughter as she began a new chapter of her life.

The Marbella ceremony brought together family, friends and prominent personalities for a glamorous celebration filled with music, dancing and memorable moments.

As images and videos from the wedding continue to circulate online, the father-daughter dance has emerged as one of the most widely celebrated moments from the occasion.

For Okocha, whose football career gave millions of Nigerians unforgettable memories, the Marbella celebration provided another special moment—this time not on a football pitch, but on the dance floor with his daughter.
Daniella and Leonard have continued to receive congratulatory messages from family, friends and well-wishers as they begin their journey together as husband and wife.

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