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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.
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.
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.
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.
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.
News
Six members of same family shot dead during domestic dispute in US
Six people were killed in the US state of Iowa after a series of shootings that appeared to stem from a domestic dispute, police said.
The suspected shooter also was found dead with a self-inflicted gunshot wound, according to the Muscatine Police Department.
The victims are believed to be family members of the suspect, identified as Ryan Willis McFarland, 52, of Muscatine, the department said.
Muscatine Police Chief Anthony Kies called the shooting an “act of evil”.
The shootings took place on Monday at multiple locations within the city of Muscatine.
Police received a report of a shooting just after noon on Monday. When officers responded to a home, they found four people with gunshot wounds, police said.
All four victims were pronounced dead at the scene.
McFarland had left the residence before officers arrived, but officials found him shortly after on a riverfront trail near a pedestrian bridge.
He had a self‑inflicted gunshot wound, police said, and received medical aid, but was pronounced dead at the scene.
Detectives later found another man dead from an apparent gunshot wound in a different residence. A further search led officers to a business, where they found another victim, also dead of an apparent gunshot wound.
Online maps show a metal workshop at the address provided by police.
“Preliminary findings indicate the shootings stemmed from a domestic‑related dispute,” McFarland police said in a statement. “All victims are believed to be family members of the deceased suspect.”
Kies did not give the names or ages of the victims and noted that the investigation is ongoing.
He confirmed the suspect had an existing criminal record but did not share any further details.
Muscatine, in the southwest of Iowa, sits on the Mississippi River and has a population of approximately 23,500 people, according to US government data published last year.
Mayor Brad Bark wrote in a post on Facebook: “Our hearts are heavy tonight after the tragic shootings that claimed innocent lives.”
Source: BBC
News
Sad: Gunmen attack Soludo’s Chief of Staff Convoy, two policemen killed
Two policemen have been feared killed after suspected hoodlums attacked the convoy of the Chief of Staff to Anambra State Governor, Dr. Ben Nwankwo, along the Amansea–Ufuma Road.
Dr. Nwankwo escaped unhurt in the attack, which reportedly occurred on Sunday night.
The Anambra State Commissioner of Police, Ikioye Orutugu, has issued a 48-hour ultimatum to police formations and operational units across the state to track down and arrest those responsible for the attack.
The directive was issued during an emergency security meeting at the State Police Command Headquarters, where senior officers and heads of tactical units were briefed on the urgency of the situation.
Orutugu described the attack as a direct assault on the authority of the state and vowed that it would not go unpunished.
“I want you to fish out the attackers and the killers of our officers. I demand immediate action to apprehend those responsible for this heinous act. I want results. The people of Anambra State must know that the police are fully in charge and ready to protect them,” he said.
He warned that criminal elements would no longer be allowed to operate under the cover of darkness to carry out violent attacks in the state.
“This kind of killing cannot happen under my watch. We must bring the perpetrators to justice and put an end to their activities,” the CP added.
Orutugu also expressed concern over emerging criminal tactics, noting that intelligence reports suggest some attackers now disguise themselves in police and military uniforms to evade detection.
He urged members of the public to remain vigilant, especially while travelling along vulnerable routes.
The police commissioner specifically cautioned motorists and commuters using the Amansea–Ufuma Road, describing it as an isolated route that has recently become a hotspot for criminal ambushes.
“The Amansea–Ufuma Road is a particularly isolated route. Commuters and members of the public should exercise caution while using the road, as it has, in recent times, become a den of criminal elements,” he said.
Orutugu assured residents that the command remains fully committed to restoring normalcy and ensuring the safety of lives and property across the state.
He added that intelligence-led operations had already commenced, expressing confidence that the perpetrators would be apprehended within the 48-hour window.
News
Bandit leader establishes contacts with abducted General’s family, gives condition for release
A notorious bandit leader, Kachallah Muhammad, has established communication with relatives of the abducted retired senior military officer, Major General Rabe Abubakar Batsari, Daily Trust learnt on Monday.
Sources told our correspondent that the bandit kingpin, who operates in parts of Katsina State, opened a line of communication with the family of the retired General on Monday morning.
The retired Major General and his wife were reportedly abducted on Saturday in Katsina State.
Their vehicle was ambushed along the Marabar Musawa–Kafinsoli Road in Matazu Local Government Area by gunmen, who, according to witnesses, emerged from hiding, blocked the road and opened fire on the vehicle, forcing it to a halt before abducting the retired officer and his wife into a nearby forest.
The road, according to residents of the area, is unsafe due to repeated bandit attacks.
A senior local government official in Batsari, who spoke on condition of anonymity due to security concerns, confirmed to our correspondent that he personally spoke with the abducted officer during the conversation facilitated by the bandit leader.
“I spoke with Major General Rabe through Kachallah Muhammad. He told us that he is hale and hearty and that his wife is also fine,” the official said.
According to the source, the retired general assured his family and associates that they are being adequately taken care of by their captors, a development that has somewhat eased anxiety among relatives and residents of the area.
The official further disclosed that during the interaction, Kachallah Muhammad made his demands clear, insisting on the release of his relatives, allegedly being held by Nigerian security authorities.
“He said what he wants is the immediate release of his relatives in government custody,” the official added.
The bandit leader, the source said, also expressed willingness to return to negotiations, indicating openness to dialogue aimed at restoring peace in Matazu and other areas under his influence.
“He said he is ready to go back to the negotiation table to achieve peace in Matazu and neighbouring communities,” the official said.
Family, residents express concern
Relatives and residents of Batsari have expressed deep concern over the abduction of the retired senior military officer, describing the incident as a devastating blow to both his family and the community that has benefited from his years of service and philanthropy.
A family member, Mariya Ibrahim, said the retired general, whom she described as the family’s breadwinner, was travelling to Katsina for a wedding with his wife when they were abducted.
“He served this country with dedication and deserves protection even in retirement. We want him and his wife rescued alive and unharmed,” she said.
A resident, Ibrahim Mamman Batsari, said: “If a retired senior military officer can be kidnapped, then ordinary citizens are even more vulnerable. Government must rise to its responsibility.”
Another relative, Aisha Abubakar Batsari, described the retired officer as the pillar of the extended family and appealed for his safe rescue.
Residents noted that the general had remained actively involved in community development projects in Batsari.
A community leader, Haruna Mai Maganin Kwari Batsari, said the retired officer was expected in the town on the day of the incident to discuss community matters.
Security expert, Abubakar Ibrahim, said the incident reflects a dangerous escalation of insecurity in Katsina State, warning that criminal groups appear to be growing bolder.
“The kidnapping of a retired Major General shows how emboldened bandits have become. It exposes the vulnerability of major highways and rural communities. If urgent and decisive action is not taken, the situation could further deteriorate.” Source: Daily Trust
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