FG Slashes Import Duties on Cars, Rice, Palm Oil in 2026 Fiscal Policy

Federal Government has approved sweeping 2026 fiscal measures slashing import duties on vehicles, rice, palm oil, sugar, and other essentials while introducing new taxes and protections to bolster local industries and economic growth. Finance Minister and Economy Coordinating Minister Wale Edun signed the circular, effective April 1, 2026, replacing 2023 guidelines and aligning with ECOWAS

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