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Pascal Oparada is a journalist with Legit.ng, covering technology, energy, stocks, investment, and the economy for over a decade.
The Federal Government has officially reduced import duties on both used (Tokunbo) and brand-new vehicles, a move expected to lower the cost of vehicle imports and provide relief for millions of Nigerians struggling with soaring car prices.
The Comptroller-General of the Nigeria Customs Service (NCS), Adewale Adeniyi, confirmed the development while defending the agency’s 2026 budget proposal before the House of Representatives Committee on Customs and Excise.
According to Adeniyi, import tariffs on used vehicles have been slashed from 15% to 5%, while duties on brand-new vehicles have been reduced from 20% to 10% under
