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Nigeria introduces a Green Tax aimed at reducing pollution from high-emission vehicles while lowering import duties on othersEnvironmental levy tiers vary: 2% for 2,000cc-3,999cc engines and 4% for those above 4,000ccExperts caution that while some prices may drop, buyers of larger vehicles should anticipate increased costs
Pascal Oparada is a journalist with Legit.ng, covering technology, energy, stocks, investment, and the economy for over a decade.
Nigeria’s latest fiscal reforms are set to reshape the automobile market, offering relief for some car buyers while increasing costs for others.
Under the Federal Government’s 2026 Fiscal Policy Measures, which took effect on July 1, import duties on new and used vehicles have been significantly reduced.
Nigeria begins a new tax on imported vehicles; dealers reveal the effect on prices. Credit: andresrSource: Getty Images
At the same time, a new Green Tax has been introduced for larger, high-emission vehicles as part of efforts to promote cleaner transportation and
