Nigeria Implements New Tax Rules on Large-Engine Vehicle Imports
Nigeria has introduced a new tax on imported vehicles with large engine capacities as part of its 2026 fiscal policy framework. The measure, approved by President Bola Tinubu, imposes a surcharge of 2% to 4% on vehicles with engine sizes between 2,000cc and above, effective from July 1. Smaller vehicles, mass transit buses, electric vehicles (EVs), and locally assembled cars are exempt from this levy. This policy is part of Nigeria's broader effort to align economic reforms with environmental goals, aiming to reduce transport emissions and reliance on imported used vehicles. 
