Originally published by BusinessDay. Read the full story →
The Nigerian government has approved the 2026 Fiscal Policy Measures (FPM), which took effect on 1st April 2026. These measures introduce substantial reductions in import duties on vehicles, food items, and industrial machinery, with the aim of curbing inflation and boosting local production. Notably, import duties on vehicles have been reduced from 70% to 40%, […] read more Electric vehicle adoption in Nigeria: Implications of the 2026 Fiscal Policy reforms