FG Reviews Tariff Policies to Strengthen Nigeria’s Industrial Competitiveness

Abuja, January 9, 2026

The Federal Government has commenced a strategic review of Nigeria’s tariff policies as part of broader efforts to boost industrial growth, enhance economic competitiveness, and strengthen local production capacity across key sectors of the economy.

The review was led by the Minister of State for Finance, Hon. (Dr.) Doris Nkiruka Uzoka-Anite, during a high-level meeting with members of the Tariffs Review Board, where deliberations focused on aligning fiscal and trade policies with the evolving needs of the industrial and manufacturing sectors.

According to the Minister, the initiative is designed to encourage local production, protect domestic industries, and reduce the overall cost of doing business in Nigeria. She noted that an effective tariff regime must strike a careful balance—supporting essential imports that drive productivity while simultaneously strengthening Nigeria’s local value chains and industrial base.

Discussions at the meeting addressed persistent challenges faced by local manufacturers, including high input costs, competitiveness pressures from imports, and the need for policy coherence across government institutions. The review also examined how tariff adjustments can support the Federal Government’s industrialisation agenda and promote sustainable economic growth.
Dr. Uzoka-Anite emphasised the administration’s commitment to data-driven policymaking, stressing that reforms in the tariff structure would be guided by empirical evidence, stakeholder engagement, and global best practices. She reaffirmed that the goal is to build a more resilient, competitive, and inclusive Nigerian economy that creates jobs and unlocks opportunities for local industries.

The tariff review forms part of ongoing fiscal reforms aimed at positioning Nigeria as a more attractive destination for investment, improving industrial productivity, and ensuring long-term economic stability.