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Key Costs for Car Importing in Nigeria 2026

Key Costs for Car Importing in Nigeria 2026

Importing a car in Nigeria in 2026 requires prospective buyers to consider multiple costs beyond the displayed showroom price, including import duties, taxes, registration fees, and additional charges. Oloruntoba Anate, CEO & co-founder of Automat Hub Ltd., emphasized that buyers often overlook these costs.

The tariff structure includes a 20 percent customs import duty on the Cost, Insurance and Freight (CIF) value, a 7 percent surcharge on the duty, and levies from the National Automotive Council (NAC) of five percent for used vehicles and ten percent for new vehicles. Additionally, a 0.5 percent ECOWAS Trade Liberalisation Scheme levy and a 7.5 percent Value Added Tax apply.

The 2026 Fiscal Policy Measures introduced a Green tax on certain imported cars to discourage high-emission vehicles while exempting Fully Compressed Natural Gas (CNG), Liquefied Petroleum Gas (LPG), and Electric Vehicles from import duties and VAT to promote cleaner transport.

Plus234Feed summary based on reporting from BusinessDay. Read the original report below.

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