The Nigeria Customs Service has announced the implementation of additional guidelines issued by the Federal Ministry of Finance for fiscal incentives under the Presidential Gas for Growth Initiative.

NCS’s spokesperson, Abdullahi Maiwada, said this in a statement on Friday in Abuja.

Mr Maiwada said the move was in furtherance of President Bola Tinubu’s commitment to promoting cleaner energy alternatives and enhancing the adoption of sustainable transportation solutions.

The NCS on Wednesday announced that it had commenced implementation of the federal government’s approved 2026 Fiscal Policy Measures and Tariff Amendments.

Customs said that the measures and amendments were aimed at strengthening Nigeria’s trade and fiscal framework.

It said the reforms were designed to align Nigeria’s tariff regime with regional and international obligations while supporting legitimate trade and fiscal administration nationwide.

Mr Maiwada said that pursuant to the approved fiscal incentives, the importation of specified environmentally friendly and gas-powered vehicles, equipment, and components would enjoy exemption from the payment of import duty and value-added tax.

“The approved categories include compressed natural gas (CNG) fuel vehicles (100 per cent CNG), liquefied petroleum gas (LPG) fuel vehicles (100 per cent LPG), and pure electric vehicles (100 per cent electric). Others are extended-range electric vehicles (EREVs) with a minimum pure electric range of 200 kilometres, CNG and LPG conversion kits for petrol and diesel vehicles.

“There are also tricycles and motorbikes certified for resale by the Federal Ministry of Finance, as well as semi-trailers configured with skid-mounted CNG, LPG, and liquefied natural gas (LNG) storage tanks for gas distribution,” he said.

He said that importers seeking to benefit from these incentives were required to obtain an Import Duty Exemption Certificate (IDEC) issued by the Federal Ministry of Finance.

He said that they should also comply with all applicable regulatory requirements governing the importation of eligible items.

According to him, the approved fiscal framework provides that some specific categories of vehicles and related items will remain subject to the payment of import duty and VAT.

“These include Hybrid Electric Vehicles (such as Electric/Petrol and Electric/Diesel variants), dual-fuel Internal Combustion Engine (ICE) vehicles configured for CNG/Petrol or CNG/Diesel operations and luxury vehicles valued at 100,000 dollars and above.

“Others are CNG vehicles converted overseas without factory-fitted CNG capability, semi-trailers and flatbeds that are not self-driven or operated under their own mechanical drive, and spare parts of all kinds,” he said.

The NCS spokesperson said that the implementation of the fiscal incentives aimed to support the federal government’s broader objectives of reducing transportation and energy costs.

According to him, it also aims to encourage investment in clean energy infrastructure, expand the adoption of alternative fuel technologies and strengthen Nigeria’s energy security and environmental sustainability agenda.

“The service, under the leadership of the Comptroller-General of Customs, Bashir Adeniyi, and his management team, remains committed to the effective and transparent implementation of these incentives. NCS urges all stakeholders, importers, licensed customs agents, and other operators within the trade ecosystem to ensure strict compliance with the applicable guidelines and regulatory requirements,” he said. 

(NAN)