Starting July 1, 2026, the Nigerian government will roll out a new “green tax” surcharge targeting vehicles with high-capacity engines (2,000cc and above).
- Tax Rate: A 2%–4% levy will be applied to high-emission vehicles.
- Exemptions: Smaller vehicles, mass transit buses, and electric vehicles will not be affected.
- Policy Goal: The measure is part of the 2026 fiscal policy framework, designed to encourage cleaner energy adoption and reduce carbon emissions.
- Impact: Analysts expect the tax to influence consumer choices, potentially accelerating Nigeria’s transition toward sustainable transport.
This marks a significant step in aligning Nigeria’s fiscal policies with global climate action initiatives.