The Federal Government has commenced a strategic review of the nation’s tariff policies to encourage local production, protect domestic industries, and reduce the cost of doing business, officials say.
The review was announced after a high‑level meeting with the Tariffs Review Board and the Minister of State for Finance, Dr Doris Uzoka‑Anite, on Monday, January 12, 2026.
Dr Uzoka‑Anite told journalists that existing tariff regimes were weighed against current economic pressures, including rising production costs and foreign exchange volatility, which have constrained local manufacturers’ competitiveness. She said the government’s goal is to reposition tariffs as effective tools for economic development rather than barriers to productivity.
“We are focused on creating a tariff regime that supports local manufacturers, strengthens value chains and promotes sustainable industrial expansion,” Uzoka‑Anite said in a statement issued after the meeting.
She emphasised that the initiative aligns with the Federal Government’s broader industrialisation agenda and commitment to data‑driven policymaking.
The discussions identified tariff‑related bottlenecks affecting manufacturers, particularly in sectors dependent on imported raw materials and intermediate goods. Participants examined options for adjusting tariffs to provide fiscal relief for domestic producers facing high input costs, with a view to boosting output, preserving jobs and enhancing competitiveness.
Experts say suboptimal tariff structures have historically constrained Nigeria’s ability to compete with imported goods, especially from economies with substantial industrial subsidies. Adjusting the tariff framework could help local industries harness economies of scale and deepen local value addition, analysts note.
The minister highlighted that tariffs must strike a balance between protecting domestic industries and meeting essential import needs to ensure market stability in a volatile global trade environment. She added that the review will be guided by empirical evidence on the impact of tariff adjustments on production costs, consumer prices and employment.
The initiative reflects ongoing efforts by the Federal Government to boost industrial growth and reduce dependency on imported goods. Similar policy discussions have taken place in other sectors, including the review of tariffs on imported petroleum products designed to protect local refineries and align import costs with domestic production realities.
Manufacturers and trade bodies have welcomed the review, urging swift policy clarity to help firms plan and invest. They argue that a responsive tariff regime could attract investment into local manufacturing, reduce supply disruptions and improve Nigeria’s trade balance.
However, stakeholders emphasise that tariff adjustments must be complemented by broader reforms, including investment in infrastructure, access to finance, and efficient customs administration, to create a conducive environment for local industry growth.
Analysts say these measures could significantly enhance Nigeria’s economic competitiveness and support job creation ahead of the 2027 general elections.
The review is expected to inform policy reforms that will be discussed further with relevant ministries, industry associations and international partners as part of Nigeria’s long‑term strategy to strengthen local production capacity and foster inclusive economic development.
