FG Begins Review of Tariff Policies to Stimulate Local Production
The Federal Government has begun a strategic review of Nigeria’s tariff policies aimed at boosting local production, protecting domestic industries, and reducing the cost of doing business.
The move followed a high-level meeting involving the Tariff Review Board and the Minister of State for Finance, Dr. Doris Uzoka-Anite, where existing tariff structures were assessed against rising production costs and foreign exchange pressures. Discussions focused on aligning tariff regimes with the government’s industrialisation agenda, supporting local manufacturers, and striking a balance between facilitating essential imports and strengthening local value chains.
Uzoka-Anite said the review is part of broader efforts to drive industrial growth and improve economic competitiveness. She noted that the government intends to reposition tariffs as instruments for economic development rather than obstacles to productivity.
According to a statement after the meeting, the government is working toward a more responsive and evidence-based tariff framework that addresses bottlenecks faced by manufacturers, particularly those reliant on imported raw materials and intermediate goods. Options for fiscal relief to cushion high input costs, preserve jobs, and boost output were also discussed.
The government believes the reforms will help unlock industrial capacity, attract investment, and deepen local value addition in a volatile global trade environment.
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