Customs Unveils New Strategy to Raise ₦400bn from Excise Duties in 2026

The Nigeria Customs Service has rolled out a fresh plan aimed at significantly increasing revenue from excise duties, setting a projection of ₦400 billion for the 2026 fiscal year.

Under the new approach, the agency is focusing on expanding its excise coverage while improving coordination with manufacturers and other key players in regulated industries. The move is designed to capture previously untapped revenue streams and strengthen overall compliance.

Authorities revealed that the initiative will include the deployment of modern tracking systems, improved data management, and regular inspections of production facilities. These measures are expected to enhance monitoring and ensure that all applicable duties are accurately assessed and remitted.

The service also emphasized its commitment to supporting legitimate businesses by creating a more predictable and structured excise framework, while taking firm action against defaulters.

This renewed focus on excise revenue comes as part of wider efforts by the government to reduce reliance on oil earnings and improve non-oil revenue generation across critical sectors of the economy.