Nigeria: Government Policy & Public Finance

The Federal Government of Nigeria has introduced sweeping changes to the country's import tariff structure and excise regime through the 2026 Fiscal Policy Measures, effective from April and July 2026. These reforms, implemented under Nigeria's commitments to the ECOWAS Common External Tariff and the African Continental Free Trade Area, include a revised schedule of 127 tariff lines affecting food products, industrial inputs, and capital equipment, alongside new excise duties and green tax surcharges design

The National Space Research and Development Agency Act appears intended to encourage private participation in satellite launches and related commercial space activities.

Nigeria has enacted a new Public Finance Management Act (PFMA) in 2024. This legislation is a comprehensive framework designed to regulate the management of public funds, revenues, expenditures, assets, and liabilities at the federal level.

President Muhammadu Buhari on 5 April 2017, formally launched the National Economic Recovery and Growth Plan (ERGP) for Nigeria.

Budget and Planning Minister- Udo Udoma; Nigeria Debt Management Office.

Get the highlights of the recently signed Budget (2016 Appropriation Act) of the Federal Government of Nigeria and the Medium Term Expenditure Framework (MTEF).