CPPE Urges Targeted Tariff Reforms to Boost Local Refining, Mobility and Green Energy

The Centre for the Promotion of Private Enterprise has called for strategic tariff adjustments to support domestic refining, improve transportation and expand renewable energy access across Nigeria. Reacting to the proposed 2026 fiscal measures, CPPE CEO Dr Muda Yusuf proposes higher levies on finished imports, lower duties on industrial inputs, green taxes on vehicles and selective import restrictions. He highlights potential gains for agro-processing, light manufacturing, packaging and metals, while warning of margin pressures for import-dependent businesses. To further stimulate investment, the CPPE recommends reducing tariffs on used vehicles under 2000cc to a maximum of 25%, cutting duties on semi-knocked down and completely knocked down automotive parts, and offering VAT waivers for mass transit buses. It also urges duty cuts on renewable energy equipment to five per cent to make batteries and inverters more affordable and reliable.

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