FG Cuts Vehicle Tariffs to 5%, Raises Excise on Alcohol and Tobacco in Fiscal Policy Shake-Up
FG vehicle tariffs alcohol tobacco duties policy has shifted as the Federal Government reduces vehicle import tariffs to around 5% while increasing excise duties on alcoholic drinks and tobacco products. The adjustment, outlined in recent fiscal policy updates, signals a recalibration of revenue strategy, balancing consumer relief with targeted taxation amid Nigeria’s ongoing economic and fiscal reforms....