Figures cited by **Channels TV** show that the Federal Government has officially rolled out its 2026 fiscal policy measures, which include a new “Green Tax” surcharge on high-emission industries. The policy is designed to boost non-oil revenue while aligning Nigeria with global carbon reduction goals. In addition to the environmental tax, the government has introduced revised excise duties on beverages and tobacco products, sparking concern among manufacturers about the cost of production.
Economic experts have highlighted that while the reforms are necessary for revenue generation, they could lead to a spike in the retail prices of consumer goods. Business leaders have urged the government to ensure that the revenue generated from these taxes is transparently reinvested into infrastructure and green energy projects.
**Leadership** reported that “manufacturers are bracing for higher costs,” while **Tribune** noted that the “fiscal policy aims to align with regional trade agreements.” Expert George Onafowokan remarked, “This policy will reshape the business landscape for years to come.”
**Echotitbits take:** The “Green Tax” is a clear sign that the government is looking for creative ways to tax the corporate sector. While good for the environment, it may deter new industrial investment if the tax burden becomes too heavy compared to neighboring countries.
Source: Reuters – https://www.reuters.com/world/africa/nigerias-2026-fiscal-plan-targets-big-engine-cars-with-new-green-tax-2026-04-16/, April 28, 2026
Photo credit: Reuters
