Business

FG bans import of 17 items in new fiscal policy push

The Federal Government has announced a ban on the importation of 17 categories of goods as part of its 2026 fiscal measures and tariff amendments, targeting increased local production and reduced dependence on foreign products.

 

The directive was contained in a circular dated April 1, 2026, and signed by the Minister of Finance, Wale Edun.

 

According to the document, the affected items—largely sourced from non-ECOWAS countries—are included in a revised import prohibition list, forming part of broader adjustments affecting 127 product lines.

 

Among the items banned are bagged cement, frozen poultry, sugar-sweetened beverages, soaps and detergents, as well as certain categories of pharmaceuticals and industrial materials.

 

Others listed include live or dead birds, pork and beef products, bird eggs (excluding those for breeding and research), refined and some crude vegetable oils, cocoa products, tomatoes in all forms, and fertilisers such as NPK.

 

Also affected are corrugated paper materials, large-capacity glass bottles, selected iron and steel products, and ballpoint pens with refills.

 

The government said the move is aimed at protecting local industries, conserving foreign exchange, and encouraging domestic manufacturing across key sectors of the economy.

Olayinka Babatunde

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