Import duty waivers on CNG, medical equipment, others rise to N34trn- Customs CG

Over a 25-year span from March 2000 to December 2025, the Nigeria Customs Service has waived import duties totaling a staggering N34 trillion on various goods, including compressed natural gas (CNG) and medical equipment. This move underscores the government's efforts to stimulate economic growth by reducing the cost of essential imports. The significant sum waived highlights the scale of fiscal relief provided, potentially impacting sectors like energy and healthcare. This extensive waiver program could have long-term implications for economic strategy and resource allocation in Nigeria.