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FG suspends new levy on imported vehicles, others
FG suspends new levy on imported vehicles, others
The Federal Government has suspended the new levy imposed on certain imported vehicles.
The Import Adjustment Tax (IAT), which was approved by former President Muhammadu Buhari took effect on June 1, 2023.
Special Adviser to the President on Special Duties, Communication and Strategy, Dele Alake, announced the suspension of the levy on Thursday while speaking with at the presidential villa, Abuja.
Imported vehicles with two litres to 3.9 litres engines were required to pay an IAT equivalent to two per cent of the value of the vehicle while vehicles with four litres engines and above attracted IAT of four percent of their value.
However, vehicles with engines below two litres, mass transit buses, electric vehicles, and locally manufactured vehicles were exempted from the IAT.
In addition to the IAT, the Federal Government also introduced a green tax made up of excise duty on single-use plastics (SUPs), including plastic containers, films and bags, at a rate of 10 per cent.
The green tax has similarly been suspended.
“Further to his commitment to creating a business-friendly environment, the President has ordered the suspension of the newly introduced Green Tax by way of Excise Tax on Single Use Plastics, including plastic containers and bottles. In addition, the President has ordered the suspension of Import Tax Adjustment levy on certain vehicles,” Alake said.
“As a listening leader, the President issued these orders to ameliorate the negative impacts of the tax adjustments on businesses and chokehold on households across affected sectors. His Excellency will not exacerbate the plight of Nigerians.
“In closing, the President wishes to reiterate his commitment to reviewing complaints about multiple taxation, local and anti-business inhibitions.
“Federal government sees business owners, local and foreign investors as critical engines in its focus on achieving higher GDP growth and appreciable reduction in unemployment rate through job creation.”
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FG Courts China Logistics Deal to Power $1tn Economy Drive
FG Courts China Logistics Deal to Power $1tn Economy Drive

The Federal Government has intensified efforts to deepen its transport and logistics partnership with China, declaring that an efficient logistics system will be central to Nigeria’s ambition of building a US$1 trillion economy by 2030.
Speaking virtually at the 2026 Ningbo–Africa Trade and Logistics Cooperation Forum in Ningbo, Zhejiang Province, China, the Technical Adviser to the Vice President on Transportation, Logistics and Innovation, Dr. Segun Obayendo, said the Tinubu administration was implementing strategic reforms and partnerships to modernise transport infrastructure, improve supply chain efficiency and position Nigeria as West Africa’s logistics and distribution hub.
Obayendo said the Renewed Hope Agenda places infrastructure development, trade facilitation, investment promotion and economic competitiveness at the heart of the administration’s economic agenda, stressing that these goals cannot be achieved without a modern and integrated transport system.
“Nigeria’s aspiration to build a one-trillion-dollar economy will depend not only on what we produce but also on how efficiently we move people, goods and services,” he said.
“Modern transport infrastructure, resilient supply chains and efficient logistics systems are fundamental to attracting investment, expanding trade and driving sustainable economic growth.”
He noted that Nigeria’s strategic location, vast natural resources, expanding consumer market and access to the African Continental Free Trade Area (AfCFTA) provide a strong platform for regional economic leadership.
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0However, he said unlocking these opportunities would require sustained investment in multimodal transport infrastructure, seaports, rail networks, highways, inland dry ports, digital logistics platforms and integrated supply chains.
Obayendo described China’s zero-tariff policy for exports from African countries as a major opportunity for Nigeria to boost exports, strengthen local manufacturing, attract fresh investments and integrate more effectively into global value chains.
According to him, stronger Nigeria–China relations should extend beyond trade to include technology transfer, industrial development, infrastructure investment, innovation and skills development capable of generating sustainable jobs for millions of Nigerians.
He stressed that integrated logistics corridors connecting seaports, inland dry ports, rail lines, highways and warehousing facilities remain critical to reducing the cost of doing business, improving export competitiveness and maximising opportunities under AfCFTA.
The presidential aide commended the organisers of the forum—the Pan-African Institute for Supply Chain Innovation (PAISCI), the Ningbo China Institute for Supply Chain Innovation (NISCI) and China-base Group—for creating a platform that translates policy discussions into practical economic partnerships.
He also welcomed the proposed cooperation agreement on port development and logistics infrastructure between GK&A Logistics Services Limited and China-base Ningbo Foreign Trade Co. Ltd., describing it as a significant milestone in strengthening Nigeria’s logistics capacity and bilateral economic ties.
“Transport and logistics are no longer merely support services; they are strategic economic assets. Countries that invest in efficient logistics systems become more competitive, attract greater investment, create quality jobs and unlock new opportunities for sustainable development,” Obayendo said.
He reaffirmed the Federal Government’s commitment to policies and partnerships that promote efficient transportation, logistics innovation, trade facilitation and sustainable industrial development.
Obayendo expressed confidence that agreements reached at the Ningbo forum would deepen Nigeria–China economic cooperation, stimulate private sector investment and enhance Nigeria’s competitiveness in global trade, while urging governments, development partners, financial institutions and the private sector to sustain collaboration in implementing the resolutions.
FG Courts China Logistics Deal to Power $1tn Economy Drive
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Nigeria Takes Centre Stage at UN Road Safety Summit as Tinubu Delegates FRSC Corps Marshal
Nigeria Takes Centre Stage at UN Road Safety Summit as Tinubu Delegates FRSC Corps Marshal
President Bola Ahmed Tinubu has reinforced Nigeria’s commitment to the global campaign against road traffic fatalities by appointing the Corps Marshal of the Federal Road Safety Corps (FRSC), Shehu Mohammed, to lead the country’s delegation to the United Nations High-Level Meeting on Improving Global Road Safety in New York, United States.
The high-level gathering at the United Nations General Assembly Headquarters has brought together Heads of State, ministers, global policymakers and road safety experts to review progress and accelerate efforts towards achieving the UN target of reducing road traffic deaths and serious injuries by 50 per cent before 2030 under the Decade of Action for Road Safety.
Representing President Tinubu at the plenary session, Shehu Mohammed delivered Nigeria’s national statement on the meeting’s theme, “Scaling Up and Accelerating Implementation of Commitments to Halving Road Traffic Deaths and Injuries by 2030.”
He reaffirmed the Federal Government’s determination to strengthen road safety governance through sustained political commitment, strategic investments, innovation and stronger international partnerships in line with the administration’s Renewed Hope Agenda.
The Corps Marshal highlighted the significant progress Nigeria has recorded in advancing road safety, noting that the Federal Government has strengthened the institutional capacity of the FRSC through strategic reforms, technology-driven enforcement systems, enhanced emergency response mechanisms and intensified public education campaigns aimed at reducing crashes and fatalities.
He also showcased Nigeria’s growing influence in road safety across Africa, citing the recent launch of the Nigeria Road Assessment Programme (NigeriaRAP) in partnership with the International Road Assessment Programme (iRAP).
According to him, the initiative adopts the globally recognised Safe System Approach to improve road infrastructure safety and reduce crash risks.
Mohammed further pointed to Nigeria’s role as host of the Secretariat of the African Association of Road Safety Lead Agencies (AARSLA), describing it as a strategic platform for promoting collaboration, knowledge sharing and institutional development among road safety agencies across the continent.
On sustainable transportation, the FRSC boss told delegates that Nigeria is aligning its mobility agenda with global environmental goals through the Presidential Initiative on Compressed Natural Gas (CNG) and Electric Vehicles (EVs), while developing comprehensive safety standards for heavy-duty vehicles and emerging transport technologies.
While acknowledging the progress already made, Mohammed stressed that achieving the 2030 target would require stronger international cooperation in areas such as intelligent enforcement technologies, road infrastructure safety assessments, institutional capacity development and technology transfer.
He therefore urged development partners and the international community to expand technical cooperation and support capacity-building programmes that would help countries accelerate the implementation of global road safety commitments.
Reaffirming Nigeria’s position, the Corps Marshal declared that road safety remains a national priority under President Tinubu’s administration, assuring the global community that the country would continue to collaborate with international partners to build safer roads, save more lives and contribute meaningfully to the attainment of the Sustainable Development Goals.
The UN High-Level Meeting, convened by the President of the United Nations General Assembly in collaboration with the World Health Organization (WHO), is expected to adopt a Progress Declaration that will shape global road safety actions towards meeting the 2030 target.
The meeting is also reviewing countries’ progress since the 2022 Political Declaration and the Fourth Global Ministerial Conference on Road Safety held in Marrakech, Morocco, in 2025.
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Jetour Nigeria Unveils RELY R8, Rugged Luxury Pickup Built to Dominate Work, Adventure
Jetour Nigeria Unveils RELY R8, Rugged Luxury Pickup Built to Dominate Work, Adventure
Jetour Nigeria has unveiled the RELY R8, a premium pickup truck designed to combine rugged performance with luxury, advanced technology and exceptional versatility, setting a new benchmark for work and recreational vehicles in Nigeria.
Engineered to thrive in the country’s demanding terrain, the RELY R8 is built for agriculture, construction, logistics, security escort operations and weekend adventures, offering the toughness of a workhorse without sacrificing the comfort and refinement of a modern SUV.
The pickup boasts high ground clearance, impressive approach and departure angles, and a reinforced chassis designed to withstand harsh road conditions while delivering excellent stability, even in strong crosswinds.
Its all-terrain capability is enhanced by multiple driving modes, allowing drivers to switch effortlessly between mud, sand and paved roads. Whether tackling heavy-duty tasks or venturing off the beaten path, the RELY R8 is built to perform with confidence.
Inside, the vehicle departs from the traditional utilitarian pickup design, featuring a spacious SUV-inspired cabin that comfortably accommodates five adults while offering a premium driving experience.
Speaking on the new model, Jetour Nigeria representative, Kemi Adeola, described the RELY R8 as a perfect blend of strength, innovation and comfort.
“The RELY R8 delivers strength, reliability and advanced technology in one vehicle. It offers the capability of a modern workhorse without compromising on premium comfort or safety,” she said.
The pickup is equipped with a high-performance processor that powers its L2+ intelligent driving assistance system. It also features a 12.3-inch HD touchscreen infotainment system with Apple CarPlay, Android Auto and remote engine start for enhanced convenience.
Safety is another major highlight of the RELY R8, with features including Intelligent Cruise Control, Lane Keeping Assist and Autonomous Emergency Braking, all designed to provide greater confidence and protection on every journey.
Jetour Nigeria has continued to strengthen its presence in the country’s automotive market, earning recognition as the Fastest Growing Auto Brand in Nigeria, while its Jetour Dashing SUV won the prestigious Car of the Year award. The company has served as the sole authorised distributor of Jetour vehicles in Nigeria since 2022.
The RELY R8 is backed by comprehensive manufacturer support, genuine spare parts and professional after-sales service through Jetour Nigeria’s network of authorised dealers, including Elizade Nigeria Limited, New Era Autovehicle Services Limited, Kojo Motors, Germaine Auto Centre, R.T. Briscoe Plc, TAB Autos Limited and Mandilas Motors.
Jetour Nigeria has invited prospective customers to visit any of its authorised dealerships nationwide to book a test drive and experience firsthand the RELY R8’s blend of rugged capability, cutting-edge technology and premium comfort.
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