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Nigeria Tariff Rate

Nigeria's tariff rate fell to 11.9% in 2022, down from 12.7% in 2021, according to World Bank. This represents a decrease of 0.8% from the previous year. Nigeria has tariff rate higher than the global median (11.90% vs median 5.90%). Compared with the median in Africa, Nigeria is lower (11.90% vs regional median 12.49%) and ranks 27th out of 49 countries in Africa.

Yearly Historical Data (1988-2022)

(in %)
Year Tariff Rate (%)
2022 11.9%
2021 12.7%
2020 12.75%
2016 11.48%
2015 11.27%
2014 11.76%
2013 11.35%
2011 11.16%
2010 11.06%
2009 9.94%
2008 10.82%
2006 10.59%
2005 10.55%
2003 24.61%
2002 25.17%
2001 24.23%
2000 24.69%
1999 24.64%
1998 23%
1997 23%
1996 22.95%
1995 87.19%
1992 28.13%
1990 28.02%
1989 27.83%
1988 25.93%
Nigeria Tariff Rate : Definition
Tariff Rate measures the simple average of the import taxes applied by Nigeria on all products, expressed as a percentage.
Indicator Last Value Prior Value Period
Annual Exports $52.36B $65.13B 2024
Annual Imports $40.97B $65.05B 2024
Balance of Trade NGN 3.4T NGN 2.4T Jun'25
Exports NGN 7.5T NGN 8.1T Jun'25
FDI Inflows (% GDP) 0.58% 0.51% 2024
Imports NGN 4.1T NGN 5.6T Jun'25
Net Trade (Goods & Services, BoP) -$194.39M -$5.16B 2024