By: Zacharia Jalloh, Ministry of Information and Civic Education
On November 27, 2025, the House of Parliament enacted the Finance Bill 2026, which aims to generate NLe 2.5 billion in domestic revenue. The Minister of Finance, Mr. Sheku Fantamadi Bangura, emphasized that the Bill will enhance tax enforcement and increase revenue mobilization. He described the Bill as “people-centered,” focusing on improving the well-being of citizens.
Addressing Parliament, Minister Bangura stated, “The 2026 Finance Bill endeavors to tackle the nation’s economic challenges by continuing efforts to reduce poverty and vulnerability. Upon approval, the Bill will enhance efficient tax collection, strengthen enforcement, and boost the country’s domestic revenue generation,” he assured.
A notable aspect of the 2026 Finance Bill is the proposed increase in import duties on locally manufactured commodities such as tomato paste, ketchup, bottled water, and Maggie cubes. The current import duty stands at 20%, and the 2026 Bill proposes raising it to 35% to protect local manufacturers. This measure represents a significant step toward improving the cost of living for citizens.
Over the years, concerns have been raised by citizens regarding the high cost of cooking gas, which has led to increased reliance on charcoal for cooking. To address this issue, the government of His Excellency President Dr. Julius Maada Bio has demonstrated commitment in the 2026 Finance Bill to implement a zero-rate for LPG gas and all related accessories, cooking stoves, solar panels, and other home system components. This initiative will provide substantial relief, ensuring accessibility and affordability, while promoting the universal use of renewable energy and clean cooking.
These measures reflect the government’s dedication to addressing the needs of citizens by facilitating access to local commodities at affordable prices. The proposal of a zero rate for LPG gas underscores the government’s overarching ambition to promote clean cooking and renewable energy.