The Nigeria Customs Service (NCS) has announced a total revenue generation of N7.28 trillion for the 2025 fiscal year, exceeding its annual target by N697 billion. The Comptroller-General of Customs, Bashir Adeniyi, disclosed this on Wednesday in Abuja during the International Customs Day celebration and the official launch of the Time Release Study (TRS).
Adeniyi said the Service surpassed its 2025 revenue benchmark of N6.58 trillion by over 10 percent, attributing the performance to improved compliance, deployment of digital tools, enhanced data utilisation and disciplined enforcement. He noted that the achievement was recorded without placing additional burdens on legitimate traders.
According to him, Customs revenue also grew significantly compared to 2024, when the Service generated N6.1 trillion. The increase of N1.18 trillion represents a 19 percent year-on-year growth.
Beyond revenue generation, the Comptroller-General revealed that the NCS carried out over 2,500 seizures in 2025, with a total value exceeding N59 billion. The seizures included narcotics, counterfeit pharmaceuticals, wildlife products, arms and ammunition, petroleum products, vehicles and substandard consumer goods.
He said the enforcement actions aligned with the theme of the International Customs Day, “Customs Protecting Society Through Vigilance and Commitment,” stressing that officers successfully disrupted criminal supply chains before they could impact communities.
At the Apapa Port, Customs uncovered 16 containers of prohibited items valued at more than N10 billion, including narcotics, expired drugs and concealed firearms. Airport operations led to the interception of over 1,600 exotic birds trafficked without permits, while land border patrols resulted in seizures of illicit drugs, fake medicines and ammunition.
Adeniyi expressed optimism that the launch of the Time Release Study would help reduce Nigeria’s estimated N2 trillion revenue losses caused by clearance delays. He described the initiative as a step toward data-driven trade reforms, addressing challenges such as manual documentation, fragmented scheduling and weak inter-agency coordination.
Minister of State for Finance, Dr. Doris Uzoka-Anite, said the TRS would enhance Nigeria’s business environment and competitiveness under the African Continental Free Trade Area, while the World Customs Organization pledged continued support for the reforms.
Leave a comment