ABUJA: The Nigeria Customs Service (NCS) has announced a significant revenue collection of N5.7 trillion as of November 12, 2024, surpassing its annual target by 10%. This achievement was disclosed by the Comptroller-General of Customs, Adewale Adeniyi, during his address at the ongoing 2024 Comptroller-General of Customs Conference in Abuja.
The theme of this year’s conference is “Nigeria Customs Service: Engaging Traditional and New Partners with Purpose.”
Adeniyi reflected on the progress made in aligning the service’s commitments with tangible results, emphasizing the modernization of customs processes, the adoption of a one-stop solution for cargo alerts, and significant advancements in ICT infrastructure. He highlighted that the service has also streamlined inspection procedures and embraced automation to improve operational efficiency.
We set out to improve transparency, enhance cargo integrity, and modernize free trade operations, Adeniyi stated. I am pleased to announce that as of yesterday, we have exceeded our revenue target, collecting a total of N5,079,455,88,194,38 trillion.
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The N5.7 trillion collected represents a 10% overachievement of the service’s 2024 revenue goal, validating the success of its partnership-driven approach to revenue collection and trade facilitation.
Adeniyi also discussed the service’s focus on improving trade facilitation, revealing that six beneficiaries have been selected for the Authorised Economic Operators (AEO) programme, designed to enhance cooperation with trusted trade partners. Additionally, 21 requests have been processed under the advance ruling programme, which aims to expedite customs decisions on import and export cargoes before they arrive at ports.
Looking ahead, Adeniyi expressed confidence that the Nigeria Customs Service will continue to make strides in supporting the national economy while fostering stronger partnerships in global trade.
