Nigerian Customs Service Exceeds 2025 Revenue Target

The Nigerian Customs Service, under the leadership of Comptroller General Bashir Adekola Adeniyi, reported a revenue generation of N7.277 trillion for the year 2025, exceeding its target of N6.584 trillion by 10.24%. This achievement was disclosed during a presentation to the House Committee on Customs and Excise regarding the proposed N11.274 trillion budget for 2026.

Adeniyi attributed the strong revenue performance to improved operational efficiency despite significant government fiscal incentives that reduced customs earnings. The agency collected N7.277 trillion from January to December 2025, influenced by various government policies, including duty waivers and exemptions for healthcare products and electric vehicles.

The Customs Service received N808.86 billion, which represents 71.4% of its approved N1.132 trillion expenditure budget for 2025. Looking ahead, the agency projects a revenue target of N11.274 trillion for 2026, with plans for technological reforms and a reduction in import levies on vehicles.