Senate Approves N11.074tn Customs Revenue for 2026

On [date not specified], the Nigerian Senate approved a revenue target of N11.074 trillion for the Nigeria Customs Service (NCS) for the fiscal year 2026, with a proposed expenditure of N1.235 trillion. The Senate committee on customs, chaired by Isah Jibrin, expressed confidence in the NCS's ability to consolidate ongoing reforms that have improved revenue performance despite global economic uncertainties.

The approval followed the presentation of the 2026 budget proposal by the Comptroller General of Customs, Bashir Adewale Adeniyi. The committee commended President Bola Tinubu for extending Adeniyi's tenure, which they believe will enable the continuation of positive reforms.

The NCS's revenue target includes N5.542 trillion from federal accounts, N1.491 trillion from non-federal revenue, and N2.773 trillion from import VAT. The customs service generated N7.277 trillion in 2025, exceeding its target by N674.1 billion, despite challenges such as government policy interventions and global economic disruptions.