Nigeria Customs generates N7.281tn revenue in 2025

The Nigeria Customs Service has achieved a significant revenue milestone, generating N7.281 trillion in 2025, exceeding its approved annual target of N6.5 trillion by N697 billion. This represents a 10% positive variance above expectations and a 19% year-on-year increase compared to the N6.1 trillion collected in 2024.

Comptroller-General of Customs, Bashir Adeniyi, disclosed this information during the 2026 World Customs Day celebration in Abuja. He attributed the revenue growth to the impact of reforms, technology deployment, and enhanced stakeholder engagement. According to Adeniyi, the revenue figure demonstrates the effectiveness of the agency’s reform agenda, which has yielded tangible outcomes without stifling legitimate trade.

The Nigeria Customs Service has made significant improvements in its revenue collection, with a growth of over 10% above the target. The service recorded a total revenue of N7.281 trillion, exceeding the target of N6.584 trillion. This increase is attributed to structural and operational changes rather than aggressive enforcement. When compared to 2024 collections, total revenue rose from N6.1 trillion to N7.28 trillion, an increase of approximately N1.18 trillion, or about 19% year-on-year.

Adeniyi emphasized that the improved revenue was achieved through improved compliance, better data use, digital tools, and disciplined enforcement. The agency has balanced revenue generation with its trade facilitation mandate, particularly under regional and global trade agreements. The Nigeria Customs Service is a major non-oil revenue-generating agency of the Federal Government, responsible for trade facilitation, revenue collection, border security, and suppression of smuggling.

The achievement is significant, as it demonstrates the agency’s commitment to reform and its impact on revenue generation. The Comptroller-General stressed that the figures were presented as proof that the agency’s reform agenda is delivering concrete results, rather than as a means of self-praise. The Nigeria Customs Service will likely continue to focus on reform and improvement, aiming to build on this success and maintain its role as a key revenue-generating agency for the Federal Government.

Leave a Comment

Your email address will not be published. Required fields are marked *

Recent News

At least 11 dead in South Africa in latest crash involving a minibus taxi

error code: 524

Willie Walsh, Director General of the International Air Transport Association (IATA), speaks during a press conference at the IATA annual general meeting and World Air Transport Summit (WATS) in New Delhi on June 2, 2025. (Photo by Money SHARMA / AFP)

Sustainable aviation fuel targets not achievable says IATA chief

Gov Yusuf's planned defection to APC: Fresh concern over Kano emirship tussle

Kano Rail Project Gets N1 Trillion Approval

APC, PDP exchange accusations over arrest of influencer in Zamfara

Zamfara APC, PDP Clash Over Arrest of Social Media Influencer

Scroll to Top