The Nigeria Customs Service has reported a revenue collection of N5.7 trillion as of November 12, 2024.
This announcement was made by the Comptroller-General of Customs, Adewale Adeniyi, on Wednesday during the ongoing 2024 Comptroller-General of Customs Conference in Abuja.
He highlighted that the revenue surpassed the established target for the year by 10 percent.
The theme of the conference is “Nigeria Customs Service: Engaging Traditional and New Partners with Purpose.’’
‘’Today, I stand before you to demonstrate how our commitments in 2023 have evolved into tangible achievements.
“The pledge was comprehensive and ambitious- modernizing our processes through a one-stop solution for cargo alerts, revolutionising our ICT infrastructure, streamlining inspection procedures, and embracing automation for enhanced efficiency.
“We committed to re-aligning our free trade operations, elevating cargo integrity standards, and expanding our scanning capacities.
“Above all, we promised to usher in a new era of customs operations. One built on transparency, efficiency, and genuine collaborations with our partners.
“I am pleased to announce that as of yesterday, November 12, 2024, the Nigerian Customs Service has hit its 2024 revenue target of N5.07trn.
“A total of N5, 079, 455, 88, 194, 38tn as of Tuesday has been collected.
“This expected performance projected to exceed our target by 10 per cent validates a partnership-driven approach to revenue collection and trade facilitation.
Adeniyi expressed optimism about the service’s capacity to achieve more for the economy.
Discussing the service’s strides in trade facilitation, Adeniyi noted that six beneficiaries of the Authorised Economic Operators programme have been carefully selected.
He added that 21 requests have been processed under an advance ruling programme to foster quicker customs decision-making on import and export cargoes before they arrive at the ports.
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