Customs surpasses 2025 revenue target, projects N11tn for 2026

The Nigeria Customs Service (NCS) has surpassed its 2025 revenue target, generating an impressive ₦7.277 trillion, exceeding the goal by ₦674 billion. Comptroller-General Bashir Adeniyi announced this achievement while presenting the agency's 2026 budget proposal to the Senate Committee on Customs.

Adeniyi noted that the NCS's initial 2025 projection was ₦6.584 trillion. He explained that revenue could have been even higher if excise duties on telecommunications and import duty waivers on Compressed Natural Gas (CNG) equipment had not been granted. Factors like the Russia-Ukraine war, which disrupted international trade, also impacted collections, as did the non-collection of import duties on military equipment.

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Our technology platform is now fully operational after overcoming initial implementation challenges. It has significantly improved automation across our commands and strengthened revenue collection and trade facilitation.

Looking ahead, the NCS has set a revenue target of ₦11.04 trillion for 2026. This projection includes substantial amounts for the Federation Account, non-Federation accounts, Import VAT, and Free-on-Board (FOB) collections. The agency expressed confidence in meeting this target, citing ongoing reforms such as the deployment of the Indigenous Unified Customs Information System (UCIS), improved post-clearance audits, and intelligence-driven anti-smuggling operations. Between January and June 2026, the NCS had already generated ₦4.043 trillion, with expectations of continued momentum due to easing geopolitical tensions and improving global trade conditions.

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We are hopeful that the de-escalation of the crisis will continue and that international trade activities will gradually return to normal. June recorded our highest monthly revenue so far in 2026, and we expect that momentum to continue.