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๐Ÿ‡ณ๐Ÿ‡ฌ Nigeria /Economy & Trade

LFTZ Customs records N408.8bn revenue in six months

From The Punch · () English

Summarized and contextualized by DistantNews.

At a glance

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  • The Lagos Free Trade Zone Command of the Nigeria Customs Service generated N408.8 billion in revenue between January and June 2026.
  • This figure represents a significant increase of N91.54 billion, or 28.85%, compared to the same period in 2025.
  • The command attributes this growth to strategic compliance measures, operational efficiency, and stakeholder engagement.

The Nigeria Customs Service, Lagos Free Trade Zone (LFTZ) Command, has reported a substantial revenue collection of N408.8 billion for the first half of 2026, spanning from January to June. This achievement marks a notable increase of N91.54 billion, or 28.85%, compared to the N317.3 billion collected during the corresponding period in 2025.

Between January and June 2026, the command generated a total revenue of N408.8bn. This represents an increase of N91.54bn when compared to the N317.3bn collected during the corresponding period in 2025, amounting to an impressive 28.85 per cent increase in revenue performance.

โ€” Hauwa AbubakarCustoms Area Controller of the LFTZ Command, detailing the revenue performance.

Hauwa Abubakar, the Customs Area Controller for the command, announced the figures during a media briefing, attributing the "unprecedented growth" to deliberate strategies. These include strengthening compliance, enhancing operational efficiency, and fostering constructive engagement with stakeholders operating within the Free Trade Zones and Lekki Port.

Abubakar highlighted that sustained stakeholder engagement programs have been crucial in building mutual trust and encouraging voluntary compliance with customs laws. "Through continuous dialogue, education, and collaboration, we have created an environment where legitimate trade can flourish while ensuring that government revenue is adequately protected," she stated. The professionalism and dedication of the command's officers and men were also cited as significant contributors to these outstanding results.

The unprecedented growth is not accidental, adding that it is the product of deliberate strategies aimed at strengthening compliance, improving operational efficiency, and fostering constructive engagement with all stakeholders operating within the Free Trade Zones and Lekki Port.

โ€” Hauwa AbubakarCustoms Area Controller of the LFTZ Command, explaining the reasons behind the revenue increase.

The command recorded its highest monthly revenue collection in June 2026, generating N87.10 billion. Abubakar commended the Comptroller-General of Customs, Adewale Adeniyi, for his leadership and expressed gratitude for the support from sister security and regulatory agencies, as well as cooperation from stakeholders including investors, customs agents, importers, and exporters.

Through continuous dialogue, education, and collaboration, we have created an environment where legitimate trade can flourish while ensuring that government revenue is adequately protected.

โ€” Hauwa AbubakarCustoms Area Controller of the LFTZ Command, on the importance of stakeholder engagement.
DistantNews Editorial

Originally published by The Punch. Summarized and contextualized by our editorial team with added local perspective. Read our editorial standards.