Senate Approves N11.074tn Customs Revenue Target for 2026

Nigeria's Senate Committee on Customs and Excise has approved a substantial revenue target of N11.074 trillion and an expenditure proposal of N1.235 trillion for the Nigeria Customs Service (NCS) for the 2026 fiscal year. The panel expressed confidence in the agency's ability to sustain its impressive revenue performance, despite prevailing global economic uncertainties.

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I want to appreciate the President of the Federal Republic of Nigeria for the recent extension of service granted to the Comptroller-General of Customs.

The approval followed a budget defense by the Comptroller-General of Customs, Mr. Bashir Adewale Adeniyi. The committee chairman, Senator Isah Jibrin, commended the Customs management for introducing significant reforms in revenue generation, anti-smuggling operations, and trade facilitation. He also lauded President Bola Tinubu for extending the Comptroller-General's tenure, believing it would allow for the consolidation of reforms that are already showing positive results.

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Since assuming office, he has introduced various reforms which today have manifested in improved revenue generation, improved anti-smuggling operations and enhanced trade facilitation.

Senator Jibrin emphasized the critical role of the Customs Service as a major revenue driver for the Federal Government's ambitious infrastructure programs. He urged the Comptroller-General and his team to intensify efforts in 2026 to meet the ambitious revenue target.

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Customs remains one of the major drivers of revenue generation in this country. I therefore urge the Comptroller-General and his management team to work even harder in 2026 to actualise the ambitious revenue target before the Service.

Reviewing the 2025 performance, the Comptroller-General reported that the NCS generated N7.277 trillion, surpassing the N6.584 trillion approved target by N674.1 billion. However, he noted that global economic uncertainties, including the Middle East crisis, could impact the 2026 revenue outlook, despite the agency's commitment to reforms.

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We really appreciate you and we do not take this for granted. We have always relied on the support and guidance of this distinguished committee, and we believe our relationship will continue to be guided by those principles.