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Nigeria Senate Approves Targets

Nigeria ๐Ÿ‡ณ๐Ÿ‡ฌ Economy & Trade

10 articles from 1 country

The Nigerian Senate Committee on Customs and Excise has approved an N11.074 trillion revenue target for 2026, while also endorsing a bill to establish state police with 84 senators in favor. The Senate is set to address a controversy over a N1.3 billion allocation to a presidential council in the 2026 budget, as reported by Nigerian outlets.

๐Ÿ‡ณ๐Ÿ‡ฌ Nigeria/English

Senate Approves Customs' 2026 Budget, Backs N11 Trillion Revenue Target

- The Nigerian Senate approved the Nigeria Customs Service's 2026 budget, setting a revenue target of N11.074 trillion. - The agency exceeded its 2025 revenue target, generating N7.2 trillion against a goal of N6.5 trillion. - The 2026 budget includes N1.295 trillion for expenditure, with revenue driven by technology and improved recovery mechanisms.