In 2023, Nigeria Customs Raked in N3.2trn as Revenue – CGC Adeniyi

In 2023, Nigeria Customs Raked in N3.2trn as Revenue – CGC Adeniyi

The Nigeria Customs Service, NCS, generated N3,206,603,417,315.47 as revenue last year.

According to the Comptroller General of Customs, Bashir Adewale Adeniyi, this represents a 21.4 percent increase from the preceding year’s total revenue of N2,641,616,673,501.83.

“Last year’s collection is less than the N3.684 trillion revenue target set for the service,” he said yesterday at a media briefing in Abuja.

Adeniyi noted that the consecutive expansion in revenue underscores the service’s sustained efforts in optimising revenue collection for the federal government and “exemplifies our ability to adapt to dynamic economic conditions.”

Adeniyi who was appointed in July of 2023 said the service recorded a significant shift in the second half of the year to exceed monthly revenue targets by 6.71 percent for the first time in 2023.

Monthly revenue collection for the latter half of the year averaged N332.9 billion, he said.

He said the NCS is set to inaugurate an electronic auction (e-auction) platform, in the upcoming week, strategically designed to enhance transparency in the auction process, saying that the actions signify NCS’s dedication to enhancing staff welfare and sustaining optimal performance.

The Customs CG said 3,806 seizures were made in 2023 with a duty paid value totalling N16, 049,023,262.

The confiscations encompassed a diverse array of contraband, including arms and ammunition, artefacts and antiquities, illicit drugs, expired food produce, and endangered species of flora and fauna.

“The NCS achieved 52 convictions, with 11 specifically linked to the illicit trade in Animal/Wildlife,” he said.

He said the NCS has identified 21 relevant areas outlined in the policy advisory document of President Bola Tinubu’s eight priority areas which he said will continue to shape NCS’s operations throughout 2024, aligning with the broader policy goals of the government.

The priority areas include food security, poverty eradication, growth, job creation, access to capital, inclusion, rule of law, and fighting corruption.

By PRNigeria