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Home Economy Customs Facilitates ₦60.29trn Imports, ₦136.65trn Exports, Grants ₦1.68trn Concessions
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Customs Facilitates ₦60.29trn Imports, ₦136.65trn Exports, Grants ₦1.68trn Concessions

By
Prnigeria
-
January 27, 2025
Bashir Adewale Adeniyi MFR
CGC Bashir Adewale Adeniyi

Customs Facilitates ₦60.29trn Imports, ₦136.65trn Exports, Grants ₦1.68trn Concessions

The Nigeria Customs Service (NCS) has reported significant progress in trade facilitation and revenue collection for 2024, managing imports valued at ₦60.29 trillion and exports worth ₦136.65 trillion.

This was disclosed by the Comptroller General of Customs, Bashir Adewale Adeniyi, during the 2025 International Customs Day event held at the NCS Corporate Headquarters in Abuja.

Adeniyi outlined the Service’s strategic efforts to balance trade facilitation with security measures, emphasizing its role in supporting economic growth.

He revealed that the NCS achieved ₦6.1 trillion in revenue collection, surpassing its target by 20.2% and reflecting a 90.4% year-over-year increase.

“Our commitment to operational efficiency is reflected in initiatives like the Advanced Ruling System and the Authorized Economic Operator (AEO) program,” Adeniyi said.

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The AEO program has reduced cargo clearance time by 66.9%, with certified companies now enjoying an average release time of 43 hours, contributing to smoother trade operations.

The introduction of the indigenous customs clearance platform, ‘B’Odogwu,’ has further enhanced efficiency. Adeniyi noted that the platform, currently in its pilot phase, has facilitated transactions worth billions of naira, underscoring the Service’s adoption of technology to improve service delivery.

In addition to revenue generation, the NCS granted ₦1.68 trillion in concessions across various sectors to encourage industrial development and economic growth.

Adeniyi also highlighted the NCS’s commitment to border security, aligning with the 2025 International Customs Day theme, “Customs Delivering on its Commitment to Efficiency, Security, and Prosperity.”

Looking ahead, Adeniyi announced plans for trade modernization projects, expanded implementation of the AEO program, advanced risk management systems, and the establishment of the Nigeria Customs Service University for Trade and Technology.

He commended the dedication of NCS personnel and called for continued collaboration with stakeholders and the global customs community to drive efficiency and innovation in customs administration.

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PHOTOS: BUK Alumni Association Launches Digital Hub to Unite Global Graduates, Drive University DevelopmentAgain, ​IPRA Shortlists Nigeria Customs, IMPR for Golden World Awards, Celebrates 70th Anniversary in AfricaArmy Neutralize Notorious Bandit Leader, Others, Rescue Victims, Recover Weapons in KogiNigeria’s Deadly Roads and the Menace of Trailer Accidents, By Mukhtar Ya'u MadobiArmy Neutralise Scores of Bandits as 8 Security Guards Killed in KatsinaTroops Neutralise Gunrunner, Armed Militia, Recover Weapons in PlateauTroops Neutralise Militia After Failed Attempt to Disarm Soldier in PlateauNAF, Ground Troops Neutralise 30 Terrorists in Joint Operation at Dar JamelJUST IN: NNPP Expels Reps Member Abdulmumin Jibrin Days After Visiting TinubuKano Police Arrest 9 for Setting Patrol Van Ablaze, Probe Murder CaseMilitary Arrest Suspected Kidnapper in Niger, Foil Terrorist Attacks in SokotoTroops Launch Offensive Against Terrorists in Zamfara, Arrest Collaborators in SokotoAudi mourns as NSCDC loses 8 operatives after rescue operation in EdoGanduje: A Lifetime of Service Beyond Politics By Garba Yusuf AbubakarDCP Olumuyiwa Adejobi: The Spokesperson Who Redefined Police Communication
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