Customs Hits N5.79trn Revenue Target For 2024

The Nigeria Customs Service has announced a record N5.79 trillion revenue generation in less than 11 months of 2024 to surpass the N5. 079 trillion revenue target that was set for the agency at the beginning of the year.

The Comptroller General of Customs, Adewale Adeniyi made the disclosure on Wednesday at the 2024 CGCs Conference themed: “Nigeria Customs Service: Engaging Traditional and New Partners with Purpose,” holding in Abuja.

“I am pleased to announce that yesterday 12 November 2024, at exactly 13:10 hrs, the Nigeria Customs Service hit its 2024 revenue target of NGN 5.07 trillion, collecting NGN 5,079,455,088,194.38 with more than a month remaining in the fiscal year,” the CGC said.

Adeniyi said the exceptional performance, projected to exceed its target by 10 per cent, validates the agency’s partnership-driven approach to revenue collection and trade facilitation.

“The achievement is not merely about numbers; it demonstrates how enhanced stakeholder collaboration, improved processes, and modernized systems can deliver tangible results for our nation’s economy,” the Customs’ boss said.

He said the Service has achieved unprecedented success in protecting both the citizens and economy through its intervention with new seizures valued at NGN 28.1 billion in 2024 alone.

According to Adeniyi, the seizures span critical areas of national concern, from wildlife items to arms and ammunition as well as narcotics and pharmaceutical products.

Representatives of both arms of the National Assembly applauded the high performance of the NCS, pledging increased support to exceed current achievement in the coming year.