Customs generates N3.2trillion revenue in 2023

The Nigeria Customs Service (NCS) achieved a significant milestone in the fiscal year 2023, exceeding expectations by reporting a total revenue collection of N3.2 trillion.

Comptroller-General of Customs Service, Bashir Adeniyi, disclosed this achievement at the Customs Corporate Headquarters in Abuja.

He emphasised that this impressive figure reflects a noteworthy 21.4% increase compared to the previous year’s revenue of N2,641,616,673,501.83, underscoring the Service’s consistent upward trajectory.

Despite operational challenges such as lower transaction volumes, compliance issues, and socio-political factors, Adeniyi highlighted the NCS’s resilience in adapting to dynamic economic conditions.

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“Delays in policy implementation and major changes in government direction, including the removal of fuel subsidy and border closures, added complexity to the operational landscape,” he said.