By using this site, you agree to the Privacy Policy and Terms of Use.
Accept
AIT LIVEAIT LIVEAIT LIVE
  • Live TV
  • Politics
  • National News
  • Business
  • Sports
  • Tech
  • Entertainment
  • Global
  • Videos
Font ResizerAa
Font ResizerAa
AIT LIVEAIT LIVE
Search AIT
  • Live TV
  • Politics
  • National News
  • Business
  • Sports
  • Tech
  • Entertainment
  • Global
  • Videos
Follow US

Customs breaks record, doubles first quarter 2024 revenue in 2025

Last updated: May 24, 2025 4:28 pm
2 days ago
Share
5 Min Read
aitlive 26
Nigeria Customs Service

The Nigeria Customs Service (NCS) has recorded an unprecedented revenue of ₦1.3 trillion in the first quarter of 2025, more than double the ₦600 billion collected during the same period in 2023.

Comptroller-General of Customs Bashir Adewale Adeniyi attributed this remarkable growth to transformative reforms under President Bola Tinubu’s Renewed Hope Agenda, as revealed in an upcoming State House documentary marking the President’s second anniversary.

A statement by the Special Adviser to President Bola Tinubu on Information and Strategy, Bayo Onanuga on Saturday in Abuja quotes Adeniyi as highlighting that the revenue surge emanated from improved technological deployment, enhanced port operations, tightened enforcement on revenue leakages, and a renewed culture of accountability across Customs commands.

“We collected ₦1.3 trillion in Q1 2025 alone. This is not due to higher import volumes. Imports have dropped due to foreign exchange constraints. What has changed is efficiency, transparency, and enforcement,” the Comptroller-General said.

He disclosed that the Service is preparing to launch the E-Customs Modernisation Project. This $3.2 billion initiative will digitise cargo processing, surveillance, and payment systems across Nigeria’s ports and borders.

MUST READ: Newly commissioned PH Refinery Shut Down for Maintenance

“We’re laying the foundation to move from a manual, paper-based system to a fully digital service. The E-Customs Project is central to our future. Once fully deployed, we project it will add $250 billion in cumulative revenue over 20 years,” he said.

Adeniyi added that the newly launched Authorised Economic Operator (AEO) Programme is now onboarding pre-vetted importers, allowing compliant businesses faster processing and reducing port congestion.

“It’s about trust and efficiency. If you’re compliant, you get green-lane treatment. This is how modern customs systems work globally,” he said

The Customs CG confirmed that the Service has intensified its anti-smuggling operations and closed long-standing revenue leakages.

He said over ₦64 billion was recovered from previously under-assessed or undervalued imports in the last nine months, and major smuggling rings at the Seme, Idiroko, Katsina, and Sokoto borders have been dismantled.

He said the new joint border patrol task forces established in coordination with the Nigerian Army, DSS, and Police have also yielded positive results.

“We’re no longer just chasing smugglers in the bush. We’re using data, surveillance drones, and port intelligence to act in real-time. Once systemic leakages are now being plugged,” ” Adeniyi said.

To ease trade and reduce business costs, Adeniyi disclosed that NCS is fast-tracking the roll-out of the National Single Window. This digital portal will integrate all government agencies involved in cargo clearance.

“Right now, you deal with up to 15 agencies manually. With the Single Window, you’ll do it all online, in one place. This will slash clearance time and costs,” the CG explained, adding that clearance timelines at Apapa and Tin Can Ports have already dropped from 21 days to 7–10 days for compliant importers.

The Comptroller-General said the agency has introduced fast-track lanes for agro-exports and is working with the Nigerian Export Promotion Council (NEPC) to streamline outbound cargo processes in line with the government’s push for non-oil exports.

“We’re promoting exports aggressively. Last year, Nigeria exported over ₦340 billion worth of solid minerals and agro commodities through formal channels, up by 38%. We’re targeting even more in 2025,” he said.

He stated that the Customs Service is also undergoing internal transformation, with over 1,800 officers trained in advanced data analytics, risk profiling, and artificial intelligence.

“Customs is no longer just about physical inspection. We are becoming an intelligence-led organisation, and our officers are being retrained to match global standards,” Adeniyi said.

“The President gave us a clear directive: block leakages, facilitate trade, and raise revenue without burdening Nigerians. That is what we are doing. And the results are beginning to speak for itself.

Share This Article
Facebook Twitter Whatsapp Whatsapp Email Print

RSS APO Group – Africa-Newsroom: latest news releases related to Africa

  • Uganda National Oil Company (UNOC) Chief Executive Officer (CEO) Proscovia Nabbanja to Showcase Uganda's Oil Investment Prospects at African Energy Week (AEW) May 25, 2025
  • The Islamic Corporation for the Insurance of Investment and Export Credit (ICIEC) Board of Governors Approves 2024 Annual Report and Audited Financial Statements – USD 13 Billion in Business Insured in 2024 May 25, 2025
  • Former Navy SEAL and United States (U.S) Congressman Scott Taylor to Speak at African Energy Week (AEW) 2025, Underscoring U.S.-Africa Energy Investments May 24, 2025
  • Africa Day: Majority of Africans say African countries should be given greater influence in international decision-making bodies May 24, 2025
  • Tanzania’s New Foreign Policy Reaffirms Pan-African Leadership and Vision for Intra-African Cooperation May 24, 2025

Trending

aitlive 9
Breaking: INEC admits glitch in results transmission as Court Reserves Judgement In Atiku’s Petition Against Tinubu, electoral body
2023 Elections Headlines
aitlive 1 19 1
Nigeria Air: MD Confirms Unveiled Aircraft Was Hired Ethiopia Flight
Local
LABOUR PARTY
Breaking: LP And Presidential Candidate, Peter Obi, Get Court Permission To Inspect Forensic Materials
2023 Elections
PETER OBI
Drama in court as judges order Peter Obi’s legal team to go home
Headlines
AIT-IMAGES - US House Republicans
US House Republicans authorize Biden impeachment inquiry
World

Section

  • Headlines
  • Local
  • Business
  • Politics
  • Sports
  • Crime
  • Education
  • Health
  • Entertainment

Programmes

  • Kakaaki
  • Focus Nigeria
  • Democracy Today
  • People Politics and Power
  • News Hour
  • AIT Reports
  • World News
  • Moneyline With Nancy
  • Jigsaw

About Us

  • About AIT
  • Our History
  • Our Awards
  • Our Values
  • Privacy Policy


Follow US
© AIT.LIVE. All Rights Reserved.
Join Us!

Subscribe to our newsletter and never miss our latest news, podcasts etc..

THE MOST IMPORTANT NEWS HEADLINE AND EVENT OF THE DAY

Subscribe to our mailing list to receive daily news update direct in your inbox!

Zero spam, Unsubscribe at any time.
Welcome Back!

Sign in to your account

Lost your password?