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HomeFinanceH1 2025: Nigeria's Customs Records $2.44 Billion Revenue

H1 2025: Nigeria’s Customs Records $2.44 Billion Revenue

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The Nigeria Customs Service has recorded a revenue of N3.68 trillion for the first half of 2025, surpassing its revenue target by N390.20 billion, equivalent to 11.85 per cent. This was announced in a statement on Tuesday.

The Nigeria Customs Service Board conducted a comprehensive review of the revenue, which was announced at its 63rd regular meeting, chaired by Finance and Economy Minister Wale Edun, the statement said.

The board linked the achievement to the effectiveness of NCS’ ongoing reforms, improved compliance by stakeholders, and enhanced deployment of technology in customs operations, alongside the service’s strengthened capacity in revenue mobilisation.

Between January 1 and June 30, 2025, the service recorded a total revenue collection of N3,682,496,530,576.48, representing a “remarkable performance above expectations”. In practical terms, this signifies that within six months, the NCS has already achieved 55.93 per cent of its annual revenue target.

It said the NCSB at the meeting approved the appointment of four deputy comptroller-generals and 12 assistant comptroller-generals.

Additionally, the appointments were to fill vacancies created by the recent retirement of some management members, while also strengthening equitable representation within the NCS’ leadership structure.

It added that the appointments were in line with the availability of positions across the six geopolitical zones.

According to the statement, this is in strict compliance with the Federal Character Policy of the Government, as provided in Section 14(4) of the NCS Act, 2023.

Funminiyi Philips
Funminiyi Philips
Funminiyi Philips is a finance pro-turned-cyber ninja. By day, I'm a numbers whiz and news junkie, covering tech, business, and cyber trends. By night, I'm a gamer and adventure-seeker levelling up my skills in cybersecurity. Ready to join forces and take on the next big challenge.

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