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From Godwin Tsa, Abuja
The Nigeria Customs Service (NCS) says it collected N6.1 trillion in revenue surpassing its target in 2024.
The Comptroller General of NCS, Adewale Adeniyi, disclosed this in Abuja during a press briefing on its 2024 performance on Tuesday.
The figure represents an increase of N2.9 trillion or 90.4 percent compared to the N3.2 trillion recorded in 2023.
The collection, according to the CGC, has been highest in recent years when compared to the immediate corresponding years of 2022 and 2023, where the service recorded shortfalls by 14 per cent and 13 per cent of its targets, respectively.
Adeniyi said “in the year 2024, we collected a total sum of N6,105,315,543,489.50 kobo.This performance surpassed our target of N5.07 trillion by N1.026 trillion, which represents a 22 percent increase over and above our target for 2024.
“This remarkable achievement represents a significant 90.4 percent increase from our 2023 collection of N3.2 trillion. This growth is historic, as it marks the highest year-on-year increase recorded by the service in recent times, surpassing the 52.24 percent growth recorded in 2022 by 38.18 percent.
“The total 2024 revenue collected comprises three main components. The first was the federation accounts and we had about N3.6 trillion.
“The second was the non-federation accounts levies where we had N816.9 billion and the third component was the value-added tax where we collected N1.6 trillion.
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“It is pertinent to note that these collections were achieved despite significant concessions granted to support various sectors of the economy and this in 2024 was a total N1.68 trillion.”
The CGC said in December 2023, the agency was targeting N5.79 trillion as revenue for 2024.
However, Abubakar Bichi, chairman of the House of Representatives committee on appropriations, told Adeniyi that Customs should increase the revenue target to N6 trillion because the government needs money to finance several projects.
A breakdown of the revenue collection shows that the NCS Murtala Muhammed International Airport (MMIA) Command surpassed its 2024 revenue target by 20%.
On anti-smuggling and enforcement, Adeniyi highlighted the NCS’s commitment to securing the nation’s borders and preventing illicit activities. “In 2024, we made 3,555 seizures, with the Duty Paid Value (DPV) increasing by 100.92%, from N17.56 billion in 2023 to N35.29 billion,” he revealed. These seizures, which included narcotics, firearms, and counterfeit medicines, underline the NCS’s pivotal role in safeguarding Nigeria’s economic and national security.
Notably, the NCS seized 900 arms, 113,472 rounds of ammunition, and 105 narcotics-related seizures. Furthermore, unauthorized pharmaceutical products were intercepted, with 40 seizures amounting to 175,676 pieces and 6,271 cartons of various medicaments valued at N3.04 billion.
Adeniyi also shared that the Service seized 76 animal/wildlife products valued at N5.93 billion and protected local industries by intercepting 3,785 bales of textiles worth N945.9 million, along with other consumer goods.
The NCS recorded 397 vehicle seizures valued at N5.64 billion as part of its ongoing enforcement of import regulations.
The remarkable performance of the NCS in 2024 underscores the agency’s resilience and innovative approach to revenue collection, trade facilitation, and security enforcement. Moving forward, Adeniyi announced a target of N8 trillion for 2025, expressing confidence that the NCS will continue to meet the growing demands of the nation.
