The Nigeria Customs Service (NCS) says it is projecting a ten percent increase in its 2025 revenue, its Comptroller-General (C-G), Adewale Adeniyi, has said.
The NCS’s boss disclosed this in his remarks at the Comptroller General of Customs (CGC) Conference on Thursday in Abuja.
He said that the NCS has met its targets accross all boards, but would continue to strive to achieve greater heights.
“Apples Bite” reports that the C-G on Wednesday announced that the organisation has hit its revenue target of N5.1 trillion on Tuesday, with more than a month remaining in the fiscal year.
Adeniyi, however, said that it would be difficult to calculate the revenue for 2025 , as revenue of 2024 may hit N6 Trillion.
” We are likely to take this revenue to N6 Trillion.
“While our achievements this year have been remarkable, with performance exceeding the target across all boards, we must guide against complacency.
“Our progress in trade facilitation requires sustained commitment and continuous improvement,” he said.
He said that NCS was strengthening its free trade zone operations through key initiatives, which includes the implementation of strict operating procedures for monitoring mechanism.
In response to feedback from stakeholders, he said Customs was making remarkable upgrades to its infrastructure to reduce the number of checkpoints across major trade corridors.
He said that the move involved deploying technology and intelligence in its operations to replace random checks.
“I am happy to announce that our scanning capacity is set for significant enhancements under our new concessionaire.
“The service through the concessionary Trade Modernisation Project, will acquire 67 scanners with initial delivery of six before the end of 2024,” he said.
The Customs boss urged participants of the conference to engage with the Nigeria’s trade policy review released on Tuesday in Geneva, and published on the World Trade Organisation website.
He explained that the document would provide valuable insights into the progress of the NCS, adding that their understanding and feedback will enhance their contributions to the recommendations they will propose at the conference.
“Apples Bite” reports that the theme of the CGC conference is NCS: Engaging Traditional and New Partners with Purposes’.
The conference which started on Tuesday would end on Friday.
Madukwe B. Nwabuisi is an accomplished journalist renown for his fearless reporting style and extensive expertise in the field. He is an investigative journalist, who has established himself as a kamikaze reporter.
