Customs increases monthly revenue from N202bn to N334bn

The Comptroller-General of Nigeria Customs Service, Adewale Adeniyi, says the NCS recorded impressive surge in monthly revenue collection from N202 billion to N333.9 billion in the past four months.

Adeniyi made this known at a national workshop on legislative compliance in Abuja on Wednesday, November 8, 2023.

He said the service collected an average revenue of N202 billion in the first half of the year, adding that in the past four months, monthly revenue collection surged to N333.9 billion between July and October, showing a 65.5 per cent increase.

Adeniyi stated that Customs partnership with the National Assembly yielded positive outcomes through a review and enhancement of tariff structures and regulations.

He said the NCS managed to optimise revenue collection and ensured that funds were available for national development projects.

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The Customs boss said: “One of our early achievements has been a remarkable boost in monthly revenue collection.

“I am delighted to announce that we have consistently exceeded the monthly target collection of N307 billion, marking a remarkable departure from previous performances.

“The joint efforts of the NCS and the legislative arm of government have allowed us to respond effectively to public concerns and petitions.”

Speaking on the challenges faced by Customs, Adeniyi said it often encountered budgetary constraints that limited its capacity to effectively enforce compliance.

The limitations, he said, could affect the acquisition of modern technology; the organisation of training and recruitment of personnel required for effective enforcement.

The Customs boss added that inadequate infrastructure and technology at border posts could impede the service ability to inspect and regulate trade effectively, leaving room for non-compliance.

The Star