Minister: Customs’ll achieve N11trn annual revenue target

The Minister of Finance and Coordinating Minister of the Economy, Taiwo Oyedele, says the Nigeria Customs Service (NCS) is on track to achieve its N11 trillion annual target driven by aggressive automation, intelligence-led reforms, and improved cargo processing strategies under  Comptroller-General Bashir Adeniyi.

Oyedele made this known during his inaugural board meeting and facility tour held recently at the NCS headquarters in Abuja.

Oyedele commended Customs for its ongoing trade reforms and revenue generation of N4.03 trillion in the first half of 2026.

Oyedele said the NCS generated an additional N1.38 trillion in July and August, acknowledging their strong revenue performance, technology-driven reforms and sustained efforts to ease trade.

The minister praised the service’s leadership and officers for their remarkable progress in modernising operations and boosting national revenue.

Satisfied with the service’s modern intelligence tools and technological infrastructure, Oyedele described Customs’ track record as the ideal springboard to propel Nigeria into a leading position in regional and global trade.

“Results are precisely what should propel us to do more,” the minister said.

He noted that Customs’ strong foundation equipped the service to pioneer world-class standards in port efficiency, end-to-end transparency, faster cargo clearance and revenue integrity, stressing that “Nigeria must lead through performance, not rhetoric.”

Reaffirming President Bola Tinubu’s support, Oyedele assured the NCS of federal government’s commitment to providing cutting-edge technology, modern operational tools and policy support to strengthen its role as Africa’s leading trade facilitator.