NCS records ₦7.28trn revenue in 2025

The Nigeria Customs Service (NCS) generated ₦7.28 trillion in revenue in 2025, exceeding its ₦6.58 trillion target by ₦697 billion, representing over 10 per cent growth.

Comptroller-General of Customs, Bashir Adeniyi, disclosed this at the 2026 World Customs Day celebration, noting that revenue rose from ₦6.1 trillion in 2024 to ₦7.28 trillion in 2025 — a year-on-year increase of about 19 per cent.

Adeniyi attributed the performance to sector reforms, improved compliance, digital tools, better data use and disciplined enforcement, stressing that the gains were achieved without burdening legitimate trade.

The NCS also unveiled the Time Release Study (TRS) conducted at Tincan Island Port in 2024 with support from the World Customs Organisation (WCO). Adeniyi said the study revealed that while Nigeria can clear goods quickly, inefficiencies such as fragmented scheduling, manual documentation and poor inter-agency coordination cause avoidable delays.

He said the TRS, based on over 600 declarations, provides evidence-based insights into clearance timelines and bottlenecks, and will now be institutionalised as a regular reform tool.

Minister of State for Finance, Dr Doris Uzoka-Anite, described the TRS as a strategic policy instrument to reduce transaction costs, improve transparency and support ease of doing business, competitiveness under AfCFTA and efficient trade procedures.

WCO Secretary-General, Ian Saunders, said the TRS would strengthen evidence-based policymaking and guide targeted reforms in Nigeria’s ports and borders.