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READ How Nigerian Customs Generated N4.2tn Revenue In 9 Months
Posted by Gistsnaija.
on 21 October, 2024 |
0
The Nigerian Customs Service (NCS) has achieved a significant revenue milestone, generating N4.2 billion in the first nine months of 2024. This announcement was made by the Comptroller General of NCS, Bashir Adeniyi, during a workshop held in Lagos on Saturday. Adeniyi’s remarks were delivered by Dera Nnadi, the Comptroller of the Customs Area Controller at the Tincan Island Port Command.
Notably, the NCS has already surpassed its revenue generation achievements from both 2022 and 2023, demonstrating strong growth and efficiency in its operations. The impressive revenue figures highlight the agency’s effective strategies and dedication to improving Nigeria’s customs operations.
Moving forward, the service is ambitiously aiming to exceed its 2024 revenue target of N5.3 billion by the end of the year. This goal reflects the NCS’s commitment to maximizing revenue collection and enhancing the economic contributions of the customs sector in Nigeria. The current achievements and future targets underscore the proactive and dynamic approach the NCS is taking to support national development.
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“What this means is that we have already surpassed our 2023 collection by over N1 trillion even though the year has not yet ended. This will enable you to understand the enormity of the progress that we have made leveraging digital technology.
“Let me also try to relate this to our 2022 revenue. The Service was able to collect N2.6 Trillion in 2022. So, you can see that we are making steady progress and this is possible because we are deploying digitalization, ICT and innovation in our business process”, he stated.
Recall that total revenue generated in Nigeria in 2023 stood at N12.37 trillion according to the Federal Inland Revenue Service.
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