Nigeria Customs Service Records N4.29 Trillion As Revenue From January To September 2024
Nigeria Customs Service Records N4.29 Trillion As Revenue From January To September 2024
By Asuquo Nuwak
The Nigeria Customs Service has recorded the sum of N4.29 trillion as revenue between January and September 2024.
The Comptroller-General of Customs, Bashir Adewale Adeniyi, who was represented by the Customs Area Controller of Tin Can Island Port Customs command, Comptroller Dera Nnadi, said this figure brings the service closer to its annual revenue target of N5.3 trillion as the year remains three months to end.
Comptroller Dera Nnadi, who disclosed this figure at a workshop organised by the Finance and Business Online Publishers, with the theme: 2024 Capacity Building, on Saturday in Lagos, also attributed the progress made so far to the adoption of digital infrastructure in Customs processes.
In comparing the revenue collection of 2024 with previous years, he announced that the service had surpassed the 2023 revenue of N3.21 trillion by over N1 trillion.
Comptroller Dera Nnadi, who said this achievement is a testament to the impact of digitalization and innovation in the service operations, also disclosed that, in 2022, the service collected the sum N2.6 trillion, but now, the service is steadily increasing its revenue profile through the integration of digital systems.
According to the report made available, the Nigeria Customs Service attributed its success to the deployment of the Nigeria Integrated Customs Information System (NICIS II), which has streamlined import and export documentation, reducing delays and errors.
In addition to this, he said the modernization project, which integrates over 43 stakeholders into a single digital platform, promotes transparency and accountability in import duty collection.
Comptroller Nnadi, however commended stakeholders and business publishers in maritime industry for their contributions in creating awareness and supporting the NCS in meeting its revenue goals.
In the words of Çomptroller Dera Nnadi: “The digital infrastructure ensures that every action taken by customs officer is traceable, promoting accountability and reducing revenue leakage. This system encourages faster clearance of goods and enhances Nigeria’s competitiveness.
At the end of the workshop, he therefore disclosed that the Nigeria Customs Service will continue to leverage its modernization initiatives to boost efficiency and transparency in its operations, while expressing optimism about reaching its N5.3 trillion target by the end of 2024.
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