Business and Economy
NASS Backs Customs’ N11.074tn Revenue Drive, Applauds CG’s Tenure Extension
The Nigeria Customs Service (NCS) has set an ambitious revenue target of N11.074 trillion for the 2026 fiscal year, nearly doubling its 2025 target of N6.
The Senate and House of Representatives Committees on Customs also commended President Bola Ahmed Tinubu for extending the tenure of the Comptroller-General of Customs, Bashir Adewale Adeniyi, by six months.
The Comptroller-General disclosed the 2026 revenue projection during separate budget defence sessions before the Senate and House Committees on Customs.
Speaking before the Senate Committee, Adeniyi said the Service is targeting N11.074 trillion in revenue for 2026, adding that N4.43 trillion had already been realised as of May 31.
He explained that the Customs Service is proposing a total expenditure of N1.235 trillion for 2026. Of the amount, N421 billion is allocated for personnel costs, N307 billion for overheads, and N565 billion for capital projects.
Reviewing the Service’s 2025 performance, the Customs boss said that against the revenue target of N6.584 trillion, the agency generated N7.277 trillion, representing a positive variance of N674 billion, or 10.24 per cent above target.
He, however, noted that revenue could have been higher but for some government policies, including the CNG/Electric Vehicles tariff and the yet-to-be-implemented Green Tax, which affected Customs operations.
According to him, despite challenges such as the ongoing crisis in the Middle East, the Service remains committed to achieving—or even surpassing—its N11.074 trillion revenue target in 2026.
Impressed by the revenue performance and ambitious projection, Chairman of the Senate Committee on Customs, Jibrin Isah, congratulated the Comptroller-General on the six-month tenure extension approved by President Tinubu.
He praised the Customs leadership for implementing reforms that have strengthened revenue generation, enhanced anti-smuggling operations, improved trade facilitation, and provided infrastructure to support ease of doing business.
The lawmaker urged the Comptroller-General to sustain the momentum and work towards achieving the 2026 revenue target.
The committee subsequently approved the 2026 budget proposal of the Nigeria Customs Service through a voice vote, with all members present endorsing the estimates.