Saturday, May 3, 2025

Nigerian Customs monthly revenue collection increases to N334bn

Must read

Ibrahim Ramalan
Ibrahim Ramalan
Ibrahim Ramalan is a graduate of Mass Communications from the Ahmadu Bello University (ABU) Zaria. With nearly a decade-long, active journalism practice, Mr Ramalan has been able to rise from a cub reporter to the exalted position of an editor; first as Arts Editor with the Blueprint Newspapers before resigning in 2019; second and presently as an Associate Editor of the Daily Nigerian online newspaper. He can be reached via ibroramalan@gmail.com, or www.facebook.com/ibrahim.ramalana, or @McRamalan on Twitter.
- Advertisement -
tiamin rice
tiamin rice

Comptroller-General of Nigeria Customs Service, Adewale Adeniyi, says the service has recorded impressive surge in monthly revenue collection from N202 billion to N333.9 billion in the past four months.

Mr Adeniyi made the declaration on Wednesday in Abuja at a national workshop on legislative compliance.

The workshop has: “The imperatives of legislative compliance in deepening democracy and good governance’’ has its theme.

tiamin rice

He said the service collected an average revenue of N202 billion in the first half of the year.

He added that in the past four months, however, monthly revenue collection surged to N333.9 billion between July and October, showing a 65.5 per cent increase.

READ ALSO:   GIABA's anti-money laundering report rates Nigeria high

Mr Adeniyi explained that Customs partnership with the National Assembly had yielded positive outcomes through a review and enhancement of tariff structures and regulations.

whatsApp

He said the NCS had managed to optimise revenue collection and ensured that funds were available for national development projects.

“One of our early achievements has been a remarkable boost in monthly revenue collection.

“I am delighted to announce that we have consistently exceeded the monthly target collection of N307 billion, marking a remarkable departure from previous performances.

“The joint efforts of the NCS and the legislative arm of government have allowed us to respond effectively to public concerns and petitions,’’ he said.

READ ALSO:   Nigerian Army recalls soldiers from study leave to fight Boko Haram

Speaking on challenges faced by the Customs Service, Adeniyi said it often encountered budgetary constraints that limited its capacity to effectively enforce compliance.

The limitations, he explained, could affect the acquisition of modern technology; the organisation of training and recruitment of personnel required for effective enforcement.

He stressed that inadequate infrastructure and technology at border posts could impede the Customs Service ability to inspect and regulate trade effectively, leaving room for noncompliance.
NAN

- Advertisement -

More articles

- Advertisement -

Latest article

- Advertisement -