Customs Generated N4.49 Trillion In One Year Under Comptroller-General Adeniyi’s Stewardship

Nigeria Customs Service generated N4.49 trillion over the past year under Comptroller-General Adeniyi’s stewardship.

This is 74% growth compared to the N2.58 trillion collected by NCS during the corresponding period of the previous year.

Agency also recorded an average monthly revenue collection of N343 billion, compared to the N202 billion monthly average.

The Nigeria Customs Service (NCS) says it recorded a total revenue collection of N4.49 trillion between June 2023 and May 2024, which is a 74% growth compared to the N2.58 trillion collected during the corresponding period of the previous year.

The Comptroller-General of the Nigeria Customs Service (NCS), Bashir Adewale Adeniyi, made the disclosure on Wednesday June 19th during a press conference in Abuja to mark his one-year in office.

While providing an account of the NCS performance over the past year under his stewardship, Adeniyi also said that NCS recorded an average monthly revenue collection of N 343 billion, compared to the N202 billion monthly average.

“The NCS reported a remarkable 74% growth in revenue collection over the past year, recording a total revenue collection of N 4.49 trillion between June 2023 and May 2024, compared to the N2.58 trillion collected during the corresponding period of the previous year.

“This achievement was underpinned by a sustained increase of 70.13% in average monthly revenue collection compared to the previous year.

“NCS recorded an average monthly revenue collection of N343 billion, compared to the N 202 billion monthly average. Notably, there was a substantial 122.35% rise in revenue collection during the first quarter of 2024 compared to the same period in the previous year.”

Adeniyi attributed these gains to various strategic initiatives, including N15 billion recovered by the Revenue Review Performance Recovery exercise as well as the N1.5 billion recovered from the decongestion of 1,705 overtime containers and 981 vehicles from the port.

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