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Customs revenue surges 70%, rakes in over N686bn in 2 months

The acting Comptroller of the Nigeria Customs Service (NCS), Adewale Adeniyi, has revealed that the service generated over N686 billion in the last two months…

The acting Comptroller of the Nigeria Customs Service (NCS), Adewale Adeniyi, has revealed that the service generated over N686 billion in the last two months (July and August).

He said the figure was higher than the average monthly collection of N202 billion in the first half of the year that concluded in June.

Adeniyi, who disclosed this at a press conference to mark his first 100 days in office in Abuja yesterday, noted that the figure represented a 70.13 per cent increase in revenue collection.

He said, “We have witnessed a substantial increase, with an average monthly collection of N202 billion in the first half of the year that concluded in June, surging to an impressive N343 billion in the past two months (July and August).

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

“The ongoing revenue recovery review activities have contributed an additional N8 billion during this period, underlining our commitment to revenue generation. Subject to unforeseen circumstances, our aim is to sustain and even expand this momentum until the end of the year”

While speaking on the ongoing battle against smuggling, Adeniyi noted that the NCS has achieved impressive results over the past eight months.

“With a total of 1,763 seizures, valuing a substantial N11.9 billion in Duty Paid Value, we have successfully intercepted various contraband items, including arms, ammunition, illicit drugs, substandard pharmaceuticals, and other prohibited goods that pose grave risks to our citizens.

He further explained that the seizures, accompanied by the apprehension of 62 suspects undergoing legal procedures, underscore the service commitment to tackling smuggling and safeguarding the country.