The Nigeria Customs Service (NCS) has reported a revenue collection of N5.7 trillion as of November 12, 2024. Comptroller-General of Customs, Adewale Adeniyi, made the announcement on Wednesday at the 2024 Comptroller-General of Customs Conference in Abuja.
With the theme, “Nigeria Customs Service: Engaging Traditional and New Partners with Purpose,” the conference emphasized the service’s commitment to fostering strategic partnerships and optimizing revenue collection. Adeniyi also expressed confidence in the NCS’s potential to contribute even more significantly to Nigeria’s economic growth.
“Our strategic engagements and collaborative approaches have yielded remarkable results across our core statutory responsibilities. I am pleased to announce that, as of 12 November 2024 at exactly 13:10 Hrs, the NCS hit its 2024 revenue target of NGN 5.07tn, collecting NGN5.079tn with more than a month remaining in the fiscal year,” Adeniyi said.
Discussing the service’s strides in trade facilitation, Adeniyi noted that six beneficiaries of the Authorised Economic Operators programme have been carefully selected.
He added that 21 requests have been processed under an advance ruling programme aimed at fostering quicker customs decision-making on import and export cargoes before they arrive at the ports.
The Comptroller-General also highlighted that the service’s time release study has advanced the drive toward 24-hour cargo clearance and reduced dwell time at the ports.
Adeniyi praised Operation Whirlwind, a joint initiative guided by the Office of the National Security Adviser and supported by the Nigerian Midstream and Downstream Petroleum Regulatory Agency, aimed at curbing fuel smuggling