The Nigeria Customs Service has set an ambitious revenue target of N11.07 trillion for the 2026 fiscal year, nearly double the N6.58 trillion benchmark for 2025, which it exceeded by N674 billion after generating N7.28 trillion.
The Comptroller-General of Customs, Bashir Adewale Adeniyi, disclosed this on Monday during the 2026 budget defence session before the Senate and House of Representatives Committees on Customs.
Adeniyi told the Senate Committee that out of the projected N11.07 trillion for 2026, N4.43 trillion had been realised as of May 31.
He said the service’s 2026 expenditure proposal stands at N1.24 trillion, with N421 billion earmarked for personnel costs, N307 billion for overhead, and N565 billion for capital expenditure.
For 2025, he reported that Customs generated N7.28 trillion against a target of N6.58 trillion, representing a 10.24 per cent positive variance. He, however, noted that revenue could have been higher but for government policies such as CNG/electric vehicle tariffs and the yet-to-be-implemented Green Tax.
“In 2026, despite the major elephant in the room which is the crisis in the Middle East, Customs is determined to achieve its revenue target of N11.07 trillion or even surpass it,” he said.
The Senate Committee Chairman, Senator Jibrin Isah, Kogi East, commended President Bola Tinubu for extending Adeniyi’s tenure by six months last month. He praised reforms under the CG’s leadership in revenue generation, anti-smuggling operations, trade facilitation, and infrastructure for ease of doing business.
“Customs under your leadership has been transformed. Please work harder in 2026 to actualise your budget dreams and projections,” Isah said.
He then put the 2026 budget proposal to a voice vote, which was approved by all committee members in attendance.
