CUSTOMS GENERATES N5.7TN IN ONE YEAR
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Adewale Adeniyi, the Comptroller-General of Customs, revealed this on Wednesday during the 2024 Comptroller-General of Customs Conference that is currently taking place in Abuja.
He said that the revenue was 10% higher than its annual goal.
The conference is themed “Nigeria Customs Service: Engaging Traditional and New Partners with Purpose.”
“Today, I stand before you to demonstrate how our commitments in 2023 have evolved into tangible achievements.
“The pledge was comprehensive and ambitious- modernizing our processes through a one-stop solution for cargo alerts, revolutionising our ICT infrastructure, streamlining inspection procedures, and embracing automation for enhanced efficiency.
“We committed to re-aligning our free trade operations, elevating cargo integrity standards, and expanding our scanning capacities.
“Above all, we promised to usher in a new era of customs operations. One built on transparency, efficiency and genuine collaborations with our partners.
“I am pleased to announce that as of yesterday, November 12, 2024, the Nigerian Customs Service has hit its 2024 revenue target of N5.07trn.
“A total of N5, 079, 455, 88, 194, 38tn as of Tuesday has been collected.
“This expected performance projected to exceed our target by 10 per cent validates partnership-driven approach to revenue collection and trade facilitation.
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Adeniyi was upbeat about the service’s potential to contribute more to the economy.
Adeniyi talked about the service’s progress in facilitating trade and mentioned that the Authorised Economic Operators program has carefully chosen six recipients.
In order to promote speedier customs decision-making on import and export commodities before they arrive at the ports, he continued, 21 requests have been handled under an advance ruling program.
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