By Tony Obiechina, Abuja
The Nigeria Customs Service (NCS) generated a record ₦6.105 trillion as revenue in 2024.
This impressive feat surpasses the Service’s target of ₦5.08 trillion by ₦1.03 trillion, representing a 20.2% increase.
This was announced by the Comptroller General of Customs, Bashir Adewale Adeniyi, during a press briefing in Abuja on Tuesday.
According to the Comptroller General of Customs, the 2024 revenue collection marks a significant 90.4% increase compared to the ₦3.21 trillion collected in 2023.
The NCS attributed the success to improved efficiency, strategic reforms, and digital innovations aimed at enhancing revenue collection and reducing leakages.
The Service also noted that the reduction in concession values from ₦3.96 trillion in 2023 to ₦1.68 trillion in 2024 was due to enhanced monitoring mechanisms and strategic reforms aimed at curbing abuses in the process.
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