Customs Exceeds Revenue Expectations, Nets ₦343bn In August

The Nigeria Customs Service (NCS), under the leadership of Acting Comptroller-General Mr. Adewale Adeniyi, has outperformed its revenue goals for July and August.

Speaking during the presentation of his 100-day performance report in Abuja, Adeniyi revealed that in July, the NCS generated ₦307 billion, followed by ₦343 billion in August.

‘One of our early achievements has been a remarkable boost in monthly revenue collection.’

‘We have witnessed a substantial increase, with an average monthly collection of 202 billion in the first half of the year that concluded in June, surging to an impressive 343 billion in August.’

‘This outstanding growth amounts to a remarkable 70.13 per cent increase in revenue collection.’

‘I am delighted to announce that we have consistently exceeded the monthly target collection, marking a remarkable departure from previous performances,’ he said.

He noted that the ongoing revenue recovery review activities had chipped in an additional eight billion Naira during the period.

‘This underlines 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.’

Read also: Illicit Drugs Worth ₦651m Seized By Customs In Lagos, Ogun

‘This commitment is driven by our resolve to minimise the deviation from the target, especially in light of the substantial shortfalls recorded during the first half of the year,’ Adeniyi said.

He stated that the NCS had registered notable accomplishments in its ongoing efforts to combat smuggling.

‘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.’

‘These seizures accompanied by the apprehension of 62 suspects undergoing legal procedures, underscore our commitment to tackling smuggling and safeguarding our communities.’

‘Notably, a significant surge in impactful seizures, especially involving arms, ammunition, and drugs, has occurred in the past two months, reinforcing our resolve to combat these illegal activities,’ he said.

He mentioned that the NCS had built more robust partnerships and nurtured an atmosphere of trust and collaboration among stakeholders from both the public and private sectors, as well as with international partners.

The acting CG disclosed that the NCS is on the cusp of rolling out multiple innovative solutions to strengthen its enforcement strategies. This effort commences with the signing of a Memorandum of Understanding (MoU) with the objective of eliminating vehicle smuggling permanently.

‘As we reflect on the achievements of the first 100 days in office and the journey we have embarked upon, it is essential to look ahead with a clear vision for the future.’

‘The next phase builds upon the foundation we have laid, and it is characterised by unwavering dedication to our policy thrust of consolidation, collaboration, and innovative solutions.’

‘Looking forward, we envision a service that is not only the most efficient and service-driven government organ but also a pivotal driver of national economic growth and border security.’

‘There are also challenges we face but we are working hard to overcome it and get a better result,’ he said.

In his statement, he underscored the NCS’s significant contribution to facilitating international trade and spurring economic growth, serving as a critical link that joins the nation with the global marketplace.

He affirmed his determination to support President Bola Tinubu’s agenda for economic growth and development.

Africa Today News, New York

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