•National Assembly projects N12trn revenue for Customs in 2025 appropriation bill
James Emejo and Sunday Aborisade in Abuja
The federal government has set a revenue target of N6.58 trillion for the Nigeria Customs Service (NCS) for 2025.
The Comptroller-General of Customs (CGC), Bashir Adewale Adeniyi, also disclosed yesterday that it collected an unprecedented N6.11 trillion in 2024, surpassing its N5.08 trillion revenue target for the year by N1.03 trillion, representing 20.2 per cent above the target.
This emerged same day the National Assembly Joint Committee on Finance jerked up the revenue projections for NCS from the proposed N6.5trn to N12 trillion in the 2025 appropriation bill.
Addressing journalists at a media briefing to shed light on the service’s activities for 2024, Adeniyi said the remarkable achievement represented 90.4 percent increase compared to N3.21 trillion collected in 2023.
He described the revenue growth as historic…
Source: Thisday Newspaper