The Comptroller-General of Nigeria Customs Service (NCS), Adewale Adeniyi, who marked his one-year anniversary in office on Wednesday, said that under his leadership the service has generated N4.49 trillion in revenue, surpassing the 2023 target by 74%.
He attributed this celebrating of a remarkable milestone in revenue generation to improved enforcement, enhanced automation, and strengthened stakeholder engagement.
Adeniyi made this known in Abuja, at the press briefing to commemorate his one year in office, where he expressed gratitude to the officers and men of the NCS for their dedication and hard work.
Adeniyi said: “The NCS reported a remarkable 74% growth in revenue collection over the past year, recording a total revenue collection of N4.49 trillion between June 2023 and May 2024, compared to the N2.58 trillion collected during the corresponding period of the previous year.
“This achievement was underpinned by a sustained increase of 70.13% in average monthly revenue collection compared to the previous year. NCS recorded an average monthly revenue collection of N343 billion, compared to the N202 billion monthly average. Notably, there was a substantial 122.35% rise in revenue collection during the first quarter of 2024 compared to the same period in the previous year. These gains were attributed to various strategic initiatives.
Speaking on the trade facilitation, he said that significant achievements have been made by the decongestion of ports and the reopening of previously inaccessible access roads.
He also acknowledged the support of the federal government and stakeholders in the industry, noting that the service’s recent ranking under the Presidential Enabling Business Environment Council (PEBEC), which aims to streamline business operations in Nigeria through reforms and policies. Ministries, departments, and agencies (MDAs) are ranked by activities under eight broad indicator levels.
He said, “Between 2020 and 2022, the NCS maintained an average percentage score of 18.45%, ranking 28th out of the 37 MDAs ranked. By 2023, the NCS ranking fell further to 34th out of 39 MDAs, with a percentage score of 18.53%. However, by 2024, I am delighted to announce that the NCS moved up 33 places, now tied at the top with 4 other MDAs out of the 36 MDAs assessed, with a percentage score of 100%, marking an 81.5% increase.
“N15 billion recovery by the revenue review performance recovery exercise, N2.79 billion recovered from the 90-day window for the regularisation of the documents of uncustomed vehicles.
