The Nigeria Customs Service (NCS) generated N1.75 trillion in income within the first quarter of 2025, exceeding its quarterly goal of N1.645 trillion by N106.5 billion.
This efficiency mirrored a 29.96% improve in comparison with the N1.35 trillion recorded in Q1 2024.
The Comptroller-Common of Customs, Bashir Adewale Adeniyi, disclosed the figures throughout a press briefing held on Monday, April 22, in Abuja, as contained in an announcement launched by the service.
Adeniyi highlighted that the milestone was a results of ongoing reforms and improved enforcement efforts beneath the present administration.
“I’m happy to report the Service’s income assortment for Q1 2025 totaled N1,751,502,252,298.05 (One Trillion, Seven Hundred and Fifty-One Billion, 5 Hundred and Two Million, Two Hundred and Fifty-Two Thousand, Two Hundred and Ninety-Eight Naira, 5 Kobo).
“Towards our annual goal of N6,580,000,000,000.00, the primary quarter’s proportional benchmark stood at N1,645,000,000,000.00. I’m proud to announce we’ve exceeded this goal by N106.5 billion, attaining 106.47% of our quarterly projection. This excellent efficiency represents a considerable 29.96% improve in comparison with the identical interval in 2024, the place we collected N1,347,705,251,658.31,” the Comptroller-Common was quoted to have mentioned.
In January 2025, the Service collected N647.88 billion, exceeding its month-to-month goal by 18.12% and marking a major 65.77% improve in comparison with January 2024. This upward development continued in February and March, with collections of N540.11 billion and N563.52 billion respectively—each figures surpassing their month-to-month targets.
Adeniyi attributed the sturdy efficiency to measures geared toward closing income leakages, strengthening inter-agency collaboration, and selling voluntary compliance. He mentioned the 29.96% year-on-year improve in Q1 income, mixed with constant month-to-month enhancements, confirmed that their present technique was working.
He famous that anti-smuggling operations led to 298 seizures with a complete duty-paid worth of N7.7 billion in Q1 2025. Whereas this marked a 78.41% improve from This autumn 2024, it was 19.7% decrease than Q1 2024.
He additional revealed that the service supported the Federal Authorities’s meals safety efforts by means of focused import obligation exemptions on important gadgets like rice, maize, and sorghum. These exemptions, he mentioned, helped ease strain on meals costs, which dropped by between 12 and 18 % throughout the quarter.
The service says it stays dedicated to commerce facilitation and transparency because it builds on its Q1 momentum forward of the mid-year income goal.
