Nigerian Customs Service Aims High: Expects to Surpass N5.079 Trillion Revenue Target in 2024

The Comptroller-General of the Nigerian Customs Service (NCS), Adewale Adeniyi, has expressed confidence in the service’s ability to surpass its revenue target of N5.079 trillion in 2024.

Presenting the NCS’s 2024 budget to the Senate Committee on Customs, Adeniyi defended the proposed N706 billion budget, highlighting the focus on consolidating projects, enhancing staff welfare, and integrating technology into Customs operations.

Adeniyi outlined several strategies to achieve the ambitious revenue target, including the implementation of the National Single Window initiative, designed to streamline customs procedures and enhance efficiency.

He emphasized the importance of standardizing customs processes, port decongestion, collaboration with other agencies, anti-smuggling operations, and leveraging ICT advancements.

Moreover, Adeniyi stressed the NCS’s commitment to supporting local production and prioritizing food security initiatives.

These efforts align with broader economic goals aimed at fostering domestic production and reducing reliance on imports.

The Customs Service’s optimism reflects its determination to enhance revenue generation while modernizing operations to meet evolving challenges.

With strategic planning and implementation, the NCS aims to exceed expectations and contribute significantly to Nigeria’s economic growth and development in 2024.