Nigeria Customs Service records N6.1 trillion revenue in 2024 

This marks the highest revenue ever recorded by the Service, surpassing its 2024 target of N5.08 trillion by N1.03 trillion representing a 20.2% increase above the target.

The announcement was made by Bashir Adewale Adeniyi, Comptroller-General of Customs, on January 14, 2025, during a press briefing at the NCS Corporate Headquarters in Maitama, Abuja, as contained in a statement on the Service’s official Facebook page.

“Distinguished ladies and gentlemen, I am pleased to announce that the Nigeria Customs Service has again recorded another unprecedented performance in revenue collection for the year 2024. The Service collected a total sum of N6,105,315,543,489.50 (Six Trillion, One Hundred and Five Billion, Three Hundred and Fifteen Million, Five Hundred and Forty-Three Thousand, Four Hundred and Eighty-Nine Naira, Fifty Kobo), surpassing our target of N5,079,069,866,085.50 by N1,026,245,677,404.00, representing a 20.2% increase above the target,” Adeniyi said.

According to Customs C-G, the 2024 revenue figure also represents a remarkable 90.4% increase from the N3.21 trillion collected in 2023. He described this growth as historic, noting that it far exceeded the 52.24% year-on-year increase recorded in 2022 by an additional 38.18 percentage points.

The Service also achieved another significant milestone in October 2024, recording its highest-ever monthly revenue of N603.17 billion.

C-G Adeniyi shed more light on the revenue components of the Nigeria Customs Service for 2024, highlighting three main categories:

Adeniyi highlighted that these collections were achieved despite granting significant concessions totaling N1.68 trillion to support various sectors of the economy.

He also commended the dedication of the NCS management and staff for their contributions to this historic performance.