Nigeria’s Customs Service says it exceeds its 2025 revenue target despite government-approved tax waivers and fiscal incentives. The Comptroller-General of Customs, Adewale Adeniyi, reports that the service generates ₦7.28 trillion between January and December 2025, surpassing its ₦6.584 trillion target by 10.24%. Both outlets describe the announcement as part of the Customs Service’s presentation to legislators on its budget performance.
In the same submissions, the Customs Service outlines plans for the 2026 fiscal year. Vanguard reports that the agency seeks approval for a proposed ₦11.274 trillion revenue target and related expenditure estimates before the House of Representatives Committee on Customs. The Punch similarly frames the presentation as the Customs Service defending its 2025 budget performance while noting that the revenue increase occurs even with waivers and incentives intended to support economic activity.
Overall, the reported figures focus on Customs’ 2025 collection outcome and its request for legislative clearance of 2026 revenue and expenditure projections.
