The Nigeria Customs Service (NCS) reports that it exceeds its 2025 revenue target by 10.24%. The service says it generated about ₦7.277 trillion in 2025 revenue against an approved target of ₦6.584 trillion. Comptroller-General of Customs Adewale Adeniyi makes the disclosure while defending the agency’s 2025 budget performance, including that the higher collections occur despite government-approved tax waivers and fiscal incentives.
Looking ahead to 2026, the NCS presents a proposed budget to lawmakers, including a revenue target of roughly ₦11.07–₦11.27 trillion and total expenditure of about ₦1.295 trillion. Reporting from multiple outlets says the proposed expenditure includes costs for personnel, overheads, and capital projects. The Senate considers the NCS proposal and approves both the customs’ 2026 budget and a revenue target around ₦11.074 trillion.
Across the reports, the key points are the 2025 overperformance, the stated 2026 revenue target, and legislative approval of the 2026 budget and related revenue figure.
