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Customs surpassed 2024 target, made N6.1tr – Comptroller-General
The Nigeria Customs Service (NCS) revenue surged to N6.1 trillion in 2024.
This represents an increase of N2.9 trillion or 90.4 percent over the N3.2 trillion recorded in 2023.
The Comptroller-General of Customs, Adewale Adeniyi, disclosed this while briefing journalists on the Service 2024 performance on Tuesday in Abuja.
He said: “In the year 2024, we collected a total sum of N6,105,315,543,489.50 kobo.
“This performance surpassed our target of N5.07 trillion by N1.026 trillion, which represents a 22 percent increase over and above our target for 2024.
“This remarkable achievement represents a significant 90.4 percent increase from our 2023 collection of N3.2 trillion.
READ ALSO: Onne Customs generates N634bn in revenue, seizes illicit goods worth N20.3bn in 2024
“This growth is historic, as it marks the highest year-on-year increase recorded by the service in recent times, surpassing the 52.24 percent growth recorded in 2022 by 38.18 percent.
“The total 2024 revenue collected comprises three main components. The first was the federation accounts and we had about N3.6 trillion.
“The second was the non-federation accounts levies where we had N816.9 billion and the third component was the value-added tax where we collected N1.6 trillion.
“It is pertinent to note that these collections were achieved despite significant concessions granted to support various sectors of the economy and this in 2024 was a total N1.68 trillion.”
By: Babajide Okeowo
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