Customs’ll meet N5.1tn 2024 revenue target – CG
The Comptroller-General, Nigerian Customs Service, Adewale Adeniyi, on Thursday, said the NCS would strive to deliver its projected N5.1tn revenue target for 2024.
Adeniyi spoke during the decoration of newly promoted officers of the NCS at the organisation’s headquarters in Abuja.
“We are now in 2024 and we face daunting challenges. Our challenges are in an economy that continuously looks forward to the Nigeria Customs Service to generate revenue to fund the national budget.
“As at the last time, if it has not changed, the revenue projection for Customs in 2024 stands at N5.1tn,” he stated, stressing that officers of the NCS must work hard to achieve this.
“As we start the new year, I want our newly promoted officers, working with other officers, to lead the charge for the realisation of this target. I want all of us to bring our stakeholders to the heart of our operations.
“We have a country where economic operators, importers and exporters depend a lot on our processes, commitment and efficiency to run their own business. We cannot afford to disappoint these stakeholders.
“We cannot afford to disappoint the economy and the President, who has given us this opportunity and special privilege to be in charge of this critical aspect of our economic development. So I want you to lead the charge with integrity at the back of our mind,” Adeniyi stated.
On December 11, 2023, Adeniyi had during his appearance before the House of Representatives Committee on Appropriations, stated that the Customs had a revenue target of over N5tn in 2024, but the lawmakers pushed for N6tn.
The customs boss had explained that the major source of revenue for the service was duty charged on all goods imported into the country.
He also stated that another revenue source that the Customs was trying to improve was the excise duty charged on locally produced goods.
