Home News Senate Jerks Customs Revenue Target to N10 trillion 

Senate Jerks Customs Revenue Target to N10 trillion 

by Our Reporter
By Lizzy Chirkpi
The Senate has increased the Nigeria Customs Service (NCS) 2025 revenue target from the proposed N6.584 trillion to N10 trillion, following the agency’s strong revenue performance in 2024.
The Senate made the declaration on Monday, June 23,  2025 during the NCS’s 2025 budget defence before the Senate Committee on Customs, chaired by Senator Isah Jibrin (APC, Kogi East).
This is just as he commended the agency for surpassing its 2024 revenue target of N5.079 trillion by over a trillion naira.
The Chairman of Committee and its members expressed optimism in the service ability to achieve more as they unanimously approved the 2025 revenue target and expenditure proposal presented by the NCS. The agency’s 2025 expenditure was put at N1.132 trillion. These figures will be presented at the Senate plenary within the week as lawmakers resume from their Sallah recess on Tuesday, June 24.
Meanwhile the Committee Chair, tasked NCS to step up a strong team and build capacity of officers to curb smuggling and the trafficking of illicit drugs into the country.
“There is a high prevalence of illicit drugs in circulation, which is fuelling criminal activities like banditry. Many of these perpetrators are under the influence of drugs. In addition to revenue generation, Customs must prioritise its role in national security.
“The President has urged Nigerians to consume what we produce. The goal is to reduce importation to essentials. Many smuggled goods can be manufactured locally, even in their most basic form.
“This will not only boost our economy but also create employment opportunities and reduce pressure on the naira,” Senator Jibrin stated.

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