Nigerian Customs generates N4.2tn revenue in 9 months

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The Nigeria Customs Service said it has generated N4.2 trillion as revenue in the first nine months of 2024.

The Comptroller General of NCS, Bashir Adeniyi disclosed this in a workshop held in Lagos on Saturday.

Adeniyi, represented by the Comptroller Customs Area Controller, Tincan Island Port Command, Dera Nnadi, boasted that the service had already surpassed 2022, and 2023 revenue generation.

CGC said that the service plan is to surpass its 2024 target of N5.3 million by the end of the year.

“What this means is that we have already surpassed our 2023 collection by over N1 trillion even though the year has not yet ended. This will enable you to understand the enormity of the progress that we have made leveraging digital technology.

“Let me also try to relate this to our 2022 revenue. The Service was able to collect N2.6 Trillion in 2022. So, you can see that we are making steady progress and this is possible because we are deploying digitalization, ICT and innovation in our business process”, he stated.

Recall that total revenue generated in Nigeria in 2023 stood at N12.37 trillion according to the Federal Inland Revenue Service.

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