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Kingsley Joshua
The Nigerian Customs Service (NCS) has revealed that its revenue target for 2026 fiscal year is N11.074trillion which almost doubled N6.584trillion targeted in 2025 and exceeded N674billion by generating N7.277trillion.
This is as the Senate and the House of Representatives Committees on Customs, commended President Bola Ahmed Tinubu for extending the tenure of the Comptroller – General of Customs, Bashir Adewale Adeniyi for six months.
The revenue targets of Customs for 2026 fiscal year was separately made by its Comptroller – General during the budget defence session before the Senate and House of Representatives Committee.
The Comptroller – General at the committee session in the Senate, said out of the projected N11.074trillion in 2026, N4.43trillion has been realised as at 31st of May.
Expenditure proposal of Customs in 2026 according to him, is N1.235trillion out of which N421billion is earmarked for personnel cost , N307billion for overhead cost and N565billion for capital expenditure.
On budget performance for 2025, the Customs boss told the Committee that while N6.584trillion was targeted as revenue, N7. 277trillion was generated, showing an excess of N674billion about 10.24% positive variance .
He however said that Customs would have generated more in 2025 but some policies of the government like CNG / Electric Vehicles Tariff, the yet to be implemented Green Tax etc, affected its operations.
“In 2026 despite the major elephant in the room which is the crisis in the Middle East, Customs is determined to achieve its revenue target of N11.074trillion or even surpass it,” he said.
Elated by the ambitious revenue projection for 2026 and target surpassing in 2025, the Chairman of the committee, Senator Jibrin Isah (Kogi East), congratulated the Customs Boss on the six month tenure extension given him by President Tinubu last month.
“Customs under your leadership, has been transformed through a series of revenue generating reforms, improved anti – smuggling measures, improved trade facilitation and provision of required infrastructure for ease of doing business.
“Please work harder in 2026 to actualize your budget dreams and projections,” he said.
He thereafter put to voice votes among members of the committee the 2026 budget proposal of Customs as presented by its CG and got approval of all the members in attendance.
