The Nigeria Customs Service (NCS) generated a total of N3.7 trillion in revenue within the first half of 2025, surpassing both budgetary expectations and last year’s performance.
This was disclosed by the Minister of Finance and Coordinating Minister of the Economy, Mr. Wale Edun, during the 62nd meeting of the Customs Board in Abuja. The information was contained in a statement released by the Director of Information and Public Relations of the Federal Ministry of Finance, Mr. Mohammed Manga.
According to Edun, the half-year revenue represents a 12.5 percent increase above budgetary projections and a 25 percent growth compared to the same period in 2024. He attributed the achievement to the ongoing reforms of the current administration, particularly the implementation of the National Single Window initiative, which is reshaping Nigeria’s trade processes.
Customs’ first-quarter 2025 performance stood out significantly, with the Service collecting N1.3 trillion, more than double the N600 billion generated in the same quarter of 2024. The Service credited this sharp rise to improvements in efficiency, transparency, and stricter enforcement measures.
The Federal Government had earlier set the Customs Service a revenue target of N6.584 trillion for the 2025 fiscal year. However, in June, the Senate Committee on Customs raised the target to N10 trillion, reflecting the administration’s ambitious drive to boost non-oil revenue.
Describing the half-year performance as “commendable,” the minister called for deeper reforms to help the Service meet the revised target. He further highlighted the National Single Window Initiative—a digital trade platform scheduled for full rollout in 2026—as a game-changer for Nigeria’s trade environment.
“The National Single Window will give Customs the speed and capacity to process trade more effectively, boosting revenue and positioning Nigeria as a more attractive hub for investment,” Edun stated.
He reaffirmed the Federal Government’s commitment to modernising trade systems, improving transparency, and strengthening revenue generation, noting that Customs’ performance continues to surpass expectations under the current reform agenda.
