By Nkechi Eze
The Nigeria Customs Service (NCS) has received praise for its significant contribution to Nigeria’s economic recovery, especially as the Federal Government aims to spend ₦48 trillion in 2025. The NCS has been working tirelessly to enhance trade facilitation, including implementing Post-Clearance Audit and Authorized Economic Operator programmes, in collaboration with the World Customs Organization (WCO).
Nigeria’s Minister of Finance, Mr. Olawale Edun, emphasized the crucial role of the Nigeria Customs Service (NCS) during its 61st quarterly board meeting held on December 18 at the Customs House in Abuja. This meeting came on the heels of President Bola Ahmed Tinubu’s presentation of the 2025 budget, dubbed “A Budget of Restoration,” to the National Assembly.
The budget projects ₦35 trillion in revenue, with the NCS expected to play a critical role. Speaking further on the NCS’s performance, Mr Edun disclosed that the agency had generated over ₦5 trillion by November 2024.
“The NCS and other revenue bodies have performed remarkably well,” he said, linking the success to reforms introduced by President Tinubu.
The Honourable Minister further revealed that the government plans to secure concessionary loans, grants, and development support to fund the remaining ₦13 trillion.
Mr. Edun also noted that the board reviewed the NCS’s 2024 achievements, approving the recruitment of 3,927 officers and granting special promotions to top-performing personnel to bridge gaps and enhance trade facilitation.
“The NCS has excelled in suppressing smuggling and fostering trade, crucial for growth and job creation,” he added.
Mr. Wale Edun, wrapped up his address by encouraging Customs officers to stay focused on achieving the country’s objectives. He stressed the critical role the agency plays in reducing poverty and driving economic growth, underscoring the importance of their contributions to Nigeria’s overall development.
