Finance Minister Commends Customs For Surpassing Revenue Target

The Finance Minister, Wale Edun, has commended the Nigeria Customs Service for surpassing...

The Finance Minister, Wale Edun, has commended the Nigeria Customs Service for surpassing its revenue target by 20 per cent, describing the service’s performance as outstanding.

Speaking at the 4th World Customs Organization (WCO) Donors Conference for the West and Central Africa (WCA) Region, Edun said Customs had achieving a 90 per cent increase in revenue collection.

“I am proud to commend the Nigeria Customs Service for its remarkable performance—achieving a 90 per cent increase in revenue collection and surpassing its target by 20 per cent,” the minister said while declaring the conference open.

“These achievements, driven by modernised processes and WCO-supported initiatives, illustrate how strategic investments and technology can revolutionise trade and strengthen regional integration.”

On his part, the Comptroller-General of Customs, Adewale Adeniyi, addressed the persistent technical and operational challenges confronting customs administrations in the region.

He identified limited digital infrastructure and poor interconnectivity among key issues hindering trade facilitation.

“Our region faces significant hurdles, from the rapid evolution of e-commerce to the complexities of technical procedures,” Adeniyi said.

“However, Nigeria has made innovative strides with initiatives such as deploying the indigenously developed B’Odogwu platform, installing advanced scanners, and the comprehensive training of over 5,000 officers.”

Adeniyi further outlined five strategic initiatives requiring donor support. These include adopting artificial intelligence for anti-smuggling operations, developing a Regional Single Window system, and expanding digital infrastructure to enhance inter-agency collaboration and trade transparency.

The conference brought together distinguished delegates, including Ebenezer Tafili, representing the Secretary General of the WCO; Amadou Konaté, Vice-Chair of WCO-WCA and Director-General of Mali Customs; Ambassador Mohammed Mohammed, Director-General of the National Intelligence Agency; along with several heads of customs, donor agencies, Nigeria owned Trade Modernisation Project (TMP) Limited, diplomatic representatives, and industry stakeholders.

TLD Newsletter

Get the latest legal news, key cases, top lawyers, and expert analysis for your legal journey.

RELATED ARTICLES

FG sets Dec 20 Deadline to Pay Contractors

The Federal Government on Thursday moved to calm rising tensions among road contractors, assuring that

Tinubu Nominates ex-Rivers Administrator Ibas, Dambazau, Others as Ambassadors

President Bola Tinubu has forwarded a new batch of non-career ambassadorial nominees to the Senate.

Nigeria Must Protect Democracy as Sahel Faces Coups – Ribadu

National Security Adviser, Nuhu Ribadu, on Thursday warned that Nigeria must protect its democratic system

Capital Gains Tax to Make Market More Competitive, Investor-Friendly — Oyedele

The new Capital Gains Tax will make the capital market more competitive and investor-friendly, the

Tinubu Postpones S’Africa, Angola Trips Over Kebbi, Kwara Attacks

President Bola Tinubu has postponed his scheduled trip to South Africa for the G20 Leaders’

2026 Budget Delays Spark Fiscal Spending Concern, Uncertainty

With the timelines of the 2026 budget still remotely uncertain, a wave of tension is

TLD Newsletter

Get the latest legal news, key cases, top lawyers, and expert analysis for your legal journey.

This Pop-up Is Included in the Theme
Best Choice for Creatives

Purchase Now

TLD Newsletter

Get the latest legal news, key cases, top lawyers, and expert analysis for your legal journey.