The Nigeria Customs Service (NCS) has announced its mid-year performance report, highlighting its achievements in revenue collection, trade facilitation, and societal protection.
Despite challenges, the NCS has surpassed its half-year revenue target of N2.54 trillion, collecting N2.74 trillion, an 8% increase.
Key initiatives contributing to this success include the e-auction platform and the 90-day duty payment window for uncustomed vehicles.
The NCS has also intensified its anti-smuggling operations, making 2,442 seizures with a Duty Paid Value of N25.52 billion.
Trade facilitation remains a priority, with the NCS processing 620,467 Single Goods Declarations despite a decline in transactions.
The Service has implemented several initiatives to simplify and expedite customs processes, including automation reinforcement, capacity-building programs, and public-private partnerships.
The NCS has faced challenges, including exchange rate fluctuations and low compliance levels, but has implemented strategies to address these issues, including real-time system auditing and post-clearance audits.
The Comptroller-General of Customs, Bashir Adewale Adeniyi, commends officers and stakeholders for their roles in achieving this performance and reaffirms the NCS’s dedication to supporting government policies for a better Nigeria.
