The Nigeria Customs Service (NCS) has been tasked with generating ₦6 trillion within the next six months in order to meet the federal government’s ambitious 2025 revenue target.
According to official figures, the agency is expected to deliver record-breaking collections, a goal analysts say underscores the administration’s heavy reliance on non-oil revenue to fund national development.
The NCS has already ramped up border enforcement and digital reforms to block leakages, while also introducing new measures to expand its revenue base. However, industry stakeholders have expressed concern over the feasibility of raising such a huge sum in a short timeframe, citing economic headwinds and declining import volumes.
Insiders at Customs insist that with stronger compliance, improved trade facilitation, and continued crackdown on smuggling, the target can be achieved.
The performance of the NCS in the second half of the year will be closely watched as government finances remain under pressure.
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