WorldStage– The Senate Committee on Customs and Excise, on Monday, approved a ₦11 trillion revenue target for the Nigeria Customs Service (NCS).
The upper chamber also approved N1.235 trillion expenditure estimate for the 2026 fiscal year, expressing confidence that the agency would sustain its reform programme and improve collections in spite of the mounting global economic uncertainties.
The approval came after the Comptroller-General, Nigeria Customs Service, Mr Adewale Adeniyi, defended the Service’s 2026 budget before the committee at the National Assembly.
Lawmakers commended the agency for exceeding its 2025 revenue target while acknowledging the external challenges confronting international trade.
Chairman of the Senate Committee on Customs and Excise, Sen. Isah Jibrin, described the proposed revenue target as ambitious but achievable.
He urged the Customs leadership to intensify efforts towards meeting the projection.
He also applauded President Bola Tinubu for extending the tenure of the Comptroller-General, saying the decision would enable the Service to consolidate the reforms already transforming Customs operations.
“I want to appreciate the President of the Federal Republic of Nigeria for extending the service of the Comptroller-General of Customs.
“Since assuming office, he has embarked on far-reaching reforms that have resulted in improved revenue generation, stronger anti-smuggling operations and better trade facilitation,” Jibrin said.
“I believe the additional period granted to him will enable him to fully consolidate these reforms and place the Nigeria Customs Service on a sustainable path.”
The committee chairman noted that the Federal Government’s aggressive investment in infrastructure had increased the demand for internally generated revenue, making Customs one of the most strategic agencies in financing national development.
“The NCS remains one of the biggest revenue-generating agencies in the country. That places enormous responsibility on the Service, and I urge the management to work even harder to achieve its ambitious revenue target for 2026,” he added.
Responding, the Comptroller-General thanked the President for the confidence reposed in him and expressed appreciation to members of the committee for interrupting their legislative recess to consider the agency’s budget proposal.
“We appreciate this sacrifice and do not take it for granted. We have always enjoyed the guidance and support of this distinguished committee and we look forward to sustaining that cordial relationship,” he said.
Reviewing the Service’s performance in 2025, the Customs boss disclosed that the National Assembly approved a revenue target of N6.584 trillion, but the agency realised N7.277 trillion during the year.
He said the collection exceeded the target by N674.1 billion, representing a 10.24 per cent increase over the approved projection.
According to him, the impressive performance was achieved in spite of the several fiscal policy interventions and global economic disruptions that constrained revenue generation.
Among the major factors he identified were the suspension of excise duty on telecommunications services, delayed implementation of the Green Tax, import duty waivers granted on compressed natural gas (CNG) and electric vehicles.
The Comptroller-General also cited the lingering effects of the Russia-Ukraine conflict, which disrupted imports of strategic commodities such as wheat and affected Customs collections.
Although the agency surpassed its revenue target, he disclosed that Customs received only N808.86 billion, representing 71.46 per cent of its approved N1.132 trillion expenditure budget for 2025.
For 2026, Adeniyi said the Service was projecting a total revenue of N11.074 trillion.This, he said comprises N5.542 trillion from Federation Account revenue, N1.491 trillion from non-Federation collections, N2.773 trillion from Import VAT and N1.266 trillion from the four per cent Free-on-Board (FOB) cost of collection.
REPS
In a similar development, the House of Representatives Committee on Customs and Excise has adopted the Nigeria Customs Service (NCS) 2026 budget, including a revenue target of N11.07 trillion for the financial year.
The adoption followed an overwhelming majority vote by members of the committee during a budget defence session on Monday in Abuja.
Presenting the budget proposal, Comptroller-General of Customs, Mr Adewale Adeniyi, said the revenue target comprised N5.54 trillion for the Federation Account, N1.49 trillion for Non-Federation revenue, N2.77 trillion for Import VAT and N1.266 trillion for Free-On-Board (FOB).
Adeniyi recalled that the service exceeded its 2025 revenue target of N6.58 trillion by generating N7.25 trillion, representing an increase of N1.153 trillion or 18.89 per cent above the approved target.
For the 2026 fiscal year, he proposed a capital expenditure of N681.69 billion, including N33.57 billion for new projects, N407.87 billion for supplies, N164.70 billion for ongoing works and N1.23 billion for liabilities.
He said a total of N307.77 billion was earmarked for overhead costs to cover the day-to-day administrative expenses of the service.
According to him, N20 billion is allocated for staff loans and advances, while N8.62 billion will fund maintenance of buildings, plants, generators, aircraft, sea boats, vehicles and office equipment.
Adeniyi added that N6 billion would be spent on utilities, office supplies, computer consumables, printing of security documents, medical supplies, uniforms and training materials.
He said N421.70 billion had been proposed for personnel costs covering 15,569 existing personnel and 3,927 officers expected to be recruited.
According to him, N355.39 billion is allocated for salaries and allowances, while N15.16 billion is provided for employer contributions under the National Pension Scheme.
The customs boss said the service received N808.86 billion out of its approved 2025 budget of N1.132 trillion, representing 71.42 per cent implementation.
He said N116.78 billion was spent on overheads, N268.82 billion on capital projects and N205.54 billion on concessionaires.
In his remarks, Chairman of the Committee, Rep. Leke Abejide (APC-Kogi), said the committee had reviewed the 2025 budget performance and the 2026 proposal before adopting it as a working document.He added that the committee would present its report to the House for consideration and final legislative approval on Wednesday.
