The Nigeria Customs Service (NCS) has recorded N3.7 trillion revenue in the first half of 2025, surpassing its budgetary projection by 12.5 percent and posting a 25 percent rise compared to the same period in 2024.
The Minister of Finance and Coordinating Minister of the Economy, Wale Edun, revealed this during the 62nd meeting of the Customs Board, according to a statement by Mohammed Manga, Director of Information and Public Relations at the ministry.
Edun attributed the robust performance to key reforms introduced by the current administration, including the National Single Window initiative, which is aimed at improving trade facilitation.
Customs’ revenue for the first quarter of 2025 stood at N1.3 trillion, more than double the N600 billion collected in the corresponding period last year. The Service credited the achievement to increased efficiency, transparency, and stronger enforcement measures.
The Federal Government had initially set a revenue target of N6.584 trillion for Customs in 2025, but the Senate Committee on Customs, in June, raised the figure to N10 trillion.
While commending the Service, Edun stressed the need for deeper reforms to meet these ambitious goals.
He said the National Single Window—a digital trade platform scheduled for full deployment by 2026—would significantly reduce bottlenecks in the import and export process, cut costs, and enhance Nigeria’s competitiveness as a trade hub.
“The National Single Window will give Customs the speed and capacity to process trade more effectively, boosting revenue and positioning Nigeria as a more attractive destination for investment,” Edun stated.
The minister reiterated the government’s commitment to modernising trade systems and sustaining revenue growth as Customs continues to outperform expectations.
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