Customs Generates N1.75 Trillion Into Govt Coffers In Three Months
By Sulaimon Salau
The Nigeria Customs Service (NCS), has generated over ₦1.75 trillion into the Federal Government coffers in the first quarter of 2025.
The Comptroller-General of Customs, Bashir Adewale Adeniyi disclosed this to journalists during a press conference in Abuja. He said the officers worked tirelessly at borders and ports nationwide in the first quarter of 2025.
“ I’m proud to report we’ve made real progress on multiple fronts – from increasing revenue collections to intercepting dangerous shipments.
“The numbers we’re releasing today show concrete results from the reforms initiated under President Bola Ahmed Tinubu’s administration and the supervision of the Minister of Finance and coordinating minister of the Economy, Olawale Edun’s leadership”.
He said “I’m pleased to report the Service’s revenue collection for Q1 2025 totaled
₦1,751,502,252,298.05 (One Trillion, Seven Hundred and Fifty-One Billion, Five Hundred and Two Million, Two Hundred and Fifty-Two Thousand, Two Hundred and Ninety-Eight Naira, Five Kobo).
“Against our annual target of ₦6,580,000,000,000.00, the first quarter’s proportional benchmark stood at ₦1,645,000,000,000.00. I’m proud to announce we’ve exceeded this target by ₦106.5 billion, achieving 106.47% of our quarterly projection.
“This outstanding performance represents a substantial 29.96% increase compared to the same period in 2024, where we collected
₦1,347,705,251,658.31.
“Our month-by-month analysis reveals even more encouraging details of this growth trajectory. January’s collection of ₦647,880,245,243.67 not only surpassed its monthly target of ₦548.33 billion by 18.12%, but also showed a remarkable 65.77% year-on-year growth.
“February’s ₦540,105,439,535.18 exceeded its target by 1.3% while achieving 19.97% growth over 2024 figures. March maintained this positive trend with ₦563,516,567,519.20, delivering 2.7% above target and an 11.22% improvement over March 2024.
“These results substantiate our effective measures to curb revenue losses while streamlining compliant trade. The 29.96% annual increase and steady monthly collections confirm our strategy is working. We’ll maintain this momentum through rigorous enforcement and strengthened partnerships” he stated.
Adeniyi maintained robust anti-smuggling operations during the first quarter of 2025, recording 298 seizures with a total Duty Paid Value (DPV) of ₦7,698,557,347.67. This represents a significant 78.41% increase compared to the ₦4,315,162,568.35 recorded in Q4 2024, demonstrating heightened operational effectiveness.
“However, when compared to Q1 2024’s ₦9,587,256,998.05, the service observed a 19.70% reduction in DPV, attributable to improved compliance through sustained stakeholder engagement and the deterrent effect of our enforcement activities.
“Rice remained the most prevalent seized commodity, with 159 cases involving 135,474 bags valued at ₦939,309,698.00. Petroleum products followed with 61 seizures totaling 65,819 liters (₦43,336,160.81 DPV).
“Of particular note were 22 narcotics interceptions valued at ₦730,748,173.00, reflecting our intensified focus on combating drug trafficking.
“The Service also recorded three high-value wildlife product seizures with a remarkable ₦5,653,522,600.00 DPV, underscoring both the lucrative nature of this illegal trade and our commitment to environmental protection under international conventions”.
According to him, other notable seizures included textile fabrics (13 cases, ₦134,219,330.00 DPV), retreaded tires (5 cases, ₦104,599,000.00 DPV), and pharmaceuticals (1 case, ₦17,188,000.00 DPV).
These comprehensive results, he said, demonstrated the service’s vigilance across all categories of prohibited and restricted goods.
Adeniyi assures that trade facilitation remains a core focus of Customs operations, as it continues striving to balance its revenue collection and enforcement responsibilities with the need to promote legitimate trade.
“During the first quarter of 2025, the Service processed a total of 327,928 Single Goods Declarations (SGDs) for imports, handling goods with a total mass of 4,910,640,283.33 kilograms and a Cost, Insurance, and Freight (CIF) value of ₦14,807,960,201,235.00.
“This represents a 5.28% increase in the number of import transactions compared to the 311,492 SGDs processed in Q1 2024, reflecting growing confidence in our trade facilitation measures.
“The significant 40.14% increase in the mass of imports processed (from 3,504,173,117.33 kg in Q1 2024) demonstrates robust growth in import volumes, while the 26.72% increase in CIF value (from ₦11,685,677,810,129.00 in Q1 2024) indicates a shift towards higher-value goods.
“In Q1 2025, the Service processed 8,153 export shipments (SGDs), representing a 6.4% decrease from Q4 2024 (8,710 SGDs) and a 24.4% decline from Q1 2024 (10,786 SGDs).
“Despite fewer transactions, export mass reached 5.03 billion kilograms – a 10% reduction from Q4 2024’s 5.58 billion kg but a remarkable 348% increase from Q1 2024’s 1.12 billion kg. The CIF value stood at ₦21.51 trillion, showing a 19% increase from Q4 2024’s ₦18.07 trillion while remaining stable compared to Q1 2024’s ₦21.58 trillion.
“This data clearly suggestive of Nigeria’s accelerating shift toward bulk commodity exports, with significantly larger shipments being processed through fewer transactions, while maintaining consistent total export value – reflecting both changing trade patterns and improved processing efficiency in our export systems” he stated .
Adeniyi said the total trade value handled by the Service in Q1 2025 amounted to
₦36,317,925,576,290.00, demonstrating Nigeria’s substantial participation in international trade despite global economic challenges.
He said the Service has achieved several significant milestones in our modernization and institutional development agenda.
He listed the feats to include: B’Odogwu Platform Expansion; Authorized Economic Operators (AEO) Programme; Corporate Social Responsibility Programme; Support for Government Food Security Initiatives.
