The Nigeria Customs Service (NCS) has set a revenue target of N11.074 trillion for the 2026 fiscal year, almost doubling its 2025 target of N6.584 trillion and building on a performance that exceeded expectations by N674 billion.
The Comptroller-General of Customs, Bashir Adewale Adeniyi, disclosed this on Monday during the agency’s budget defence before the Senate and House of Representatives Committees on Customs.
Adeniyi also revealed that the Service generated N7.277 trillion in 2025 against a target of N6.584 trillion, representing an excess of N674 billion or about 10.24 per cent positive variance.
His overall figure aligns with other reports that the Service collected roughly N7.28 trillion in 2025, surpassing its annual target by nearly N700 billion and marking a 19 per cent year-on-year increase over the N6.1 trillion collected in 2024.
He said that as of May 31, 2026, the Service had already realised N4.43 trillion of the projected 2026 revenue target, indicating that the Customs agency was about 40 per cent into its annual goal within the first five months of the year.
For the 2026 fiscal year, the Customs Service proposed an expenditure profile of N1.235 trillion, comprising N421 billion for personnel cost, N307 billion for overhead and N565 billion for capital expenditure.
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Looking ahead, the Customs boss expressed confidence in surpassing the 2026 target despite global economic uncertainties.
“In 2026, despite the major Elephant in the room, which is the crisis in the Middle East, Customs is determined to achieve its revenue target of N11.074 trillion or even surpass it,” he said.
Elated by the ambitious revenue projection for 2026, the chairman of the committee, Senator Jibrin Isah (Kogi East), congratulated the customs boss on the six-month tenure extension given to him by President Tinubu in June.
“Customs under your leadership has been transformed through a series of revenue-generating reforms, improved anti-smuggling measures, improved trade facilitation and provision of required infrastructure for ease of doing business.
“Please work harder in 2026 to actualise your budget dreams and projections,” he said.
The committee subsequently approved the 2026 budget proposal of the Nigeria Customs Service by voice vote, with all members in attendance supporting it.
