The Minister of Finance and Coordinating Minister of the Economy, Mr. Wale Edun, has commended the Nigeria Customs Service (NCS) for recording ₦1.75 trillion in revenue in the first quarter of 2025.
Edun urged the NCS to intensify its efforts, thereby boosting productivity and contributing to Nigeria’s economic development.
He made these remarks at the 62nd regular meeting of the Customs Board held at the Service’s Headquarters in Maitama, Abuja, on Tuesday.
Edun, who chaired the session, led a high-powered delegation to assess the NCS’ first-quarter performance and chart a path forward.
The board meeting served as a statutory forum to evaluate the Service’s operational strategies, fiscal contributions, and reform-driven activities, particularly in light of its Q1 2025 performance.
“During the quarter, the NCS recorded a historic ₦1.75 trillion in revenue, exceeding its target by ₦106.5 billion and marking a nearly 30% increase compared to the same period in 2024,” the Service noted.
In his remarks, Minister Edun expressed satisfaction with the Service’s progress and emphasised the need to scale up efforts to meet the country’s economic demands.
“As expected and required, there is an improvement in the revenue of the Service, which is slightly above what was budgeted for the first quarter. However, much more is required, and more is expected of an institution that is pivotal in revenue,” he stated.
Edun described the board meeting as productive and reaffirmed the importance of open governance and accountability within public institutions.
“It was a good meeting. It’s important that we maintain corporate governance oversight and consultation through these regular statutory meetings. At the end of the day, we will always ask that we do more to improve revenue and the Service’s operations to aid the Nigerian economy and serve the good people of Nigeria,” the Minister remarked.
The meeting also focused on modernisation initiatives such as expanding the B’Odogwu (Unified Customs Management System), implementing the Authorised Economic Operators (AEO) programme, and enhancing anti-smuggling efforts—all aimed at boosting trade facilitation and national security.
