The Nigeria Customs Service (NCS) has recorded a revenue of ₦3.7 trillion in the first half of 2025, exceeding expectations and putting the agency on a strong path toward meeting its ambitious full-year goals.
The figure represents a 12.5% increase above the budgeted target and is 25% higher than collections during the same period in 2024.
The announcement was made by the Minister of Finance and Coordinating Minister of the Economy, Wale Edun, during the 62nd meeting of the Customs Board in Abuja. The development was confirmed in a statement issued by Mohammed Manga, Director of Information and Public Relations at the Federal Ministry of Finance.
Digital Reforms Drive Record Revenue
Edun credited the strong revenue performance to ongoing reforms by the Tinubu administration, particularly the implementation of the National Single Window initiative, a digital trade facilitation platform set to launch fully in 2026.
In the first quarter of 2025 alone, Customs collected ₦1.3 trillion, more than double the ₦600 billion recorded during the same period last year. The agency attributed the milestone to enhanced efficiency, transparency, and enforcement.
“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 hub for investment,” Edun said during the board meeting.
The platform is designed to streamline import and export processes, cut down clearance delays, reduce operational costs, and increase Nigeria’s competitiveness in global trade.
Revenue Targets Raised to ₦10 Trillion
The federal government originally set a revenue target of ₦6.584 trillion for Customs in the 2025 fiscal year. However, in June, the Senate Committee on Customs revised the goal upward to ₦10 trillion, citing the Service’s outstanding performance and Nigeria’s urgent need to grow non-oil revenue.
Describing the half-year figures as “commendable,” Edun called for deeper structural reforms and continued support for the digital transformation agenda to ensure that revenue generation keeps pace with the government’s economic recovery plan.
Commitment to Modernisation and Growth
The Finance Minister reaffirmed the administration’s commitment to modernising trade systems as a cornerstone of Nigeria’s broader economic reform strategy. He noted that as Customs continues to exceed expectations, the federal government remains focused on building a more transparent, technology-driven revenue collection framework.
With over ₦3.7 trillion already collected halfway through the year, analysts believe the NCS is on track to not only meet but possibly surpass its new ₦10 trillion target a development that could significantly boost government revenue in a time of constrained oil earnings and heightened spending needs.
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