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VI
Customs Generates ₦4.03trn In H1, Races Towards ₦11trn 2026 Target
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THEWILL NEWS MEDIA
Customs is also seeking changes to import waivers and concessions and a review of the Nigeria Customs Service Act 2023 as it balances higher revenue collection with trade facilitation.
August 11, (THEWILL) — The Nigeria Customs Service generated ₦4.03 trillion in revenue in the first half of 2026, placing the agency on a strong trajectory towards its ₦11.074 trillion full-year revenue target.
READ ALSO: End Border Bottlenecks Now,’ ECOWAS Parliament Tells Member States, Seeks Unified Customs, Tax Rules Across West Africa₦11trn target aheadCustoms set a revenue target of ₦11.074 trillion for 2026, significantly above its ₦6.584 trillion target for 2025.
The Senate approved the Service’s 2026 budget and revenue target on July 8.
Adeniyi has also called for a post-implementation review of the Nigeria Customs Service Act 2023.