Facebook Instagram Twitter Youtube
  • Home
  • News
    • National News
    • State News
  • Business
  • Features
    • Insight
    • Opinion
  • FAAC
  • Financial
    • Facts & Figures
    • Monetary
    • Tax Matters
  • Sidelines
  • Profile
  • Special Focus
Search
Sunday, May 25, 2025
  • Home
  • About
  • Adverts
  • Contact
Facebook Instagram Twitter Youtube
Sign in
Welcome! Log into your account
Forgot your password? Get help
Password recovery
Recover your password
A password will be e-mailed to you.
Economic Confidential
  • Home
  • News
    • AllNational NewsState News
      The Comptroller-General of the Nigeria Customs Service (NCS), Mr Bashir Adewale Adeniyi

      Customs Eyes $250bn in Modernisation Project, Trains 1,800 Officers on AI

      The Executive Secretary of the National Sugar Development Council (NSDC), Mr. Kamar Bakrin (R), addressing the House of Representatives Committee on Industry and other stakeholders during a one-day public hearing on the amendment of the Council’s Establishment Act while NSDC’s Head of Strategy and Performance Management (SPM), Ms. Edirin Akemu (L) looks on.

      NSDC Act Amendment to Save Nigeria $1bn Annually – Bakrin

      Nigerian National Merit Award (NNMA)

      Conscience Foundation Opposes Move to Merge National Awards

      Femi Otedola

      Otedola Applauds FG, CBN Reforms as First HoldCo Investment Hits N320bn

  • Business
    • The Comptroller General of the Nigeria Customs Service, NCS, Mr. Bashir Adewale Adeniyi

      President Tinubu’s Reforms Push Customs Revenue to  ₦1.3 trillion in Q1…

      The Comptroller-General of the Nigeria Customs Service (NCS), Mr Bashir Adewale Adeniyi

      Customs Eyes $250bn in Modernisation Project, Trains 1,800 Officers on AI

      Kaduna Electric

      Kaduna Electric Signs Strategic MoU for 100MW Solar Energy Project

      Nigerian Stock Exchange, Stock, Nigerian Exchange Limited

      NGX Loses N274bn as Equities Decline 

      Manufacturers Association of Nigeria (MAN)

      MAN Seeks CBN Intervention as Forex Dispute Worsens

  • Features
    • AllInsightOpinion
      President Bola Ahmed Tinubu

      Tinubu’s “Nigeria First” Policy and the Case for Economic Independence, by…

      Nigerian Customs Service, NCS

      Nigeria Customs and the Clampdown on Airport Cash Smuggling, by Tahir…

      Nigerian Customs Service, NCS

      OPINION: Nigeria Customs and the Currency Declaration Form – A Strategic…

      FRSC Under Fire as Nigerians Decry Endless Delays in Driver’s License…

  • FAAC
    • FAAC

      FAAC: FG, States, LGs Share N1.7tn in February

      Federal Account Allocation Committee FAAC

      FAAC: FG, States, LGs Shared N1.7trn in January

      FAAC

      N13.7trn Federation Account Revenue Unremitted by NNPCL – FAAC

      FAAC

      FAAC Revenue Declines by N303bn in December

      cbn

      Federation Account grew by 7.48% in Q3 2024

  • Financial
    • AllFacts & FiguresMonetaryTax Matters

      Nigeria Spends $1bn to Upgrade Telecom Infrastructure

      Treasury Bills

      CBN Recieves N1.17trn in Bids for Treasury Bills Auction

      Foreign Portfolio Investments

      NGX Sees 91% Drop in Foreign Transactions to N63bn

      Bonds

      FG Seeks N300bn Through Bond Auction

  • Sidelines
    • Saliu Mustapha

      Visit Kwara: Saliu Mustapha Pens Foreward For New Book Spotlighting Kwara…

      Apple Data Breach: Marketing Strategy or Security Issue

      Dangote-BUA Sugar Scarcity Feud

      Google: Expanding 2-Step Verification Enrollment

      SAEMA Awards 2021: Submit Nominees for Security and Emergency Management Awards

  • Profile
    • Sambo Dasuki

      Polo, Politics, and the Dasuki Family

      The immediate-past Director in charge of Executive Secretary’s Office at the National Sugar Development Council (NSDC), Mallam Ahmed M. Waziri.

      Ahmed Musdafa Waziri: A Quintessential Civil Servant at 60, by Abdulrahman…

      PROFILE: Ten Things to Know About New CCB Chairman, Dr Abdullahi…

      CBN's Acting Director of Corporate Communications, Hakama Sidi Ali

      Hakama Sidi-Ali: The CBN’s First Female Spokesperson and Reputation Management

      Aisha Rimi

      PROFILE: Aisha Rimi, a Square Peg in NIPC’s Square Hole

  • Special Focus
    • Point of Sale Transaction (PoS)

      SPECIAL REPORT: Cash Crunch, Exorbitant POS Charges in the Face of…

      SPECIAL REPORT: Sickle Cell Awareness- A Public Health Imperative for Nigeria,…

      Governor Abba Yusuf of Kano, President Tinubu of Nigeria and Governor Sim Fubara of Rivers

      Shambolic Local Elections: Are Governors Setting ‘Standard’ for Tinubu’s 2027 Re-Election…

      Obamodi Oluwadamilola Faith

      Palliatives Distribution: A Culture FG Must Stop By Obamodi Oluwadamilola Faith

      health care sector

      EXCLUSIVE: How Health Ministry Scuttled Plot to Frustrate Multi-billion Naira Malaria…

Home Business President Tinubu’s Reforms Push Customs Revenue to  ₦1.3 trillion in Q1 2025...
  • Business

President Tinubu’s Reforms Push Customs Revenue to  ₦1.3 trillion in Q1 2025 – CG Adeniyi 

By
economic Confidential
-
May 25, 2025
The Comptroller General of the Nigeria Customs Service, NCS, Mr. Bashir Adewale Adeniyi
The Comptroller General of the Nigeria Customs Service, NCS, Mr. Bashir Adewale Adeniyi

Statehouse Press Statement

President Tinubu’s Reforms Push Customs Revenue to  ₦1.3 trillion in Q1 2025 – CG Adeniyi 

Your browser does not support the video tag.

The Nigeria Customs Service (NCS) has recorded an unprecedented revenue of ₦1.3 trillion in the first quarter of 2025, more than double the ₦600 billion collected during the same period in 2023.

Comptroller-General of Customs Bashir Adewale Adeniyi attributed this remarkable growth to transformative reforms under President Bola Tinubu’s Renewed Hope Agenda, as revealed in an upcoming State House documentary marking the President’s second anniversary.

Adeniyi highlighted that the revenue surge emanated from improved technological deployment, enhanced port operations, tightened enforcement on revenue leakages, and a renewed culture of accountability across Customs commands.

“We collected ₦1.3 trillion in Q1 2025 alone. This is not due to higher import volumes. Imports have dropped due to foreign exchange constraints. What has changed is efficiency, transparency, and enforcement,” the Comptroller-General said.

He disclosed that the Service is preparing to launch the E-Customs Modernisation Project. This $3.2 billion initiative will digitise cargo processing, surveillance, and payment systems across Nigeria’s ports and borders.

“We’re laying the foundation to move from a manual, paper-based system to a fully digital service. The E-Customs Project is central to our future. Once fully deployed, we project it will add $250 billion in cumulative revenue over 20 years,” he said.

Adeniyi added that the newly launched Authorised Economic Operator (AEO) Programme is now onboarding pre-vetted importers, allowing compliant businesses faster processing and reducing port congestion.

“It’s about trust and efficiency. If you’re compliant, you get green-lane treatment. This is how modern customs systems work globally,” he said

The Customs CG confirmed that the Service has intensified its anti-smuggling operations and closed long-standing revenue leakages.

Read Also:

  • Customs Eyes $250bn in Modernisation Project, Trains 1,800 Officers on AI
  • NSDC Act Amendment to Save Nigeria $1bn Annually – Bakrin
  • Kaduna Electric Signs Strategic MoU for 100MW Solar Energy Project

He said over ₦64 billion was recovered from previously under-assessed or undervalued imports in the last nine months, and major smuggling rings at the Seme, Idiroko, Katsina, and Sokoto borders have been dismantled.

He said the new joint border patrol task forces established in coordination with the Nigerian Army, DSS, and Police have also yielded positive results.

“We’re no longer just chasing smugglers in the bush. We’re using data, surveillance drones, and port intelligence to act in real-time. Once systemic leakages are now being plugged,” ” Adeniyi said.

To ease trade and reduce business costs, Adeniyi disclosed that NCS is fast-tracking the roll-out of the National Single Window. This digital portal will integrate all government agencies involved in cargo clearance.

“Right now, you deal with up to 15 agencies manually. With the Single Window, you’ll do it all online, in one place. This will slash clearance time and costs,” the CG explained, adding that clearance timelines at Apapa and Tin Can Ports have already dropped from 21 days to 7–10 days for compliant importers.

The Comptroller-General said the agency has introduced fast-track lanes for agro-exports and is working with the Nigerian Export Promotion Council (NEPC) to streamline outbound cargo processes in line with the government’s push for non-oil exports.

“We’re promoting exports aggressively. Last year, Nigeria exported over ₦340 billion worth of solid minerals and agro commodities through formal channels, up by 38%. We’re targeting even more in 2025,” he said.

He stated that the Customs Service is also undergoing internal transformation, with over 1,800 officers trained in advanced data analytics, risk profiling, and artificial intelligence.

“Customs is no longer just about physical inspection. We are becoming an intelligence-led organisation, and our officers are being retrained to match global standards,” Adeniyi said.

“The President gave us a clear directive: block leakages, facilitate trade, and raise revenue without burdening Nigerians. That is what we are doing. And the results are beginning to speak for themselves.”

Bayo Onanuga, Special Adviser to the President (Information & Strategy)

May 24, 2025

spokesperson
PRNigeria.com
EconomicConfidential.com
PRNigeria.com/Hausa
EmergencyDigest.com
PoliticsDigest.ng
TechDigest.ng
HealthDigest.ng
SpokesPersonsdigest.com
TeensDigest.ng
ArewaAgenda.com
Hausa.ArewaAgenda.com
YAShuaib.com
  • TAGS
  • Adeniyi
  • AEO
  • NCS
Previous articleCustoms Eyes $250bn in Modernisation Project, Trains 1,800 Officers on AI
<a Href="https://economicconfidential.com/byline/economic-confidential/" Rel="tag">economic Confidential</a>
economic Confidential

RELATED ARTICLESMORE FROM AUTHOR

The Comptroller-General of the Nigeria Customs Service (NCS), Mr Bashir Adewale Adeniyi
Business

Customs Eyes $250bn in Modernisation Project, Trains 1,800 Officers on AI

Kaduna Electric
Business

Kaduna Electric Signs Strategic MoU for 100MW Solar Energy Project

Nigerian Stock Exchange, Stock, Nigerian Exchange Limited
Business

NGX Loses N274bn as Equities Decline 

Manufacturers Association of Nigeria (MAN)
Business

MAN Seeks CBN Intervention as Forex Dispute Worsens

Cars
Business

Auto Dealers Lament as Sales Crash Amid 126% Price Hike

Petrol, Fuel, Oil Marketers
Business

Again, Dangote Slashes Petrol Price Amid Import Surplus

Recent Posts

  • President Tinubu’s Reforms Push Customs Revenue to  ₦1.3 trillion in Q1 2025 – CG Adeniyi 
  • Customs Eyes $250bn in Modernisation Project, Trains 1,800 Officers on AI
  • NSDC Act Amendment to Save Nigeria $1bn Annually – Bakrin
  • Kaduna Electric Signs Strategic MoU for 100MW Solar Energy Project
  • Conscience Foundation Opposes Move to Merge National Awards

EDITOR PICKS

The Comptroller-General of the Nigeria Customs Service (NCS), Mr Bashir Adewale Adeniyi

Customs Eyes $250bn in Modernisation Project, Trains 1,800 Officers on AI

Business May 24, 2025
The Executive Secretary of the National Sugar Development Council (NSDC), Mr. Kamar Bakrin (R), addressing the House of Representatives Committee on Industry and other stakeholders during a one-day public hearing on the amendment of the Council’s Establishment Act while NSDC’s Head of Strategy and Performance Management (SPM), Ms. Edirin Akemu (L) looks on.

NSDC Act Amendment to Save Nigeria $1bn Annually – Bakrin

News May 24, 2025
Kaduna Electric

Kaduna Electric Signs Strategic MoU for 100MW Solar Energy Project

Business May 24, 2025

POPULAR POSTS

Nigerian Maritime

FG Loses $1bn Annually In Maritime Sector

Monetary May 19, 2020

Ajaokuta Steel Company Gets N4.3bn for Revival

Business January 9, 2017
MTN Office

MTN Nigeria Opens Offer Of N100bn Commercial Paper Issuance

Business May 29, 2020

POPULAR CATEGORY

  • Business13229
  • Monetary3024
  • News2891
  • Featured Post2760
  • Financial2715
  • Editors Pick2173
  • National News1955
  • Opinion1691
  • Features861
ABOUT US
Economic Confidential is the Abuja based Nigerian News Magazine. Economic Confidential Magazine is Factual, Authoritative and Accessible.
Contact us: [email protected]
FOLLOW US
Facebook Instagram Twitter Youtube
© 2017 Economic Confidential . All Rights Reserved.
Latest News
Customs Eyes $250bn in Modernisation Project, Trains 1,800 Officers on AINSDC Act Amendment to Save Nigeria $1bn Annually - BakrinKaduna Electric Signs Strategic MoU for 100MW Solar Energy ProjectConscience Foundation Opposes Move to Merge National AwardsTinubu's "Nigeria First" Policy and the Case for Economic Independence, by Umar Farouk BalaNigeria Customs and the Clampdown on Airport Cash Smuggling, by Tahir AhmadOPINION: Nigeria Customs and the Currency Declaration Form – A Strategic Move Against Illicit Finance Flows, by Tahir AhmadNGX Loses N274bn as Equities Decline Nigeria Spends $1bn to Upgrade Telecom InfrastructureMAN Seeks CBN Intervention as Forex Dispute WorsensAuto Dealers Lament as Sales Crash Amid 126% Price HikeCBN Recieves N1.17trn in Bids for Treasury Bills AuctionNGX Sees 91% Drop in Foreign Transactions to N63bnFG Seeks N300bn Through Bond AuctionAgain, Dangote Slashes Petrol Price Amid Import Surplus
X whatsapp