Nigeria Customs generated ₦4.03trn in first half of 2026 – CG Adeniyi

The Comptroller General of Customs, CG Bashiru Adewale Adeniyi Tuesday acknowledged that the Nigeria Customs Service has collected about ₦4.03 trillion of its 2026 goal of ₦11.07 trillion within the first half of this 12 months

CG Adeniyi  acknowledged this whereas delivering a lecture titled: “Why Customs Matters: Revenue, Security and Nationhood in a Borderless World” on the Trenchard corridor, University of Ibadan on the third Distinguished Personality lecture of the TETFUND Centre of Excellence in Security Management (TECESM), University of Ibadan.

He acknowledged that the Nigeria Customs service is set to pursue the goal by way of compliance, knowledge and facilitation, not by way of harassment on the ports, as a result of a goal met by choking commerce can be a false victory.

“Our 2026 target of ₦11.07 trillion is demanding. We collected about ₦4.03 trillion in the first half, while tensions in the Middle East slowed cargo. We will pursue the target through compliance, data and facilitation, not through harassment at the ports, because a target met by choking trade would be a false victory”, he mentioned

CG Adeniyi added, ” The Service collected about ₦3.2 trillion in 2023, ₦6.105 trillion in 2024 and ₦7.28 trillion in 2025, towards a goal of ₦6.58 trillion”.

“The better test is 2025, when the exchange rate was steadier. Revenue still grew by about 19 per cent and beat its target. Firms certified under our Authorised Economic Operator programme raised their revenue contribution by about 30 per cent. That is growth from compliance and better systems, and it is the growth we want.”

He acknowledged that some have attributed this development to the alternate price alone, including, ”  Currency adjustment performed its half, since obligation is assessed in naira. But alternate charges don’t catch undervaluation, shut leakages or clear compliant merchants sooner. Better valuation, sharper threat administration, digital platforms and tighter enforcement did that work.”