The Senate Committee on Customs and Excise, on Monday, approved a N11 trillion revenue target for the Nigeria Customs Service, NCS.
The upper chamber also approved N1.235 trillion expenditure estimate for the 2026 fiscal year, expressing confidence that the agency would sustain its reform programme and improve collections in spite of the mounting global economic uncertainties.
The approval came after the Comptroller-General, Nigeria Customs Service, Mr Adewale Adeniyi, defended the Service’s 2026 budget before the committee at the National Assembly.
Lawmakers commended the agency for exceeding its 2025 revenue target while acknowledging the external challenges confronting international trade.
Chairman of the Senate Committee on Customs and Excise, Sen Isah Jibrin, described the proposed revenue target as ambitious but achievable.
He urged the Customs leadership to intensify efforts towards meeting the projection.
He also applauded President Bola Tinubu for extending the tenure of the Comptroller-General, saying the decision would enable the Service to consolidate the reforms already transforming Customs operations.
“I want to appreciate the President of the Federal Republic of Nigeria for extending the service of the Comptroller-General of Customs.
“Since assuming office, he has embarked on far-reaching reforms that have resulted in improved revenue generation, stronger anti-smuggling operations and better trade facilitation,” Jibrin said.
“I believe the additional period granted to him will enable him to fully consolidate these reforms and place the Nigeria Customs Service on a sustainable path.”
The committee chairman noted that the Federal Government’s aggressive investment in infrastructure had increased the demand for internally generated revenue,
