The Nigeria Customs Service has posted a major revenue boost under its Authorised Economic Operator programme, with collections rising by ₦362.79 billion — a 29.68% jump — from ₦1.222 trillion to ₦1.585 trillion among 51 certified firms as of October 2025.
The scheme now accounts for 21.77% of total customs revenue, which stood at ₦7.281 trillion in 2025. Customs duties from participating firms also surged by 85.66%, driven by stronger compliance and higher volumes of legitimate trade.
Performance data shows compliance levels averaging 85.45%, with some operators hitting full compliance. The programme aligns with global best practices under the World Customs Organization SAFE Framework and the Nigeria Customs Service Act, reinforcing transparency and accountability.
Trade facilitation gains are equally sharp. Cargo clearance time has dropped from 168 hours to just 41 hours — a 75.6% reduction. Operating costs for participating firms declined by 57.2%, while demurrage payments plunged by 90%, easing pressure on foreign exchange and curbing capital flight. Overall trade efficiency improved by over 77% through digital processes, simplified procedures and risk-based controls.
Several major operators — including Coleman Technical Industries, WACOT Rice, ROMSON Oil Field Services, Chi Farms, Cormart, PZ Cussons, Nigerian Bottling Company and MTN Nigeria Communications Plc — collectively remitted over ₦1 billion voluntarily after internal reviews uncovered discrepancies. Customs says this reflects growing trust in post-clearance audits and a shift toward voluntary compliance.
However, enforcement has tightened. The Comptroller-General, Bashir Adewale Adeniyi, has ordered the immediate suspension of a newly certified AEO firm over false declaration of consignments, signalling zero tolerance for abuse of the scheme.
