Saturday, May 23, 2026
Home Business CUSTOMS BOSS UNVEILS 2024 BUDGET, PROJECTS EXCEEDING REVENUE GOALS

CUSTOMS BOSS UNVEILS 2024 BUDGET, PROJECTS EXCEEDING REVENUE GOALS

The Comptroller-General of the Customs, CGC Bashir Adewale Adeniyi  pledges to surpass the revenue target of 5.079 trillion naira in 2024. According to him, the revenue target for 2024 is 27.75 percent higher than the target of 2023.
He made this known while presenting the Service’s 2024 budget  to the Nigeria Senate Committee on Customs at the National Assembly in Abuja.
The CG, while defending the 2024 budget of 706.43 billion naira, focused attention on consolidating carried-over projects, increasing staff welfare by improving and motivating officers’ performance, and integrating technologies into Customs processes.
CG Bashir, however, noted that the Service had a shortfall by 12.62 percent in its 2023 revenue target, citing concessions in section 99 of the Common External Tariff (CET), import duty exemption certificates, cash crunch, general elections, and other factors affecting revenue generation negatively. He assured of a positive outcome in 2024.
Furthermore, the Comptroller-General outlined strategies to achieve the 2024 target, including implementing the National Single Window championed by the Federal Ministry of Finance.
 He  harps on strategies to agonize and standardize Customs processes, port decongestion, collaboration with other agencies for efficiency and competitiveness, anti-smuggling operations, integrating ICT into operations, investing in capacity building, and stakeholder engagement, among others.
The CG also emphasized supporting local production and taking food security seriously. He stated, “We intend to grant waivers to vehicle owners to pay duties within a specific time to avoid sanctions and to regularize the importation of vehicles through payment of duties.”
Regarding Officers’ welfare, CG Adeniyi mentioned that Officers will be encouraged in various ways to increase efficiency and improve their well-being. He stated that this would be done through awards, promotions, and payment of allowances.
He added, “The service plans to recruit 1,600 personnel in 2024. The low figure is due to the small vacancies that is  available.
These vacancies are primarily for junior staff who will carry out Customs operations and guard duties. In subsequent years, more recruitment exercises will be carried out.”
Chairman of the Senate Committee on Customs, Senator Isa Jibrin
 applauded the CG for the progress and success achieved in his brief tenure in Office, beckoning him to perform better as the house will support him in terms of remuneration and infrastructure to meet up with the 2024 target.
RELATED ARTICLES

CUSTOMS PUSHES STRONGER ALLIANCE AGAINST TERROR FINANCING, CROSS-BORDER CRIMES

The Nigeria Customs Service has intensified calls for stronger inter-agency cooperation to combat terrorism financing, money laundering, wildlife trafficking, and other transnational organised crimes...

NCS, CHINA ENVOY MOVE TO DEEPEN TRADE, TACKLE SMUGGLING AND ILLEGAL TRADE

The Nigeria Customs Service has stepped up efforts to strengthen legitimate trade with China while intensifying the fight against smuggling, illegal wildlife trafficking, and...

INVESTORS SHOW INTEREST IN TOLLING TINUBU’S LEGACY ROAD PROJECTS — UMAHI

  The Federal Government has signed agreements for eight major road projects across the country as part of President Bola Ahmed Tinubu’s infrastructure renewal agenda. Speaking...

Most Popular

CUSTOMS PUSHES STRONGER ALLIANCE AGAINST TERROR FINANCING, CROSS-BORDER CRIMES

The Nigeria Customs Service has intensified calls for stronger inter-agency cooperation to combat terrorism financing, money laundering, wildlife trafficking, and other transnational organised crimes...

NCS, CHINA ENVOY MOVE TO DEEPEN TRADE, TACKLE SMUGGLING AND ILLEGAL TRADE

The Nigeria Customs Service has stepped up efforts to strengthen legitimate trade with China while intensifying the fight against smuggling, illegal wildlife trafficking, and...

NIGERIAN PHARMACY RESEARCH GAINS GLOBAL SPOTLIGHT AS FIP ACCEPTS TWO CPACPI ABSTRACTS

Nigeria’s pharmaceutical sector has secured another major international breakthrough as two research abstracts from the Community Pharmacists Assessment and Career Progression Institute, CPACPI, have...

AFRICAN AIR CHIEFS’ SYMPOSIUM: NIGERIA PUSHES AFRICAN-LED SECURITY COOPERATION

    Nigeria has renewed calls for stronger African-led security cooperation to tackle terrorism, insurgency, and transnational crimes across the continent.   Chief of the Air Staff, Sunday...

Recent Comments