Friday, February 6, 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

DANGOTE, KADCCIMA RALLY 10,000 BUSINESSES TO DRIVE LOCAL CONTENT AT 2026 KADUNA TRADE FAIR.

  Nigeria’s push for economic transformation through local manufacturing takes centre stage in Kaduna as Dangote Industries Limited partners the Kaduna Chamber of Commerce, Industry,...

DATA RECAPTURE GOES DIGITAL

Pension Fund Administrators have begun the rollout of PENCAP, a self-service data recapture platform for Retirement Savings Account holders. The exercise, which commenced on February...

PENCOM APPROVES 1,173% PENSION INCREASE FOR NSITF RETIREES, PAYS ₦8.70BN ARREARS

  The National Pension Commission, PenCom, has approved a historic upward review of pensions for 2,116 retirees under the Nigeria Social Insurance Trust Fund, NSITF,...

Most Popular

DANGOTE, KADCCIMA RALLY 10,000 BUSINESSES TO DRIVE LOCAL CONTENT AT 2026 KADUNA TRADE FAIR.

  Nigeria’s push for economic transformation through local manufacturing takes centre stage in Kaduna as Dangote Industries Limited partners the Kaduna Chamber of Commerce, Industry,...

EX-GOVERNOR SUSWAM QUITS PDP, JOINS APC

  Former Benue State Governor, Gabriel Suswam, has officially dumped the Peoples Democratic Party, PDP, and joined the ruling All Progressives Congress, APC, ahead of...

NIGERIA TO DEPLOY GAS AS ENGINE FOR AFRICA’S GROWTH — OJULARI

  Nigeria is positioning natural gas at the centre of Africa’s economic rise, leveraging its vast reserves to drive industrialisation, expand electricity access, and strengthen...

DATA RECAPTURE GOES DIGITAL

Pension Fund Administrators have begun the rollout of PENCAP, a self-service data recapture platform for Retirement Savings Account holders. The exercise, which commenced on February...

Recent Comments