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Home Economy

Nigeria CustomTo Meet N3.6 Trillion Revenue Target Before Year-End

Victoria Attah by Victoria Attah
December 19, 2023
in Economy
Reading Time: 2 mins read
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Customs revenue declines 7.1% as import volume drops.
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With less than two weeks remaining in 2023, the Nigeria Customs Service (NCS) has expressed confidence in achieving its revenue target of N3.6 trillion for the year. The assurance was given by the Comptroller General, Mr. Adewale Adeniyi, during the flag-off and handover of houses to beneficiaries of the Coop Pacesetter Estate constructed for Customs Officers in the Oyo/Osun Area Command.

Adeniyi stated that the NCS has witnessed a significant increase in its average monthly collection in the second half of the year, highlighting the commitment to meeting the revenue target. The Customs boss emphasized the importance of minimizing deviations from the set target, especially after substantial shortfalls were recorded during the first half of the year. He underlined the service’s dedication to aligning with President Bola Tinubu’s Renewed Hope Agenda to fulfill its mandate effectively.

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Focusing on boosting the morale of Customs Officers nationwide, Adeniyi outlined various welfare initiatives, including the Coop Pacesetter Estate housing project and recognition and awards for exceptional performance, dedication, and achievements. These programs, he believes, will serve as catalysts to enhance loyalty, motivation, and sustained productivity among the workforce.

In a significant announcement, Adeniyi disclosed plans to provide 5,000 housing units for officers across the country, addressing the accommodation challenges they often face. Additionally, he revealed measures to alleviate the impact of the fuel subsidy, with a signed document for the payment of a N35,000 award to all NCS officers, effective from September this year.

Adeniyi expressed his pleasure during the handover of keys to the Cooperative members, emphasizing the NCS’s commitment to the overall welfare of its officers. He stated, “We are focusing on mental, physical, and overall welfare and well-being of our officers to ensure optimum performance.”

The Customs boss outlined the institutionalized welfare packages aimed at empowering officers to engage in community activities and services, fostering a harmonious relationship between the Customs and the public.

“In our efforts to address the problems faced by officers while looking for accommodation, we have decided to build 5,000 housing units in Lagos, Kaduna, Kano, Ibadan, Giri, Masala, and Port-Harcourt. This, in turn, will provide a foundation of stability for our officers, allowing them to invest in their families and futures and ultimately serve our nation even more effectively,” he affirmed.

 

 

Tags: Nigeria Customs Servicerevenue target
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