RateCaptain
  • Home
    • About Us
    • Contact Us
  • FX Rates
  • Money Market
  • Cryptocurrency
  • Commodities
  • Corporates
No Result
View All Result
Subscribe
  • Home
    • About Us
    • Contact Us
  • FX Rates
  • Money Market
  • Cryptocurrency
  • Commodities
  • Corporates
No Result
View All Result
RateCaptain
No Result
View All Result
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
A A
0
Customs revenue declines 7.1% as import volume drops.
Share on FacebookShare on TwitterShare on WhatsappShare on Telegram

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.

AlsoRead

NGX Market Capitalisation Drops N1.35 Trillion as Profit-Taking Triggers 0.86% Decline

Nigeria’s Passport Rises to 89th on Henley Index but Visa-Free Access Falls to 44 Destinations

Subnational External Debt Surges as 32 States, FCT Borrow Nearly $1 Billion in 2025

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
Previous Post

TotalEnergies Commits $6 Billion Investment in Nigeria’s Oil and Gas Sector

Next Post

Yen Falls as Global Bonds Rise and BOJ Holds Rates

Related News

Nigeria’s Stock Market Records N1.81 Trillion Gain in July.

NGX Market Capitalisation Drops N1.35 Trillion as Profit-Taking Triggers 0.86% Decline

by Jide Omodele
May 6, 2026
0

The Nigerian Exchange (NGX) came under significant selling pressure on Tuesday, May 6, 2026, as investors booked profits on major...

Nigerian Students Spend $340.84 Million on Foreign University Applications in the H1 of 2023

Nigeria’s Passport Rises to 89th on Henley Index but Visa-Free Access Falls to 44 Destinations

by Victoria Attah
May 6, 2026
0

Nigeria’s passport has recorded a modest improvement in global ranking, climbing to 89th position in the latest Henley Passport Index...

FG Allocates N5.1 Billion for Presidential Yacht and N5.5 Billion For Student Loans

Subnational External Debt Surges as 32 States, FCT Borrow Nearly $1 Billion in 2025

by Victoria Attah
May 4, 2026
0

Nigerian states and the Federal Capital Territory (FCT) significantly ramped up their foreign borrowing in 2025, with 32 states and...

Nigeria Plans New FX Rules, Targeting 750 Naira Exchange Rate

Naira Posts First April Appreciation as it hits ₦1,374/$ Since NAFEX Era

by Jide Omodele
May 4, 2026
0

The Nigerian naira recorded a month-on-month gain in April 2026, marking its first positive April performance since the introduction of...

Next Post
Asian Currencies Retreat as Chinese Data Points to Slower Growth

Yen Falls as Global Bonds Rise and BOJ Holds Rates

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Recommended

Dangote: Cement Industry Contributes 7% to Global Emissions

Dangote Cement Eyes London Stock Exchange Listing Before End of 2026

May 8, 2026
South Africa Poised to Surpass Nigeria as Africa’s Largest Economy

Nigeria’s Fixed Income Market Set for Massive N10.53 Trillion Liquidity Inflow in May

May 8, 2026

Popular Story

  • Battered Commodity Currencies Gain Attention Amid Dollar’s Decline.

    Naira Strengthens Further Against US Dollar, Approaches N1,350 Level

    0 shares
    Share 0 Tweet 0
  • Nigeria’s Average Petrol Price Rises to N1,288.54 in March 2026, Anambra Pays Highest

    0 shares
    Share 0 Tweet 0
  • Banks Post Record N26.3 Trillion Revenue in 2025, But Profits Decline on Loan Provisions

    0 shares
    Share 0 Tweet 0
  • Nigeria’s Fixed Income Market Set for Massive N10.53 Trillion Liquidity Inflow in May

    0 shares
    Share 0 Tweet 0
  • Dangote Cement Eyes London Stock Exchange Listing Before End of 2026

    0 shares
    Share 0 Tweet 0

RateCaptain

We bring you the most accurate in new and market data. Check our landing page for details.

  • Home
  • About Us
  • Privacy Policy
  • Terms & Conditions
  • Disclaimer
  • Cookie Policy
  • Contact Us

Copyright © 2022 RateCaptain - All rights reserved by RateCaptain.

No Result
View All Result
  • Home
    • About Us
    • Contact Us
  • FX Rates
  • Money Market
  • Cryptocurrency
  • Commodities
  • Corporates

Copyright © 2022 RateCaptain - All rights reserved by RateCaptain.

RateCaptain
Manage Cookie Consent
To provide the best experiences, we use technologies like cookies to store and/or access device information. Consenting to these technologies will allow us to process data such as browsing behavior or unique IDs on this site. Not consenting or withdrawing consent, may adversely affect certain features and functions.
Functional Always active
The technical storage or access is strictly necessary for the legitimate purpose of enabling the use of a specific service explicitly requested by the subscriber or user, or for the sole purpose of carrying out the transmission of a communication over an electronic communications network.
Preferences
The technical storage or access is necessary for the legitimate purpose of storing preferences that are not requested by the subscriber or user.
Statistics
The technical storage or access that is used exclusively for statistical purposes. The technical storage or access that is used exclusively for anonymous statistical purposes. Without a subpoena, voluntary compliance on the part of your Internet Service Provider, or additional records from a third party, information stored or retrieved for this purpose alone cannot usually be used to identify you.
Marketing
The technical storage or access is required to create user profiles to send advertising, or to track the user on a website or across several websites for similar marketing purposes.
  • Manage options
  • Manage services
  • Manage {vendor_count} vendors
  • Read more about these purposes
View preferences
  • {title}
  • {title}
  • {title}
?>