By Innocent Orok
The Nigeria Customs Service (NCS) has been commended for its pivotal role in boosting Nigeria’s economic recovery, as the Federal Government sets a ₦48 trillion expenditure target for 2025.
Nigeria’s Minister of Finance and Coordinating Minister of the economy, Mr Olawale Edun, highlighted the NCS’s importance during the 61st quarterly board meeting of the agency held on Wednesday, 18 December 2024 , at the Customs House, Maitama, Abuja. The meeting followed President Bola Ahmed Tinubu’s presentation of the 2025 budget to the National Assembly, tagged “A Budget of Restoration.”
The budget which projects ₦35 trillion in revenue, expects the NCS to play a critical role. Speaking further on the NCS’s performance, Mr Edun disclosed that the agency had generated over ₦5 trillion as at November 2024.
Edun said “The NCS and other revenue bodies have performed remarkably well,” linking the success to the reforms introduced by President Tinubu.
The Minister further revealed that the government plans to secure concessionary loans, grants, and development support to fund the remaining ₦13 trillion deficit in the budget.
Mr Edun also noted that the board reviewed the NCS’s 2024 achievements, approving the recruitment of 3,927 officers and granting special promotions to top-performing personnel to bridge gaps and enhance trade facilitation.
“The NCS has excelled in suppressing smuggling and fostering trade, crucial for growth and job creation,” he added.
Mr Edun concluded by urging Customs officers to remain committed to national goals, emphasising the agency’s role in poverty reduction and economic growth.
