The Nigeria Customs Service (NCS) said it generated N2.74 trillion in the first six months of this year, surpassing it’s revenue target for the first half of 2024.
The service said it had a revenue target of N2.54 trillion which it surpassed by 8 per cent, marking a 127 per cent increase over the previous year’s revenue.
National Public Relations Officer of NCS, Abdullahi Maiwada, disclosed this in a statement where he gave the mid-year performance report of the NCS.
According to him, N1.395 trillion was collected for the second quarter, exceeding the quarterly target by 10 per cent and representing a 131 per cent increase over Q2 2023.
These measures, the NCS said, had significantly enhanced transparency, compliance, and efficiency in customs processes.
Maiwada said the service intensified its anti-smuggling operations in the first half of 2024, resulting in notable achievements.
He said from January to June 2024, the NCS made 2,442 seizures with a Duty Paid Value (DPV) of N25.5 billion, which is 203 per cent higher than the DPV of seizures in the first half of 2023.
In the second quarter of 2024, the NCS said it made 1,334 seizures with a DPV of about N17.6 billion, representing a 121 per cent increase over the first quarter of 2024.
The top items seized include wildlife items, vehicles, arms and ammunition, foreign rice, pharmaceuticals, and narcotics, with 32 suspects in custody.
On trade facilitation, the NCS said in the first half of 2024, it processed 620,467 Single Goods Declarations (SGDs), reflecting a reduction of approximately 39 per cent compared to the same period in 2023.
