Nigeria Customs Service Generates N15Trillion, Honourable Minister Wale Edun Approves Expansion

On Wednesday the Honourable Minister of Finance & Coordinating Minister of the Economy Mr. Wale Edun, presided over the 61st meeting of the Nigeria Customs Service (NCS) Board, where he praised the agency for generating approximately ₦15 trillion in revenue by September 2024.

This achievement underscores Nigeria’s fiscal recovery and strengthens the government’s capacity to fund critical social and infrastructural programs.

To further boost operational efficiency, HM Edun approved the recruitment of 3,927 new personnel for 2024/2025, addressing staffing gaps based on a comprehensive needs assessment.

The Honourable Minister attributed the revenue success to President Bola Tinubu’s decisive economic reforms, which are steering the economy toward stability and sustainable growth.

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He emphasized that the NCS plays a pivotal role in the government’s fiscal consolidation strategy, aimed at aligning revenues and expenditures to support macroeconomic stability.

As part of the ₦48 trillion “budget of restoration” for 2025, the government expects ₦35 trillion in revenues, with the remainder financed through concessionary loans, international grants, and domestic borrowing.

The Minister described the budget as a blueprint for economic revival, focusing on security, job creation, and poverty reduction.

Commending Comptroller General Bashir Adewale Adeniyi and the NCS team, HM Edun encouraged sustained commitment to fostering economic growth and achieving the administration’s economic goals.