By Titus Omajali
The House of Representatives Committee on Customs and Excise has approved the sum of N1.132 trillion as the proposed 2025 budget of the Nigeria Customs Service (NCS), marking a significant step forward in the Service’s commitment to enhancing national revenue, trade facilitation and anti-smuggling.
The budget proposal, presented on Monday, 23 June 2025, by the Comptroller-General of Customs, Adewale Adeniyi, represented by Deputy Comptroller-General in charge of Finance, Administration and Technical Services, DCG Mohammed Jibo, was favourably received and adopted by the committee.
According to the Comptroller-General, the NCS has an ambitious revenue target of N6.584 trillion for the 2025 fiscal year. This includes N3.853 trillion for the Federation Account, N1.081 trillion for the Non-Federation Account, and N1.650 trillion from Import Value Added Tax (VAT).
Adeniyi explained that the projected revenue will be drawn from legitimate sources, including 4% of Free-On-Board (FOB) value, totalling N1.070 trillion, the 2% VAT share accruing to the NCS, estimated at N33.01 billion, and N29.05 billion earmarked for ongoing capital projects.
In terms of expenditure, the proposed budget allocates N247.16 billion for personnel costs, N239.97 billion for overheads, and N645.42 billion for capital projects. According to him, the allocations underscore the NCS’s drive to improve operational capacity and infrastructure for more effective service delivery.
At the end of the sitting, the NCS reaffirmed its commitment to legislative compliance and fiscal transparency. The Service further expressed appreciation for the continued support of the National Assembly and reaffirmed that it would work closely with relevant authorities to ensure its operations remain within the ambit of the law, while also exploring legally sustainable avenues for funding its critical reform and modernisation initiatives.
