Business
Customs surpass monthly revenue target, record N343bn in August
The Nigeria Customs Service (NCS), according to Mr. Adewale Adeniyi, Acting Comptroller-General (CG), has surpassed its income goal for the months of July and August.
Speaking on Thursday in Abuja while delivering the scorecard for his 100 days in office, Adeniyi stated that the NCS made N307 billion in July and N343 billion in August.
“One of our early achievements has been a remarkable boost in monthly revenue collection.
“We have witnessed a substantial increase, with an average monthly collection of 202 billion in the first half of the year that concluded in June, surging to an impressive 343 billion in August.
“This outstanding growth amounts to a remarkable 70.13 per cent increase in revenue collection.
“I am delighted to announce that we have consistently exceeded the monthly target collection, marking a remarkable departure from previous performances,” he said.
Adeniyi said that the ongoing revenue recovery review activities had contributed an additional eight billion Naira during the period.
“This underlines our commitment to revenue generation. Subject to unforeseen circumstances, our aim is to sustain and even expand this momentum until the end of the year.
“This commitment is driven by our resolve to minimise the deviation from the target, especially in light of the substantial shortfalls recorded during the first half of the year,” Adeniyi said.
The Acting Customs boss said that the NCS had recorded appreciable results in its ongoing battle against smuggling
