Nigeria’s private sector is gaining renewed momentum as the Nigeria Customs Service (NCS) records unprecedented growth, signalling a stronger economic outlook for the country.
At the 62nd meeting of the NCS Board in Abuja, the Honourable Minister of Finance and Coordinating Minister of the Economy, Mr. Wale Edun, announced that Customs generated ₦3.7 trillion in the first half of 2025. The figure stands 12.5 percent above budget expectations and 25 percent higher than revenue collected during the same period last year.
While hailing the performance as impressive, Edun stressed the need for continued reforms to sustain the pace of growth and meet the administration’s ambitious revenue targets. Central to this reform drive is the National Single Window Initiative, a fully digital trade platform scheduled for rollout in 2026.
Read Also:
- Former Nigeria Customs Comptroller-General, Ahmed Aliyu Mustapha, is dead
- Apapa Customs revenue hits N1.2tr in seven months, records N201bn July collection
- Nigeria’s crude oil sales, FIRS, Customs revenues hit N32.48tr in H1 2024
According to the Minister, the platform will cut delays, reduce costs, and enhance competitiveness by streamlining import and export processes. “The National Single Window will give Customs the speed and capacity to process trade more effectively, boosting revenue and positioning Nigeria as a leading hub for investment,” Edun stated.
The Customs Board also confirmed senior appointments and promotions aimed at strengthening governance, professional standards, and institutional capacity within the Service.
Edun added that these developments align with President Bola Tinubu’s broader strategy to stabilise inflation and exchange rates while creating a transparent, technology-driven trade ecosystem. The government’s vision, he noted, is to encourage private investment and drive long-term growth across all sectors of the economy.
