…Rice, Petroleum remain the most prevalent seized commodities
The Comptroller General of Nigeria Customs Service, Bashir Adewale Adeniyi while appreciating President Bola Tinubu’s administration and the supervision of the Minister of Finance and coordinating minister of the Economy, Mr. Olawale Edun said they have recorded
This revelation was made at a Press Briefing to announce the activities of the Nigeria Customs Service at its corporate headquarters in Maitama, Abuja on Tuesday.
He said the numbers we’re releasing today show concrete results from the reforms initiated under President Bola Tinubu’s administration. He said. “I’m pleased to report the Service’s revenue collection for Q1 2025 totaled
₦1,751,502,252,298.05 (One Trillion, Seven Hundred and Fifty-One Billion, Five Hundred and Two Million, Two Hundred and Fifty-Two Thousand, Two Hundred and Ninety-Eight Naira, Five Kobo).”
The CG noted that the revenue exceeded the budgeted revenue of N6.5 trillion for the year. His words, “Against our annual target of ₦6,580,000,000,000.00, the first quarter’s proportional benchmark stood at ₦1,645,000,000,000.00.
“I’m proud to announce we’ve exceeded this target by ₦106.5 billion, achieving 106.47% of our quarterly projection. This outstanding performance represents a substantial 29.96% increase compared to the same period in 2024, where we collected ₦1,347,705,251,658.31.
“Our month-by-month analysis reveals even more encouraging details of this growth trajectory. January’s collection of ₦647,880,245,243.67 not only surpassed its monthly target of ₦548.33 billion by 18.12%, but also showed a remarkable 65.77% year-on-year growth. February’s ₦540,105,439,535.18 exceeded its target by 1.3% while achieving 19.97% growth over 2024 figures. March maintained this positive trend with ₦563,516,567,519.20, delivering 2.7% above target and an 11.22% improvement over March 2024.
“These results substantiate our effective measures to curb revenue losses while streamlining compliant trade. The 29.96% annual increase and steady monthly collections confirm our strategy is working. We’ll maintain this momentum through rigorous enforcement and strengthened partnerships,” he assured.
He disclosed that Rice and Petroleum remain the most prevalent seized commodities. He said they had 159 cases of rice involving 135,474 bags and Petroleum products with 61 seizures. “Rice remained the most prevalent seized commodity, with 159 cases involving 135,474 bags valued at ₦939,309,698.00. Petroleum products followed with 61 seizures totaling 65,819 liters (₦43,336,160.81 DPV).
“Of particular note were 22 narcotics interceptions valued at ₦730,748,173.00, reflecting our intensified focus on combating drug trafficking. The Service also recorded three high-value wildlife product seizures with a remarkable ₦5,653,522,600.00 DPV, underscoring both the lucrative nature of this illegal trade and our commitment to environmental protection under international conventions.”
CG Adeniyi further revealed, “Other notable seizures included textile fabrics (13 cases, ₦134,219,330.00 DPV), retreaded tires (5 cases, ₦104,599,000.00 DPV), and pharmaceuticals (1 case, ₦17,188,000.00 DPV). These comprehensive results demonstrate the Service’s vigilance across all categories of prohibited and restricted goods.”
The Comptroller General concluded by commending the officers and men of the Nigeria Customs Service for their dedication, professionalism and hard work.”
