Nigeria Custom Service revenue has increased by 74 percent from June 2023 to May 2024.
The revenue of the Nigeria Custom Service increased to ₦4.49 trillion in May 2024.
This was announced on Wednesday by the Comptroller-General of Customs, Adewale Adeniyi in Abuja while accounting for NCS performance over the year under his stewardship.
Adewale Adeniyi was appointed by president Bola Ahmed Tinubu as the comptroller-General of the Nigeria Custom service.
“The NCS reported a remarkable 74 per cent growth in revenue collection over the past year, recording a total revenue collection of N 4.49tn between June 2023 and May 2024, compared to the N2.58tn collected during the corresponding period of the previous year,” he stated.
“Underpinned by a sustained increase of 70.13 per cent in average monthly revenue collection compared to the previous year. NCS recorded an average monthly revenue collection of N343bn, compared to the N202bn monthly average.
“Notably, there was a substantial 122.35 per cent rise in revenue collection during the first quarter of 2024 compared to the same period in the previous year. These gains were attributed to various strategic initiatives.”
NCS recorded a daily all-time-high of N58.5bn in revenue collection.
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