Market News

BY Anozie Egole

The Nigeria Customs Service, Apapa Area Command, said it has collected a total sum of N1tn as revenue between January 2025 and the present.

The command in a statement on Monday by the command’s Public Relations Officer, Tunde Ayagbalo, said the figure is a landmark achievement in the history of the service.

“The command’s revenue collection table shows a total of N1tn,” the statement read in part.

The Customs Area Controller in charge of the command, Babatunde Olomu, attributed the success to a combination of leadership direction of the Comptroller General of Customs, Adewale Adeniyi, in blocking areas of revenue leakages and the diligent discharge of functions on the part of officers and men in the area.

Olomu noted that, “hitting the N1tn revenue before the middle of the fifth month is a confirmation of the command’s readiness to surpass the total of N2.3tn that was collected last year before December 2024.”

While commending the officers of the command for sustaining the rising tempo of work, Olomu called for increased efforts in ensuring maximum collection, suppression of smuggling through diligent cargo examination, and facilitation of lawful trade.

The CAC urged the officers to sustain and improve the act of intelligence sharing, robust interactions, cooperation with sister government agencies, and regular stakeholder engagements to achieve more and contribute to the nation’s economic well-being.

Olomu said the policy thrust of the CGC, which includes deployment of a Unified Customs Management System, also known as B’Odogwu, has shown prospects for higher productivity by the command.

He said that with the ongoing training of licensed customs agents and freight forwarders ahead of the full deployment of B’Odogwu, the command’s chances of surpassing the 2024 collection and meeting 2025 targets are higher.

“Our award-winning reputation remains unshaken as we intensify efforts to maintain our excellent record as the leading customs command domiciled in the nation’s premier port. This recent revenue collection milestone only goes to show we are not resting on our laurels. Going by the examples of our CGC, we have resolved not to be complacent,” he said.