The Nigerian Customs Service has stated that it collected a total of N1.75 trillion revenue in the first quarter of 2025.
The Comptroller General of Customs, Adewale Adeniyi, stated this in Abuja on Tuesday at a press briefing on the activities of the service.
Adeniyi said, “Against our annual target of N6.58 trillion, the first quarter’s proportional benchmark stood at 1,645 trillion, and I am proud to announce we have 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 1.34 trillion,” he stated
On anti-smuggling enforcements, he said the “Nigeria Customs Service maintained robust anti-smuggling operations during the first quarter of 2025, recording 298 seizures with a total Duty Paid Value (DPV) of 7.69 billion as this represents a significant 78.41% increase compared to 4.3 billion recorded in Q4 2024, demonstrating heightened operational effectiveness.”
Adeniyi added that rice remained the most seized commodity, with 159 cases involving 135,474 bags valued at 939 million, with petroleum products following with 61 seizures totaling 65.8 million litres.
On trade facilitation, he said, “During the first quarter of 2025, the service processed a total of 327,928 Single Goods Declarations (SGDs) for imports, handling goods with a total mass of 4,910,640,283.33 kilogrammes and a Cost, Insurance, and Freight (CIF) value of N14.8 billion which represents a 5.28% increase in the number of import transactions compared to the 311,492 SGDs processed in Q1 2024, reflecting growing confidence in our trade facilitation measures.”
Speaking further, he stated that the service has granted duty exemptions on essential food imports amounting to over ₦95.1 billion between 2024 and the first quarter of 2025.
This move has significantly contributed to the recent drop in the prices of maize, rice and sorghum across the country, according to Adeniyi.
