- **Record Revenue:** NCS collected ₦1.75 trillion in Q1 2025.
- **Target Smashed:** Exceeded their target by over ₦106 billion.
- **Anti-Smuggling Success:** Seized arms, contraband, and drugs.
- **Exchange Rate Woes:** Volatile exchange rates still a major challenge.
Customs Bank Alert! ₦1.75 Trillion Don Land!
The Nigeria Customs Service (NCS) is popping bottles (of non-alcoholic champagne, of course!) after a seriously impressive first quarter in 2025. Dem announced dat dem generated a staggering ₦1,751,502,252,298.05 in revenue. Oshey!
Comptroller-General Adewale Adeniyi himself announced dis great news for Naija economy for press briefing wey happen for Abuja. E say dem no just collect money, dem also seize plenty illegal goods wey dey try sneak into di country. We dey talk arms, fake goods, and even drugs! Big ups to di Customs officers dem!
How Dem Do Am? Customs Magic!
Adeniyi say di reason for di increase na di new reforms wey President Bola Ahmed Tinubu introduce, plus di supervision of di Minister of Finance, Mr. Wale Edun. E hail all di officers and staff of di Customs, plus di Federal Government and even di media for dia support.
Fight Against Smugglers: No Place to Hide!
Di Customs no dey joke o! Adeniyi make am clear say dem dey use better surveillance and intelligence to catch smugglers. E say dem don seize arms, contraband goods, and narcotics. Dem no wan make Naija be dumping ground for rubbish or allow criminal dem destabilize di country.
Exchange Rate Wahala: Di Constant Headache
Even wit all di good news, Adeniyi point out say exchange rate instability still dey cause palava. E say dem record 62 different exchange rate adjustments within di quarter, from ₦1,477.72 to ₦1,569.53 per dollar. Dis one dey make am hard for traders to plan and e dey affect import costs.
Adeniyi say dem dey work wit di Central Bank of Nigeria and di Federal Ministry of Finance to find solutions to stabilize di exchange rate. We dey hope say dem go find solution sharp sharp!
Looking Ahead: More Money, Less Wahala?
Di NCS dey determined to continue dis positive momentum. Dem dey plan to improve trade facilitation, fight corruption, and protect di borders of Nigeria. If dem fit do all dat, Naija economy go benefit big time!
The numbers don’t lie
| Year | Q1 Revenue (₦ Trillion) |
|---|---|
| 2024 | 1.35 |
| 2025 | 1.75 |