The Senate has approved an ₦11 trillion revenue target for the Nigeria Customs Service (NCS) for the 2026 fiscal year following the agency’s budget defence before the Senate Committee on Customs.
Chairman of the committee, Senator Isah Jibril, announced the approval during Monday’s session, which was attended by the Comptroller-General of Customs, Adewale Adeniyi, and other senior officials of the Service.
Speaking during the budget defence, Adeniyi expressed confidence that the NCS would achieve the ambitious revenue target despite ongoing global economic challenges.
He disclosed that the Service has so far generated ₦4.43 trillion in revenue, noting that the figure falls below projections for the current period.
According to the Comptroller-General, the conflict in the Middle East has significantly disrupted cargo movements and reduced import volumes through Nigerian ports, affecting revenue generation.
He said the situation involving the United States and Iran remains a major concern, expressing hope that tensions would ease to improve international trade flows.
Reviewing the Service’s 2025 budget performance, Adeniyi stated that the NCS successfully met its approved revenue target of ₦6.584 trillion.
He, however, noted that global events, including the Russia-Ukraine war, also affected the agency’s operations by disrupting international trade and supply chains.
Despite these external challenges, the Senate expressed confidence in the Nigeria Customs Service’s ability to meet its 2026 revenue target after reviewing its performance and operational outlook.