Nigeria Customs records N58.5bn all-time high daily revenue collection

The Comptroller-General of Nigeria Customs Service, Adewale Adeniyi has said the service recorded a daily all-time high revenue of N58.5bn on June 13, 2024.

TAdeniyi disclosed this on Wednesday in a press conference to mark his one-year in office.

News Telly reports that upon Adeniyi’s appointment as CGC, the service’s revenue surged to N4.49 trillion compared to 2.58 trillion recorded the previous year.

According to him, the average monthly revenue collection of the service increased by 70.13 percent to reach N343 billion,

compared to the N202 billion.

He noted that in the first quarter of 2024, the service revenue collection rose by a substantial 122.35 percent.

Adeniyi attributed the revenue increase to its N15 billion recovery through the Revenue Review Performance Recovery and N2.79 billion recovered from the 90-day window for the regularisation of the documents of uncustomed vehicles and other initiatives.

“Notably, there was a substantial 122.35 percent rise in revenue collection during the first quarter of 2024 compared to the same period in the previous year.

“It is also worthy to note that on June 13, 2024, NCS recorded a daily AII-Time-High of N 58.5 billion in revenue collection”, he stated.