Nigeria’s Minister of Finance and Coordinating Minister of the Economy, Wale Edun, has urged the Nigeria Customs Service (NCS) to build on its recent financial gains by deepening reforms and upholding transparency in its operations.
Speaking at the 62nd regular meeting of the NCS Board held Tuesday, at the Service’s headquarters in Maitama, Abuja, Edun commended the Service’s Q1 performance but insisted that the momentum must be sustained.
“With improvement in the revenue of the Service, which is slightly above what was budgeted for the first quarter, it is important to note that more is required,” the Minister said. “More is expected of an institution that is pivotal in revenue.”
The board meeting, which serves as a statutory platform for oversight and evaluation, reviewed operational strategies, fiscal performance, and key reforms. The NCS had recorded a historic ₦1.75 trillion in revenue in the first quarter of 2025—₦106.5 billion above its target and nearly 30% more than the same period in 2024.
Edun described the meeting as “productive,” stressing the significance of corporate governance and regular consultation to improve outcomes.
“It’s important that we maintain corporate governance oversight and consultation through these regular statutory meetings,” he stated. “At the end of the day, we will always ask that we do more to improve revenue and the Service’s operations to aid the Nigerian economy and serve the good people of Nigeria.”
Discussions also covered the Service’s modernisation drive, including the expansion of the B’Odogwu Unified Customs Management System, implementation of the Authorised Economic Operators (AEO) programme, and strengthened anti-smuggling measures—all of which aim to improve trade facilitation and bolster national security.
