The Honourable Minister of Finance and Coordinating Minister of the Economy, Mr. Wale Edun, has reaffirmed the government’s commitment to modernising trade systems and boosting revenue as the Nigeria Customs Service (NCS) continues to exceed expectations.
At the 62nd meeting of the NCS Board in Abuja, the Minister disclosed that Customs generated ₦3.7 trillion in the first half of 2025, a figure that is 12.5 percent above budget and 25 percent higher than the same period last year. He described the achievement as commendable but added that more reforms are required to meet the administration’s ambitious revenue targets.
According to him, “The performance is commendable, but it is important to deepen reforms so that we can achieve the ambitious revenue goals of the administration.”
A major part of the reform agenda is the National Single Window Initiative, a digital trade platform expected to be fully rolled out in 2026. The platform is designed to simplify import and export processes, reduce costs, cut delays, and increase competitiveness, providing a stronger business environment for the private sector.
“The National Single Window will give Customs the speed and capacity to process trade more effectively, boosting revenue and positioning Nigeria as a more attractive hub for investment,” the Minister said.
The NCS Board also confirmed governance improvements within the Service, including senior appointments and promotions, aimed at upholding professional standards and strengthening institutional capacity.
Mr. Edun stated that these steps reflect President Bola Tinubu’s broader economic strategy, which is focused on stabilising inflation and exchange rates while building a transparent, technology-driven trade ecosystem that encourages private investment and drives long-term economic growth.