₦11tn Target Approved: Senate Raises Bar for Nigeria Customs

The Senate has approved a ₦11 trillion revenue target for the Nigeria Customs Service (NCS) for the 2026 fiscal year, setting a new benchmark for the agency’s performance and underscoring the government’s push to boost non-oil revenue. The decision followed the NCS budget defence session before the relevant Senate committee.

Lawmakers described the target as ambitious but achievable, stressing the need for greater efficiency, transparency and enforcement in revenue collection. They urged the Customs Service to strengthen its operations, particularly in curbing smuggling and plugging revenue leakages.

The approved figure represents a significant increase from previous targets, reflecting confidence in ongoing reforms within the agency. In recent years, the NCS has introduced digital systems and modernised processes aimed at improving trade facilitation and revenue generation.

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Senators emphasised that achieving the ₦11 trillion goal would require full implementation of these reforms, including the adoption of technology to enhance monitoring and compliance. They also highlighted the importance of inter-agency collaboration in tackling illicit trade and ensuring that all due revenues are captured.

Customs officials assured lawmakers of their commitment to meeting the target, pointing to improved performance trends and ongoing capacity-building efforts. They noted that investments in automation and intelligence gathering are already yielding positive results.

Economic analysts say the higher revenue projection aligns with broader government efforts to reduce dependence on oil income and strengthen fiscal sustainability. However, they caution that external factors such as global trade dynamics and exchange rate fluctuations could impact performance.

Stakeholders have also called for accountability measures to ensure that increased revenue targets do not lead to undue pressure on legitimate businesses. They stress the need for a balanced approach that supports trade while enforcing compliance.

As the 2026 budget cycle approaches, attention will be on the NCS to deliver on expectations. The Senate’s decision signals a clear message: the bar has been raised, and performance will be closely monitored.