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Reading: Tin Can Customs Exceeds Revenue Target With N1.576 Trillion
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Business

Tin Can Customs Exceeds Revenue Target With N1.576 Trillion

Ogungbayi Feyisola Faesol
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Ogungbayi Feyisola Faesol
ByOgungbayi Feyisola Faesol
Faesol is a journalist at Okaynews.com, reporting on business, technology, and current events with clear, engaging, and timely coverage.
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Published: 2025/12/24
2 Min Read
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The Tin Can Island Command of the Nigeria Customs Service (NCS) generated N1.576 trillion in revenue for the 2025 fiscal year. The figure surpasses the assigned target of N1.524 trillion by N51.84 billion.

Okay News reports that Customs Area Controller Frank Onyeka announced the achievement during a press briefing in Lagos, Nigeria’s commercial hub. He attributed success to discipline, professionalism, and reforms.

“This growth did not happen by chance; it is the outcome of deliberate reforms, improved processes, and collective responsibility,” Onyeka stated.

Major contributors include bulk cargo, general merchandise, and used vehicle imports. Diligent examinations ensured full duty collection.

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The command eliminated revenue leakages and inefficiencies. Streamlined alerts reduced clearance delays and abuse potential.

Regular stakeholder engagement fostered cooperation. Participants included importers, licensed agents, terminal operators, and shipping companies.

Enforcement remained robust. Intelligence-driven operations led to seizures of prohibited or improperly declared goods.

“These seizures are a clear reminder that while we facilitate trade, we will not compromise national security, public safety, or economic integrity,” Onyeka emphasised.

Vigilance continues despite target achievement. Officers remain mobilised for compliance and collection.

Onyeka commended Comptroller-General Bashir Adewale Adeniyi for leadership and support. He praised alignment with service modernisation.

Stakeholders received appreciation for improved compliance. Officers earned recognition for dedication.

This performance strengthens federal revenue amid economic reforms. It reflects enhanced efficiency at one of Nigeria’s busiest ports.

The excess supports national fiscal goals. It underscores NCS commitment to trade facilitation and enforcement balance.

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TAGGED:Port OperationsRevenue CollectionTin Can Customs
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