The Federal Government has announced that the Nigeria Customs Service (NCS) generated N3.7 trillion in the first half of 2025, a revenue performance that exceeded budgetary expectations and outpaced last year’s results.

Minister of Finance and Coordinating Minister of the Economy, Mr. Wale Edun, disclosed this during the 62nd meeting of the NCS Board in Abuja. He said the cash represented a 12.5 per cent increase above budget projections and 25 per cent higher than collections recorded in the same period of 2024.

According to the Minister, the performance of the NCS was commendable, but he cautioned that deeper reforms would be needed to achieve the administration’s ambitious revenue targets.

“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,” Edun stated.

He explained that the National Single Window Initiative, a digital trade platform scheduled for full rollout in 2026, is central to the administration’s reforms. Designed to streamline import and export processes, the platform will reduce costs, eliminate unnecessary delays, and strengthen competitiveness, thereby improving the ease of doing business for the private sector.

Edun also said the federal government remained committed to modernising trade systems as part of wider efforts to ensure sustainable revenue growth.

The Minister added that the ongoing reforms are aligned with President Bola Tinubu’s broader economic strategy of stabilising inflation and exchange rates while building a transparent, technology-driven trade ecosystem that supports private investment and economic growth.

At the meeting, the NCS Board confirmed governance improvements within the Service, including senior appointments and promotions, aimed at upholding professional standards and strengthening institutional capacity.