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Nigeria's Customs Service reports a 29.96% revenue increase and a 78.41% rise in seized goods' value in Q1 2025.
The Nigeria Customs Service (NCS) reported a 29.96% increase in revenue to ₦1.75 trillion in the first quarter of 2025, surpassing its target.
The NCS also saw a 78.41% rise in the value of seized goods compared to the previous quarter.
Despite these gains, the NCS faces challenges like exchange rate volatility and US tariffs on Nigerian exports.
The service has also supported food security by reducing import duties on essential foods, leading to lower food prices.
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El Servicio de Aduanas de Nigeria informa un aumento del 29,96% en los ingresos y un aumento del 78,41% en el valor de las mercancías incautadas en el primer trimestre de 2025.