The Minister of Finance and Coordinating Minister of the Economy, Mr. Wale Edun, disclosed this at the 62nd meeting of the Customs Board, according to a statement by Director of Information and Public Relations of the Federal Ministry of Finance, Mr. Mohammed Manga, in Abuja, yesterday.
Edun attributed the performance which was 12.5% above budget and 25% higher than the same period last year, to the reforms of the present administration, including the National Single Window initiative.
Customs recorded a revenue of N1.3 trillion in the first quarter of 2025, more than double the N600 billion collected during the same period last year- a feat the service attributed to efficiency, transparency, and enforcement.
The federal government gave the Service a revenue target of N6.584tn in the 2025 Fiscal Year. However, the Senate Committee on Customs, in June raised the target to N10 trillion.
The minister described the half-year performance as commendable and called for deeper reforms to meet the administration’s ambitious revenue goals.
The National Single Window Initiative, a digital trade platform, set for full rollout in 2026, is designed to streamline import and export processes, reduce delays, costs, and boost competitiveness, creating a stronger, more efficient 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 was quoted as saying.
Edun reaffirmed the government’s commitment to modernising trade systems and boosting revenue as Customs’ performance continues to exceed expectations.
