By Kayode Araba
Thus, the Chairman of the Senate Committee on Customs, Senator Jibrin Echuochuo, has commended President Bola Tinubu for his unwavering support for the ongoing reforms in the Nigeria Customs Service (NCS), noting that the administration’s patience, confidence and commitment have strengthened revenue generation, boosted investor confidence and improved economic activity.
Moreso, speaking during the defence of the Nigeria Customs Service’s 2026 budget proposal before the Senate Committee, Senator Echuochuo said the President remained steadfast despite the challenges associated with the reform process.
The chairman alluded to the fact that the reforms have delivered tangible results, including improved revenue generation, increased participation in the economy and stronger investor confidence.
Furthermore, the lawmaker also appreciated President Tinubu for approving a six-month extension of the Service’s mandate he stressed that tax revenue remains one of the Federal Government’s major sources of income and urged sustained commitment to implementing key projects and reforms throughout 2026.
However, presenting the Service’s budget performance, the Comptroller-General of Customs disclosed that the NCS exceeded its revenue target for the review period, generating ₦7.27 trillion between January and May against a target of ₦6.5 trillion.
He explained that the performance represented a 10.2 per cent increase over the corresponding period in 2025 despite several policy and economic challenges.
Also, the Customs boss, pointed out that the suspension of the proposed excise duty on telecommunications services and the non-implementation of the Green Tax significantly affected projected revenue.
