Nigeria Customs Seeks Review of N1.68tn in Import Duty Waivers

Nigeria Customs chief Bashir Adeniyi called for a review of import duty concessions granted in 2024 and valued at N1.68 trillion, to assess whether they meet their economic aims or unnecessarily deprive the government of revenue. Speaking at a lecture at the University of Ibadan, he said Customs collected N7.28 trillion in 2025, exceeding its target, and about N4.03 trillion in the first half of 2026. Adeniyi said the Service would pursue its 2026 revenue target through compliance, digitalisation and action against trade fraud without obstructing legitimate commerce. He also noted that import duties contribute to the Federation Account, which is shared among Nigeria’s three tiers of government.