Reps. committee adopts customs’ N11.07trn revenue target for 2026
Abuja, July 2026 (TBL Africa) The House of Representatives Committee on Customs and Excise has adopted the Nigeria Customs Service (NCS) 2026 budget, including a revenue target of N11.07 trillion for the financial year.
The adoption followed an overwhelming majority vote by members of the committee during a budget defence session on Monday in Abuja.
Presenting the budget proposal, Comptroller-General of Customs, Mr Adewale Adeniyi, said the revenue target comprised N5.54 trillion for the Federation Account, N1.49 trillion for Non-Federation revenue, N2.77 trillion for Import VAT and N1.266 trillion for Free-On-Board (FOB).
Adeniyi recalled that the service exceeded its 2025 revenue target of N6.58 trillion by generating N7.25 trillion, representing an increase of N1.153 trillion or 18.89 per cent above the approved target.
For the 2026 fiscal year, he proposed a capital expenditure of N681.69 billion, including N33.57 billion for new projects, N407.87 billion for supplies, N164.70 billion for ongoing works and N1.23 billion for liabilities.
He said a total of N307.77 billion was earmarked for overhead costs to cover the day-to-day administrative expenses of the service.
According to him, N20 billion is allocated for staff loans and advances, while N8.62 billion will fund maintenance of buildings, plants, generators, aircraft, sea boats, vehicles and office equipment.
Adeniyi added that N6 billion would be spent on utilities, office supplies, computer consumables, printing of security documents, medical supplies, uniforms and training materials.
He said N421.70 billion had been proposed for personnel costs covering 15,569 existing personnel and 3,927 officers expected to be recruited.
According to him, N355.39 billion is allocated for salaries and allowances, while N15.16 billion is provided for employer contributions under the National Pension Scheme.
The customs boss said the service received N808.86 billion out of its approved 2025 budget of N1.132 trillion, representing 71.42 per cent implementation.
He said N116.78 billion was spent on overheads, N268.82 billion on capital projects and N205.54 billion on concessionaires.
In his remarks, Chairman of the Committee, Rep. Leke Abejide (APC-Kogi), said the committee had reviewed the 2025 budget performance and the 2026 proposal before adopting it as a working document.
He added that the committee would present its report to the House for consideration and final legislative approval on Wednesday.
