Edun heads 62nd NCS Board meeting, pushes for more success amid Q1 achievements
Agency Report
The 62nd regular meeting of the Nigeria Customs Service (NCS) Board was held on April 29, 2025, at the Service’s Headquarters in Maitama, Abuja. The session was chaired by the Minister of Finance and Coordinating Minister of the Economy, Wale Edun, who led a high-powered delegation to assess the Service’s first-quarter performance and chart the path forward.
The board meeting served as a statutory forum to evaluate the Service’s operational strategies, fiscal contributions, and reform-driven activities, particularly in light of its Q1 2025 performance. During the quarter, the NCS recorded a historic ₦1.75 trillion in revenue, exceeding its target by ₦106.5 billion and marking a nearly 30% increase compared to the same period in 2024.
Following the meeting, the Minister expressed satisfaction with the Service’s progress so far but emphasized the need to scale up efforts to meet the country’s economic demands.
“As it is expected and required, there is an improvement in the revenue of the Service and it is slightly above what was budgeted for the first quarter. However, much more is required and much more is expected of an institution that is so pivotal in terms of revenue,” he states.
Minister Edun described the board meeting as productive and reaffirmed the importance of strong governance and accountability within public institutions.
“It was a good meeting. It’s important that we maintain corporate governance oversight and consultation through these regular statutory meetings and at the end of the day we will always be asking that we do more to improve the revenue, the services and the operations of Nigerian Customs Service—all in an effort to aid the Nigerian economy and serve the good people of Nigeria”, he remarks.
The meeting also touched on modernization initiatives such as the expansion of the B’Odogwu Unified Customs Management System, the implementation of the Authorized Economic Operators (AEO) programme, and enhanced anti-smuggling efforts—all aimed at boosting trade facilitation and national security.
With the backing of the Finance Ministry, the Nigeria Customs Service is expected to deepen reforms, drive innovation, and contribute even more significantly to national revenue, economic stability, and public service delivery in the months ahead.
