Senate Approves 2026 Nigeria Customs Service Budget

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Senate Approves 2026 Nigeria Customs Service Budget

Nigerian Senate has formally approved the 2026 budget of the Nigeria Customs Service, endorsing an ambitious revenue target of 11.074 trillion naira alongside an expenditure estimate of 1.295 trillion naira. This approval marks a significant step in strengthening the fiscal framework for the service, which plays a vital role in national revenue generation, border security, and trade facilitation.

The figures reflect the Senate’s confidence in the Customs Service’s capacity to deliver higher revenue while operating within prudent spending limits for the coming fiscal year. The decision came after thorough consideration and adoption of the report presented by the Senate Committee on Customs, Excise and Tariffs, chaired by Senator Isah Jibrin.

Lawmakers expressed satisfaction with the committee’s recommendations, highlighting the need for enhanced operational efficiency and modernization within the service to meet the set revenue goals. This budgetary endorsement is expected to empower the Nigeria Customs Service to improve its infrastructure, technology, and workforce capabilities in line with evolving national economic priorities.

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