Facebook Pixel Tinubu's Reforms Drive Customs Boom | The Business NG - newspaper - इस कहानी को Magzter.com पर पढ़ें
मैगज़्टर गोल्ड के साथ असीमित हो जाओ

मैगज़्टर गोल्ड के साथ असीमित हो जाओ

10,000 से अधिक पत्रिकाओं, समाचार पत्रों और प्रीमियम कहानियों तक असीमित पहुंच प्राप्त करें सिर्फ

$149.99
 
$74.99/वर्ष

कोशिश गोल्ड - मुक्त

Tinubu's Reforms Drive Customs Boom

The Business NG

|

The BusinessNG

Nigeria's Customs revenue hit a historic milestone in the first quarter of 2025, with collections surging to N1.3 trillion, more than double the N600 billion recorded in Q1 2023.

Tinubu's Reforms Drive Customs Boom

Comptroller-General of Customs, Bashir Adewale Adeniyi, attributed this leap not to rising imports—but to President Bola Tinubu's far-reaching reforms under his Renewed Hope Agenda.

"We collected N1.3 trillion in Q1 2025 alone. This is not due to higher import volumes. Imports have dropped due to foreign exchange constraints. What has changed is efficiency, transparency, and enforcement," Adeniyi said.

The revelation, made in a statement by presidential spokesperson Bayo Onanuga ahead of a State House documentary celebrating Tinubu's second year in office, highlights how the Customs Service has become a revenue-generating powerhouse through operational reforms and digital innovation.

The Business NG

यह कहानी The Business NG के The BusinessNG संस्करण से ली गई है।

हजारों चुनिंदा प्रीमियम कहानियों और 10,000 से अधिक पत्रिकाओं और समाचार पत्रों तक पहुंचने के लिए मैगज़्टर गोल्ड की सदस्यता लें।

क्या आप पहले से ही ग्राहक हैं?

The Business NG से और कहानियाँ

The Business NG

Petrol Marketers, Nigerians Say Dangote's N75 Price Cut Falls Short, Demand Further Reductions

Petrol marketers and consumers have described the recent ₦75 per litre reduction in the gantry price of petrol by the as insufficient, arguing that a more significant price cut is warranted following the easing of geopolitical tensions in the Middle East.

time to read

1 min

BusinessNg

The Business NG

Court Grants Stay of Execution on Judgment Ordering Deregistration of ADC, Others

A Federal High Court in Abuja has granted a stay of execution on its earlier judgment that ordered the deregistration of the African Democratic Congress (African Democratic Congress) and four other political parties.

time to read

1 min

BusinessNg

The Business NG

Katsina Governor Bans Fuel Sales in Jerry Cans, Shuts POS Operations in Two LGAs Over Security Concerns

The Governor of , , has signed a new Executive Order prohibiting the sale, purchase, transportation and storage of petroleum products in jerry cans across the state with immediate effect.

time to read

1 min

BusinessNg

The Business NG

Cooking Gas Prices May Fall to N900/kg Soon — NALPGAM

The Nigerian Association of Liquefied Petroleum Gas Marketers has projected that the price of cooking gas could decline to as low as ₦900 per kilogram by the end of 2026, if current market and supply trends persist.

time to read

1 min

BusinessNg

The Business NG

"Don't Overburden Citizens" - Nigeria Reacts to IMF Fiscal Advice

VAT Hike and New Telecom Taxes

time to read

1 min

BusinessNg

The Business NG

$5bn UAE Loan Sparks Fresh Concerns Over Nigeria's Debt Burden

Nigeria's plan to secure a $5 billion from a United Arab Emirates-based financial institution for its 2026 budget has triggered renewed concerns over the country's rising debt profile and long-term fiscal sustainability.

time to read

1 min

BusinessNg

The Business NG

Ekiti 2026: APC, PDP, ADC Battle for One Million Votes as Guber Election Enters Final Stretch

With just five days to go before Ekiti State decides its next governor, political parties have intensified last-minute mobilisation efforts ahead of a tightly contested election expected to draw about one million voters.

time to read

1 min

BusinessNg

The Business NG

N700bn FAAC Every Month: States Under Pressure as Infrastructure Deficit Persists

Nigeria's state governments collectively receive over N700 billion in monthly allocations from the Federation Account Allocation Committee (FAAC), yet questions continue to mount over persistent infrastructure gaps and uneven development outcomes across the country.

time to read

1 min

BusinessNg

The Business NG

Nigeria Surpasses OPEC Quota, Posts Highest Oil Production in 11 Months

Nigeria has exceeded its crude oil production quota under the Organization of the Petroleum Exporting Countries (OPEC), recording its highest output level in nearly a year as efforts to stabilize the country's oil sector continue to yield results.

time to read

1 min

BusinessNg

The Business NG

Nigeria's Borrowing Strategy Under Scrutiny as Revenue Increasingly Goes Into Debt Repayment

Concerns are mounting over Nigeria's rising debt profile as a growing share of government revenue continues to be allocated to debt servicing, raising questions about the sustainability of the country's borrowing strategy.

time to read

1 min

BusinessNg

Listen

Translate

Share

-
+

Change font size