Duty Waivers Cut Customs Revenue in 2025 – CGC
By Oluwakemi Kindness The Nigeria Customs Service (NCS) says import duty waivers, VAT exemptions and other fiscal incentives granted by the Federal Government significantly reduced its revenue collection in 2025, despite the Service exceeding its annual revenue target. Comptroller-General of Customs, Adewale Adeniyi, disclosed this on Monday while defending the Service’s 2026 budget proposal before […]