Reps approve Customs’ N369bn budget, raises revenue target by N965bn

The House of Representatives Committee on Customs and Excise has approved a budget with estimates totalling N369.14bn for the Nigeria Customs Service in 2022.

The House also raised Customs’ revenue target for the next fiscal year by N965.42bn to N3.019tn.

The Controller-General of the NCS, Col. Hameed Ali (retd.), on Monday, led the management staff of the paramilitary agency to appear before the committee for 2021 budget appraisal and 2022 budget defence.

Reviewing the 2021 budget performance, Ali, in his presentation to the committee, noted that the approved revenue target for the year was N1.679tn, while Customs collected total revenue of N1.716tn for the period of January to December 2021.

– Punch