The Senate has officially approved the 2026 budget proposal for the Nigeria Customs Service (NCS), endorsing an ambitious revenue collection target of ₦11.074 trillion and a total expenditure package of ₦1.295 trillion for the 2026 fiscal year.
The greenlight followed the comprehensive presentation and consideration of a report by the Senate Committee on Customs, Excise, and Tariffs, led by its Chairman, Senator Isah Jibrin, during Wednesday’s plenary session.
While reviewing the agency’s previous fiscal performance, Senator Jibrin revealed that the NCS significantly exceeded its 2025 revenue target of ₦6.5 trillion, successfully generating ₦7.2 trillion representing an impressive 110.53 percent performance rate.
The committee noted that this stellar performance was achieved despite major economic headwinds, including the suspension of the telecoms excise duty, healthcare production incentives, and global trade disruptions stemming from the Russia-Ukraine conflict, which heavily impacted critical imports like wheat.
The newly approved 2026 expenditure budget of ₦1.295 trillion is strategically structured to enhance operational efficiency and infrastructural growth:
Capital Projects: ₦565 billion (including vital rolled-over projects from 2025 delayed by BPP and FEC regulatory approvals)
Personnel Costs: ₦421 billion
Overhead Costs: ₦307 billion
The budget will be primarily funded through the statutory 4% Free on Board (FOB) levy as prescribed under the Nigeria Customs Service Act, 2023.
To comfortably meet the historic ₦11.074 trillion revenue target, the Senate Committee emphasized that the Customs Service will aggressively deploy advanced technological solutions, optimize its revenue recovery frameworks, and implement aggressive, real-time audit systems across Nigeria’s borders and ports.
Following the committee’s strong recommendation, the Senate unanimously passed the budget estimates, reinforcing its commitment to supporting robust revenue generation and economic stability for the nation.
