Customs reaffirms Lagos its cash cow, generating 70% of revenue

Lagos

Customs reaffirms Lagos its cash cow, facilitated by synergy with state govt

By Jeph Ajobaju, Chief Copy Editor

Lagos generates 70% of the monthly revenue of the Nigeria Customs Service (NCS), according to Comptroller General (CGC) Adewale Adeniyi, highlighting the importance of the two seaports in Apapa and Tin Can Island in Nigeria’s richest state.

Adeniyi disclosed the Lagos State government is also planning a new collaboration with the NCS to lift economic growth and prosperity nationwide.

He was speaking in Lagos during the CGC 2023 Conference with the theme “Leveraging Data Analytics for Secure and Efficient Trade Facilitation in Customs operations”.

“Lagos houses 40 per cent of our commands, contributing over 70 per cent of our monthly revenue. It is not just a location on the map; it is a cornerstone for Nigeria Customs Service, symbolising the integral role in the economic narrative of our great nation,” Adeniyi said.

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Synergy between Customs and Lagos government

“And as we navigate through the agenda of today, we will hope that the synergy of Lagos and Customs inspire us to enhance operations and contribute significantly to the economic prosperity of Nigeria,” Adeniyi added, per The PUNCH.

“Customs has evolved into a vital catalyst for economic growth and development in this era, characterised by relentless change.

“Customs has emerged as a paragon of resilience and adaptability, eagerly embracing technology and global best practices to remain at the forefront of its mission and standing at a crossroads of innovation, and tradition.”

Lagos Governor Babajide Sanwo-Olu reiterated at the event the state will continue to ensure “it has all the capability and capacity to be resilient, resourceful, and be the beacon that holds the nation together.

“We are indeed excited with what Lagos and NCS have built. We want to make this place a bigger home for you. We want to make it a nicer environment for you.”

Jeph Ajobaju:
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