More
    HomeBusinessCustoms proposes N1.13trn budget to NASS for 2025

    Customs proposes N1.13trn budget to NASS for 2025

    Published on

    The Nigeria Customs Service (NCS) has proposed a N1.13 trillion budget for its 2025 operations, targeting improved revenue generation and more efficient service delivery nationwide.

    The proposal was presented in Abuja on Monday by the Deputy Comptroller-General in charge of Finance, Administration, and Technical Services, Mr. Bello Jibo, during a 2025 budget defence session before the House of Representatives Committee on Customs and Excise, according to the News Agency of Nigeria.

    The budget allocates N247.1 billion (21.8%) for personnel costs, N239.9 billion (21.1%) for overhead, and N645.4 billion (56.9%) for capital projects.

    Jibo appealed to lawmakers to approve the plan to support seamless operations in the coming year.

    According to a report, the statement read in part: “The Nigerian Customs Services (NCS) has earmarked the sum of N1.13 trillion for the 2025 operations of the service aimed at boosting revenue generation for the country.

    “The Deputy Comptroller-General in charge of Finance, Administration and Technical Services, Mr Bello Jibo, made this known on Monday in Abuja. Jibo spoke at the 2025 budget defence session organised by the House of Representatives Committee on Customs and Excise.

    “In his presentation, Jibo said the sum of N247.1 billion, which represents 21.8 per cent of the budget, is for Personnel costs.

    “He said that the sum of N239.9 billion, which represents 21.1 per cent of the budget, is for Overhead Cost while the sum of N645.4 billion, which represents 56.9 per cent, is for Capital Cost.”

    Latest articles

    Students Celebrate as NELFUND Disburses Monthly Upkeep Allowances Nationwide

    Students across various tertiary institutions in Nigeria have expressed excitement and appreciation following the...

    Uburu community alleges politicisation over Mary Hahila’s death

    From Chijioke Ufoh, Abakaliki ‎ ‎The people of Uburu in Ohaozara Local Government Area of Ebonyi...

    US Introduces changes to visa management for Nigerians, others

    ‎ ‎The US Department of Homeland Security (DHS) has introduced a new rule that would...

    Zaki-Biam: Aondoakaa acted within law, PDP replies Gov Alia’s aide

    From Msuur Akase, Makurdi ‎ ‎The Peoples Democratic Party (PDP) has faulted claims by Governor Hyacinth...

    More like this

    Students Celebrate as NELFUND Disburses Monthly Upkeep Allowances Nationwide

    Students across various tertiary institutions in Nigeria have expressed excitement and appreciation following the...

    Uburu community alleges politicisation over Mary Hahila’s death

    From Chijioke Ufoh, Abakaliki ‎ ‎The people of Uburu in Ohaozara Local Government Area of Ebonyi...

    US Introduces changes to visa management for Nigerians, others

    ‎ ‎The US Department of Homeland Security (DHS) has introduced a new rule that would...