Bashir Adeniyi, Comptroller-General of the Nigeria Customs Service (NCS), has disclosed that the value of Import Duty Exemption Certificate (IDEC) approvals granted by the Federal Government rose to about N34 trillion in 2025.
Adeniyi made the disclosure on Monday during an investigative hearing of the Senate Committee on Finance in Abuja.
He said the import duty exemptions had significantly affected the service’s revenue generation, although many of the waivers were introduced to support critical national priorities.
According to him, about 60 per cent of the approved waivers were granted for the importation of military hardware in response to the country’s security challenges.
He said other beneficiaries included importers of compressed natural gas (CNG), electric and hybrid vehicles, healthcare equipment and medical supplies, industrial machinery, manufacturing inputs and food intervention programmes.
“IDEC approvals reached about N34 trillion in 2025, about 60 per cent of which was rightly granted for military hardware procurements due to Nigeria’s prevailing security challenges,” Adeniyi said.
The Comptroller-General noted that the introduction of the IDEC scheme in March 2020 had remained one of the major fiscal policies affecting Customs revenue.
He said the service would have generated significantly higher revenue over the years if not for government fiscal measures and other external factors that reduced its revenue base.
Adeniyi, however, maintained that fiscal policy should not be evaluated solely on the basis of revenue generation.
He said government interventions through duty waivers were intended to stimulate economic growth, improve healthcare delivery, encourage industrial production and address national security concerns.
He urged the Federal Government to strengthen monitoring mechanisms to ensure that beneficiaries of import duty waivers achieved the intended objectives, including reducing prices, increasing production and improving access to essential goods and services.
The Customs boss also disclosed that the service generated N7.28 trillion in revenue in 2025.
He added that out of the N11.04 trillion revenue target for 2026, the service had realised N4.5 trillion as of June 30.
Adeniyi expressed optimism that the service would continue implementing measures aimed at improving revenue collection while supporting government fiscal policies.
