Customs: Import duty waivers hit ₦34tn in 2025, affecting revenue
The Nigeria Customs Service (NCS) has disclosed that the value of Import Duty Exemption Certificate (IDEC) approvals reached ₦34 trillion in 2025, describing government-approved waivers as a major factor affecting the agency’s revenue generation. The Comptroller-General of Customs, Adewale Adeniyi, made the disclosure during an investigative session of the Senate Committee on Finance with revenue-generating agencies in Abuja. According to…
