CGC Adeniyi the game changer …Hits N3.2trillion in 2023

CGC Adeniyi the game changer :
Hits N3.2trillion in 2023

…Adeniyi, loyalty is his watch word  

The Comptroller General of Nigeria Customs Service (NCS), CGC Bashir Adewale Adeniyi MFR, is more than a goal-getter, he is indeed a game changer. A Customs officer loyal, dedicated and committed to the service of his fatherland.

Only few months in office, he has succeeded in changing the modus- operandi of Customs activities with an impressive revenue record of over N3.2 trillion achieved in 2023 fiscal year.

N3.2 trillion revenue collection is unprecedented in the history of Nigeria Customs Service. This giant stride is something commendable to show for the dynamic leadership of CGC Adeniyi. He has demonstrated unwavering commitment, showing in all ramifications that loyalty to the Nigerian nation remains his watch word.

Obviously, Adeniyi, known to be proactive and result-oriented is bringing fresh impetus and intelligence to bear in Customs operations, thereby enhancing service delivery by putting his subordinates on their toes.

For instance, the significant milestone in revenue generation of N3.2 trillion shows 21.4 percent increase from N2.6 trillion recorded in year 2022.

Speaking during a press conference  on Wednesday, the Customs Boss explained that the growth in revenue collection aligns with Customs consistent upward trajectory, as evidenced by 17.88 percent revenue increase realised in 2022.

The CGC pointed out :  “The consecutive expansion in revenue underscores the Service’s sustained efforts in optimising revenue collection for the Federal Government. This exemplifies our ability to adapt to dynamic economic conditions.

“This achievement is particularly remarkable given the challenges within the operational environment. Operational challenges such as lower transaction volumes, compliance issues, inadequate infrastructure and capacity gaps compounded by delays in policy implementation and socio-political factors.

“The anxiety associated with a major election year, the prolonged cash crunch linked to introduction of higher denominations of the new Naira notes, temporarily
impacted purchasing power and overall economic activities.”

The CGC stressed : “The transition of
power to President Bola Ahmed Tinubu-led Administration brought about new policy direction, including the removal of fuel subsidy, floating of exchange rate and closure of Nigeria’s Northern borders with Niger Republic, adding another layer of complexity.

“These challenges led to a revenue shortfall of 532 billion in the first
half of the year, falling short of the projected revenue target”.

However, a positive transformation occurred in the later part of the year,
following appointment of CGC Adeniyi, as the new Comptroller-General in July. That was accompanied by a merit-based reconstitution of the management team, resulting in a significant shift that enabled the Service to exceed monthly revenue targets by 6.71percent for the first time in 2023.

Going forward, CGC Adeniyi and his officers are working assiduously to enhance trade facilitation and collect more revenue to support the renewed hope agenda of President Tinubu in economic transformation.