NCS generates N2.60trn in revenue in 2022
By Temitope Adebayo
The Nigeria Customs Service (NCS) has collected N200.16billion in revenue in 2022 and withdrew N128.64 billion (5%) as the cost of collection.
This represents a 17.4 percent rise compared to N83.51 billion received by the agency as a collection in 2021.
The figure was captured in recent revenue data released by the National Bureau of Statistics (NBS).
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The aforementioned agencies help the federal government in the collection of revenue from different sources, including Value Added Tax (VAT), and Company Income Tax (CIT).
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