The Sea Empowerment and Research Centre (SEREC) has urged the Nigeria Customs Service (NCS) to adopt policies that foster the growth of Nigeria’s manufacturing and export sectors. Eugene Nweke, the Head Researcher at SEREC, made the call during an interview with the News Agency of Nigeria (NAN) in Abuja.
Nweke urged the NCS to focus on broader economic implications, such as revenue optimisation, digital transformation, and stakeholder engagement amid the call to generate more revenue. He emphasised the importance of maintaining a balance between revenue generation and economic growth, adding that while revenue is crucial, the pressure to meet higher targets could negatively impact the manufacturing and export sectors. NAN recalls that the Senate Committee on Customs recently directed the NCS, during its 2025 budget defence, to raise its revenue target from ₦6.58 trillion to ₦10 trillion.
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