Nigeria House queries N34tn customs waivers
Analysis based on 19 articles · First reported Jul 13, 2026 · Last updated Jul 16, 2026
The demand for transparency on ₦34 trillion waivers may lead to tighter fiscal controls and reduced incentives, potentially affecting import-dependent sectors. The scrutiny of Customs revenue reporting could result in revised targets and operational changes, impacting government revenue streams.
The House of Representatives Committee on Finance, led by Chairman Nigerian National Assembly delegation from Lagos, directed the Nigeria — Nigeria Customs Service to provide a comprehensive breakdown of approximately ₦34 trillion in import duty waivers granted in 2025, including beneficiaries, legal basis, and objectives. The committee also queried inconsistencies in Customs' revenue reporting despite exceeding targets (₦6.1 trillion in 2024 against ₦5 trillion target, ₦7.2 trillion in 2025 against ₦6 trillion target). Deputy Chairman Saidu Musa Abdullahi urged higher revenue targets. Customs Deputy Comptroller-General Kikelomo Adeola clarified that waivers are approved by the Germany — Federal Ministry of Finance (Germany), not Customs, and advocated for state investment in inland dry ports. The committee also scrutinized the Nigeria — Corporate Affairs Commission (CAC) for failing to submit audited financial statements since 2019 and owing ₦13.9 billion in unremitted operating surplus; CAC agreed to repay via quarterly payments of ₦500 million.
Set up alerts, explore entity relationships, search across thousands of events, and build custom intelligence feeds.
Open Dashboard