HomeEconomyNigerian Senate Approves Over 250 Billion Naira 2021 Budget For Customs

Nigerian Senate Approves Over 250 Billion Naira 2021 Budget For Customs

On Tuesday (the 20th of April), the Nigerian Senate approved 257billion naira for the 2021 budget of the Nigeria Customs Service.

From the approved budget, two billion naira was set out to cater for the welfare incentive for retiring staff. Another 180 million naira was also put aside for fumigation.

A target revenue of 1.678 trillion naira, was also approved by the Nigerian Senate for Customs agency in 2021.

Customs

Out of the N257,183,671,694.71 approved for Customs as its 2021 budget, capital expenditure is to take up N137,933,180,013.00 while Personnel and Overhead Costs are to claim N99,719,722,681.71 and N19,530,769,000.00 respectively.

We await more details on the matter.

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