Nigeria Customs AEO Program Revenue Surge
Analysis based on 14 articles · First reported Feb 19, 2026 · Last updated Feb 20, 2026
The positive results of the AEO program, including increased revenue and improved trade efficiency, are expected to boost investor confidence in Nigeria's trade environment. The suspension of a non-compliant company signals a commitment to regulatory integrity, which is generally positive for market stability.
The Nigeria===Nigeria Customs Service (NCS) announced a significant revenue increase of N362.79 billion from its Authorised Economic Operator (AEO) Programme, with certified companies' revenue rising by 29.68%. The program contributed 21.77% to the NCS's total 2025 revenue collection. Trade facilitation also improved, with average cargo clearance time dropping by 75.60% and company operating costs declining by 57.2%. Demurrage payments fell by 90%, reducing capital flight and strengthening foreign exchange retention for Nigeria. The NCS commended several companies, including Coleman Technical Industries Limited, WACOT Rice Limited, and MTN Nigeria Communications, for voluntary remittances. However, the Comptroller-General of Customs, Bashir Adewale Adeniyi, ordered the immediate suspension of a recently certified AEO company for false declaration of consignments, emphasizing the program's reliance on trust and compliance, aligned with the World Customs Organization's SAFE Framework.
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