The Nigeria Customs Service (NCS) disclosed that import duty exemption certificate approvals reached ₦34 trillion in 2025, impacting revenue generation.

Comptroller-General Adewale Adeniyi explained that government fiscal policies, including waivers for military hardware, CNG, electric vehicles, and healthcare equipment, contributed to this figure.

While acknowledging the economic rationale behind these exemptions, Adeniyi emphasized the need for stronger monitoring to ensure they deliver intended outcomes like lower prices and local production.The Senate Committee on Finance expressed concerns over absent agency heads and warned of sanctions for non-compliance.The report highlights the tension between fiscal policies and customs revenue, underscoring the broader economic implications of duty waivers.