Nigeria loses N34 trillion to import duty waivers
Nigeria lost N34 trillion, which represents 61 percent of the 2025 budget, to import waivers in the year 2025. The Comptroller-General, Nigeria Customs Service (NCS), Bashir Adewale Adeniyi, says the value of Import Duty Exemption Certificate (IDEC) approvals granted by the federal government for imported goods and equipment rose to N34 trillion in 2025. Adeniyi…