Oil & Gas Free Trade Zone Drives Investment, Economic Growth – Comptroller Nyong
Oil & Gas Free Trade Zone Drives Investment, Economic Growth – Comptroller Nyong
By Bashir Rabe Mani in Sokoto
The Nigeria Customs Service (NCS), Oil and Gas Free Trade Zone Command, says the strategic role of the Oil and Gas Free Trade Zone in attracting investments, supporting industrial activities and facilitating international trade is contributing significantly to Nigeria’s economic growth, as the Command recorded a historic revenue collection of ₦21.8 billion in August 2026.
The Customs Area Controller, Comptroller Immaculata Nyong, said this while speaking to stakeholders at the Command’s Headquarters in Onne on the record-breaking monthly revenue performance, which represents the highest revenue collection in the Command’s history.
According to the Comptroller, the August collection of ₦21,797,527,617.84 pushed the Command’s total revenue generation between January and August 2026 to ₦70.1 billion, underscoring the growing economic importance of activities within the Free Trade Zone.
She noted that a well-functioning Free Trade Zone catalyses investment and industrial development by creating an enabling environment for businesses while ensuring that all applicable Customs obligations are properly accounted for.
Comptroller Nyong explained that the benefits of improved revenue collection extend beyond government coffers, stressing that increased revenue can support infrastructure development, enhance public services, and strengthen the country’s overall economic capacity when effectively utilised.
The Customs boss attributed the milestone to the reform-driven leadership of Comptroller-General of Customs Bashir Adewale Adeniyi and the Service’s efforts to strengthen revenue collection, improve operational efficiency, and facilitate legitimate trade through technology-driven processes and enhanced compliance measures.
She also commended officers and men of the Command, as well as stakeholders operating within the Free Trade Zone, for their dedication and cooperation, assuring that the Command would remain committed to promoting trade facilitation, revenue generation, and economic development in line with the mandate of the Nigeria Customs Service.
