Faleke-Led Joint Committee Reviews CAC, FAAN, Customs Budget Performance

Abuja — The Joint Committee of Finance and Customs of the House of Representatives, chaired by James Abiodun Faleke, on Monday, March 2, 2026, held a budget scrutiny session involving key government agencies including the Corporate Affairs Commission (CAC), the Federal Airports Authority of Nigeria, and the Nigeria Customs Service.
The session was aimed at reviewing the agencies’ revenue and expenditure records for the 2023, 2024 and 2025 fiscal years, as well as assessing their proposed estimates under the 2026 Appropriation.
During the meeting, the Comptroller-General of the Nigeria Customs Service, Bashir Adewale Adeniyi, presented the agency’s revenue performance and operational activities. He disclosed that the service had remitted 100 percent of its Internally Generated Revenue (IGR) to the Federal Government, while also giving a comprehensive account of revenues amounting to ₦5.077 trillion and ₦5.09 trillion within the reporting period.
The Customs boss also highlighted ongoing training and capacity development programmes for staff, noting that the service is working in synergy with the Federal Ministry of Solid Minerals and in collaboration with aviation security agencies to improve operational efficiency.
He further explained the efforts being made to decongest the nation’s ports, in line with the present administration’s policy direction, adding that increased levels of automation in customs operations have significantly improved efficiency and doubled the service’s achievements.
Members of the committee commended the Nigeria Customs Service for its detailed presentation and strong revenue performance. In particular, Adedeji Olajide, a member of the committee known for his strict oversight stance, personally commended the Customs administration and expressed appreciation for their efforts, while encouraging the agency to sustain the momentum and do even more in improving revenue generation and operational performance.
Meanwhile, the committee raised concerns over incomplete documentation presented by the Corporate Affairs Commission, directing the commission to reappear before the committee on March 10, 2026, with a more comprehensive report. 
Lawmakers also queried the Federal Airports Authority of Nigeria over declining annual revenues and low performance indricators in recent years.

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