Customs generally play a private role in the economic life of any county. There is hardly any sector of the economy that is not directly or indirectly by the activities of customs. The functions of the Nigeria customs service include, but not limited to the following:
- Collection of revenue (import/excise duties & other taxes (levies ) and accounting of same:
- Anti –smuggling activities
Security functions
- Generating statistics for planning and budgetary purposes,
- Monitoring foreign exchange utilization etc
- Engaging in research planning and enforcement of fiscal polices of government
- Manifest processing
- Licensing and registration of customs agents
- Registration and designation of collecting banks and working in collaboration with other government agencies in all approved ports and border station