Tin Can Customs Records Export Trade Boom, Generates N260bn in 6 Months
TIN CAN CUSTOMS COMPTROLLER OLOYEDE
The Nigeria Customs Service, Tin Can Island Port Command has recorded increase in non-oil export between January and June this year.
The Command recorded an increase of 291,436.43 mt during the six months trading as against 138,246.5 mt recorded during the same period last year.
This was contained in a press statement issued by the Command’s Public Relations Officer, Njozi Okwara,
The Customs Area Controller of the Command, Comptroller Adekunle Oloyede, was quoted in the statement as describing the increase as exponential growth in terms of volume and value during the past six months.
Oloyede was quoted saying, “There was an increase in the FOB value of the year exports and the FOB increased from N110,447,250,811 in the first half of 2022 to N182,333,764,943 in the first half of 2023, representing an increase of 65%.
“Increase of commodities exported from the command essentially includes agricultural and other allied products namely; Cocoa Butter, Cocoa Beans, Cashew Nut, Sesame Seeds, Rubber, Empty bottles and copper ingots.
“Within the period under review, the Command participated in several symposiums to incentize non-oil export, the Command participated in the CBN RT200fx where a lot of benefits to export trade were highlighted.”
The Command recorded N260,256,942,120.69 in the first half of the year under review, according to the statement.
The Controller added, “The first half collection in 2023 runs at a variation with the first half of 2022 with a total collection of N274,320,715,178.78 on a difference of N14,063,773,058.09.”
A breakdown of the revenue showed that the Command collected N42,536,336,038.11 in January, N41,518,738,649.09 – February, N42,803,114,544.11 – March, April – N36,511,681,057.09, May – N46,485,639,728.79 and N50,401,432,103.50 in June.
Oloyede said that the Valuation Unit, Customs Police Unit, Customs Intelligence Unit and Post Clearance Audit played critical roles which translated to the attainment of the revenue drive.
Oloyode also said that the Tin Can Island Command Anti-smuggling drive yielded remarkable successes in the first half of 2023.
He said that during the period a total of 1442 Packets of Colorado Indica with a combined weight of 519.45kg were seized following 100% joint physical examination of 8 containers.”
He said, “The total street value according to NDLEA sources is N721,000,000.00. The means of conveyance in these cases, with the substance and two (2) suspects were handed over to NDLEA in strict compliance with the Service Headquarters’ directive.
The Command recorded an increase of 291,436.43 mt during the six months trading as against 138,246.5 mt recorded during the same period last year.
This was contained in a press statement issued by the Command’s Public Relations Officer, Njozi Okwara,
The Customs Area Controller of the Command, Comptroller Adekunle Oloyede, was quoted in the statement as describing the increase as exponential growth in terms of volume and value during the past six months.
Oloyede was quoted saying, “There was an increase in the FOB value of the year exports and the FOB increased from N110,447,250,811 in the first half of 2022 to N182,333,764,943 in the first half of 2023, representing an increase of 65%.
“Increase of commodities exported from the command essentially includes agricultural and other allied products namely; Cocoa Butter, Cocoa Beans, Cashew Nut, Sesame Seeds, Rubber, Empty bottles and copper ingots.
“Within the period under review, the Command participated in several symposiums to incentize non-oil export, the Command participated in the CBN RT200fx where a lot of benefits to export trade were highlighted.”
The Command recorded N260,256,942,120.69 in the first half of the year under review, according to the statement.
The Controller added, “The first half collection in 2023 runs at a variation with the first half of 2022 with a total collection of N274,320,715,178.78 on a difference of N14,063,773,058.09.”
A breakdown of the revenue showed that the Command collected N42,536,336,038.11 in January, N41,518,738,649.09 – February, N42,803,114,544.11 – March, April – N36,511,681,057.09, May – N46,485,639,728.79 and N50,401,432,103.50 in June.
Oloyede said that the Valuation Unit, Customs Police Unit, Customs Intelligence Unit and Post Clearance Audit played critical roles which translated to the attainment of the revenue drive.
Oloyode also said that the Tin Can Island Command Anti-smuggling drive yielded remarkable successes in the first half of 2023.
He said that during the period a total of 1442 Packets of Colorado Indica with a combined weight of 519.45kg were seized following 100% joint physical examination of 8 containers.”
He said, “The total street value according to NDLEA sources is N721,000,000.00. The means of conveyance in these cases, with the substance and two (2) suspects were handed over to NDLEA in strict compliance with the Service Headquarters’ directive.
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