Tin Can Customs Command Records 139% Revenue Surplus in Q1
Comptrroller Nnadi
By Our Reporter
The Tin Can Island Port Command of the Nigeria Customs Service (NCS) has recorded impressive revenue record for the first quarter of the year.
The Command recorded a total collection of ₦303,937,547,265.47 in the first quarter of 2024.
This is against ₦126,858,189,231.31 recorded in the same period of 2023, according to the Public Relations Officer of the Command, Ngozi Okwara, in a press statement issued on Wednesday.
The command collected a total ₦88,430,126,122.72 in the month of January 2024, which indicates a 107.9% upscale from the revenue collected for same period of January 2023 ; ₦42,536,336,038.11.
Part of the statement reads, “ In the month of February 2024, the command generated ₦100,399,354,887.71, this is 141.8% higher than the value collected in the same period in 2023 which is ₦41,518,738,649.09.
“ In the month of March 2024, the Command recorded the sun of ₦115,108,066,256.20 as against ₦42,803,114,544.11 collected for March 30 2023; this is 163.9% increase”.
The Controller of the Command, Dera Nnadi, according to the statement while welcoming stakeholders from the Easter and Sallah holidays congratulated officers and men of the Command for embracing service delivery and teamwork which resulted to the Area Command surpassing it’s first Quarter Revenue Target for 2024 by 139% with a difference of (₦177,079,358,035.36 when compared to the same period of the year 2023.
“All effort out into place by all Units in the Area Command for this success recorded is highly appreciated”, the statement said.
The Command in the effort to create a level playing field for importers and stakeholders, encouraged stakeholders’ approach for the establishment of new terminals.
Activities have long commenced at the terminals, the statement added.
The Command said export trade recorded exponential growth within the same period under review.
“Comparatively, tonnage of goods exported via TCIP increased from 145,906.33 mT in 2023 to 251,679.89 mT in 2024 and represents an increase of 95.3%. Also, there is an over 300% increase in the FOB value of the exports from Eighty Billion, Nine Hundred and Ninty-Three Million, Five Hundred and Eighty Thousand, Seven Hundred and Ten Naira (N80,993,580,710) to Two Hundred and Eighty -Seven Billion, Seven Hundred and Ninty-Two Million,Seven Hundred and Sixty-Seven Thousand, Four Hundred and Fifteen Naira (N287,792,767,415.00) of Q1 2023 and 2024 respectively.
“ Exports from the Command includes essentially Agricultural and other allied products, namely; Coca-Butter, Cocoa Beans, Cashew Nuts etc”
The Tin Can Island Port Command of the Nigeria Customs Service (NCS) has recorded impressive revenue record for the first quarter of the year.
The Command recorded a total collection of ₦303,937,547,265.47 in the first quarter of 2024.
This is against ₦126,858,189,231.31 recorded in the same period of 2023, according to the Public Relations Officer of the Command, Ngozi Okwara, in a press statement issued on Wednesday.
The command collected a total ₦88,430,126,122.72 in the month of January 2024, which indicates a 107.9% upscale from the revenue collected for same period of January 2023 ; ₦42,536,336,038.11.
Part of the statement reads, “ In the month of February 2024, the command generated ₦100,399,354,887.71, this is 141.8% higher than the value collected in the same period in 2023 which is ₦41,518,738,649.09.
“ In the month of March 2024, the Command recorded the sun of ₦115,108,066,256.20 as against ₦42,803,114,544.11 collected for March 30 2023; this is 163.9% increase”.
The Controller of the Command, Dera Nnadi, according to the statement while welcoming stakeholders from the Easter and Sallah holidays congratulated officers and men of the Command for embracing service delivery and teamwork which resulted to the Area Command surpassing it’s first Quarter Revenue Target for 2024 by 139% with a difference of (₦177,079,358,035.36 when compared to the same period of the year 2023.
“All effort out into place by all Units in the Area Command for this success recorded is highly appreciated”, the statement said.
The Command in the effort to create a level playing field for importers and stakeholders, encouraged stakeholders’ approach for the establishment of new terminals.
Activities have long commenced at the terminals, the statement added.
The Command said export trade recorded exponential growth within the same period under review.
“Comparatively, tonnage of goods exported via TCIP increased from 145,906.33 mT in 2023 to 251,679.89 mT in 2024 and represents an increase of 95.3%. Also, there is an over 300% increase in the FOB value of the exports from Eighty Billion, Nine Hundred and Ninty-Three Million, Five Hundred and Eighty Thousand, Seven Hundred and Ten Naira (N80,993,580,710) to Two Hundred and Eighty -Seven Billion, Seven Hundred and Ninty-Two Million,Seven Hundred and Sixty-Seven Thousand, Four Hundred and Fifteen Naira (N287,792,767,415.00) of Q1 2023 and 2024 respectively.
“ Exports from the Command includes essentially Agricultural and other allied products, namely; Coca-Butter, Cocoa Beans, Cashew Nuts etc”
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