Tin Can Customs Records N179,2bn in Six Months, 52.28% of Annual Target
*Handles 150,930.7 MT of export
The Tin Can Island Command of the Nigeria Customs Service (NCS) Thursday announced a revenue generation of N179,2bn in six months.
The figure represents 52 percent of the annual revenue target for the Command.
A comparative review of the preceding year 2018 indicated that the Command realized N6,761bn higher than the figure for the same period last year which was N172,5bn.
This was disclosed in a statement made available by the PublicRelations Officer of the Command, Mr Uche Ejesieme.
The Customs Area Controller, Mr MBA Musa in the statement also disclosed that the Command achieved a total of 150,930.7 Metric Tonnes (MT) of Export with FOB value of N68,887,226,493.00.
It will be recalled that the Command, during the preceding year of 2018, recorded 118,452.87MTS of Export with FOB of (N63,109,427.00.
Musa said that the milestones recorded in the area of export is clearly indicative of awareness by stakeholders on the available opportunities inherent in export business.
He said that the Command will continue to sensitize and encourage would be exporters.
Musa who said the Command will leave no stone unturned in the area of anti-smuggling disclosed that Command recorded seizures of 5 x 40ft and 4 x 20ft containers consisting of various uncustom goods during the period under review.
According to him, the seized goods include used tyres, used rims, bags of rice, cartons of Tramadol and other pharmaceuticals with a total Duty Paid Value N1,159,215,637.00.
Musa said the Command will continue to ensure that examination and releasing officers remain proactive in the discharge of their statutory functions.
He added that the Command will continue to strive for excellence in achieving the mandate of the Comptroller General of Customs, Col Hameed Ibrahim Ali(Rtd) and his able management.
Part of the statement reads: “In the same vein, efforts will remain in top gear towards the removal of Bureaucratic bottlenecks and impediments in the trade value chain. Our ultimate aim is not just to key into the Presidential Directives on Ease of Doing Business which is in line with World Customs Organization’s (WCO) Trade Facilitation Agenda but to be seen as being at the vanguard”.
COMPARATIVE ANALYSIS OF REVENUE COLLECTION FOR JANUARY TO JULY 10TH , 2018 & 2019
MONTH 2018 2019 DIFF.
JAN N29,452,828,367.07 N29,673,697,990.28 N 220,869,623.21
FEB N23,442,797,876.78 N23,193,394,887.15 N 249,402,989.63
MAR N23,894,094,863.49 N25,990,013,289.84 N2,095,918,426.35
APR N28,043,874,501.34 N27,787,537,749.98 N 256,336,751.36
MAY N30,128,766,737.05 N32,389,975,673.28 N2,261,208,936.23
JUNE N27,500,689,011.10 N28,857,135,904.21 N1,356,446,893.11
JULY (1ST-10TH) N10,051,307,720.00 N11,383,873,676.00 N1,332,565,956.00
TOTAL N172,514,359,076.83 N179,275,629,170.74 N6,761,270,093.91
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