• Privacy Policy
  • Terms
  • About us
  • Contact Us
  • Staff Email
Thursday, May 15, 2025
  • Login
TheMattersPress
  • Home
  • News
  • Features
  • Thematterspress
  • Multimedia
    • Audio
    • Photo
    • Video
  • About us
  • Contact Us
No Result
View All Result
  • Home
  • News
  • Features
  • Thematterspress
  • Multimedia
    • Audio
    • Photo
    • Video
  • About us
  • Contact Us
No Result
View All Result
TheMattersPress
No Result
View All Result
Home Economy/Technology

Customs TinCan Island Command generates N135.44bn

Customs

The Matters Press by The Matters Press
April 13, 2022
Reading Time: 2 mins read
0
Customs generates N493.75bn in TinCan Island

The TinCan Island Command of the Nigeria Customs Service (NCS) has generated N135.44 billion in the first quarter of the year.

RELATED POSTS

Nigeria First policy, unique, revolutionary – TMSG

Group seeks action against the menace of fake news, deliberate falsehood

Nigeria’s upgrade of health centres, a major milestone in Renewed Hope Agenda

The Customs Area Controller, Comptroller Olakunle Oloyede, made this known at a media conference in Lagos on Wednesday.

According to Oloyede, this is an improvement of N22.74 billion, translating to 20.18 per cent, on the first quarter 2021 collection of N112.69 billion.

He said that the command’s operations for the first quarter significantly aligned with the statutory responsibilities of the service.

Oloyede said this was so in the areas of revenue generation, trade facilitation and enforcement/anti-smuggling activities.

On export, he said that the total tonnage of goods exported through the command for the period under review was 71,014.4 metric tonnes with a total Free On Board (FOB) value of N56,205,901,295.

He said that in the preceding year, January-March 2021, the total tonnage of goods exported through the command was 44,502.9 metric tonnes with a total FOB value of N31,371,825,954.

“Comparatively, between January to March 2021 and 2022, the tonnage of goods exported through the Command increased from 44,502.9 metric tons to 71,014 representing an increase of 62.67 per cent.

“The FOB Value in Naira of the tonnage also increased from N31,371,825,954 to N56,205,901,295 representing an increase of 55.82 per cent within the period under review.”

He said that commodities exported through the command include copper ingots, stainless steel ingots and sesame seeds.

Oloyede also listed cashew nuts, cocoa beans, rubber, cocoa butter, leather, ginger and frozen shrimps among the commodities.

In the area of enforcement and anti-smuggling activities, Oloyede said that seized items include 145kg of Colorado (hemp) concealed in 2 units of Ridgeline trucks and 2 units of Toyota Corolla vehicles.

He also listed 206,000 pieces of machetes, 640 bales of used clothes, 236,500 pieces of used shoes, among others as part of the seized items.

Oloyede said that the seized items had a Duty Paid Value amounting to N1,048,810,569.

“The import of these products contravenes Sections 46, 478 161 of the Customs & Excise Management Act (CEMA) Cap 45 LFN 2004,” he said.

Oloyede said that the command was still facing challenges in the area of treatment of overtime cargo because of the non-implementation of the extant laws guiding uncleared cargo.

“Additionally, the lack of government warehouses at close proximity to the port has led to difficulties in logistics and handling cost,” he said.

On the 2022 fiscal policy, he said that a 90-day grace period had been given for the implementation of the new duty and excise rates.

“The Federal Ministry of Finance has recently published the 2022 Fiscal Policy with an effective date of April 1, however, with the 90-day grace period, it will take effect from June 1.

“As much as the Service is putting in the effort to make the necessary adjustments, we are experiencing minor delays in its full implementation because the system is not designed to be retroactive,” he said.

He appreciated the support being received from the Comptroller General and the management of the service

Oloyede thanked them for their relentless effort towards strengthening the capacity of the service to perform its statutory responsibilities in line with international best practices.

He said that the command was optimistic that the e-customs agenda and deployment of non-intrusive technology, such as scanners, would help them achieve more.

Tags: Customs
ShareTweetPin
The Matters Press

The Matters Press

Related Posts

IMPI releases new policy statement in defence of the Nigerian economy
Economy/Technology

Nigeria First policy, unique, revolutionary – TMSG

May 15, 2025
Economy/Technology

Group seeks action against the menace of fake news, deliberate falsehood

May 14, 2025
Eulogising Africa’s efforts in midwifing a Covid-19 vaccine
Economy/Technology

Nigeria’s upgrade of health centres, a major milestone in Renewed Hope Agenda

May 13, 2025
Rescued victims of human from Cote D Ivoire arrive Nigeria
Foreign

Rescued victims of human from Cote D Ivoire arrive Nigeria

May 11, 2025
Northern governors, traditional rulers call for accelerated action against Insecurity
News

Northern governors, traditional rulers call for accelerated action against Insecurity

May 11, 2025
Smile finally visits nurses, now on enhanced salary entry point
Economy/Technology

As enrollment of nurses peaks at 115,000, Nigeria ready to outsource medical personnel to the world – TMV

May 10, 2025
Next Post
Nigeria loses $25b to foreign ship owners

29 ships carrying products expected at Lagos ports

Custom in container procedure deal with terminal operators

Custom in container procedure deal with terminal operators

Recommended Stories

Buhari meets officials of IRI, NDI

Buhari meets officials of IRI, NDI

December 18, 2018
Egypt’s economic strides excite AfDB

AfDB doubles climate finance, launches green baseload

March 15, 2019
Solar is the oil of 21st century

Solar alternative to electricity supply in Nigeria

July 17, 2023

Popular Stories

  • Rising prices of goods cause protests in Morocco

    Rising prices of goods cause protests in Morocco

    0 shares
    Share 0 Tweet 0
  • NLNG not responsible for gas supply shortfall, price hike

    0 shares
    Share 0 Tweet 0
  • NCC sets fresh operational fees, spectrum prices for telecom operators

    0 shares
    Share 0 Tweet 0
  • Hoarding causes hike in prices of grains

    0 shares
    Share 0 Tweet 0
  • Prices of Petrol, diesel increase in November

    0 shares
    Share 0 Tweet 0
TheMattersPress

We bring you the best news update in Nigeria

LEARN MORE »

Recent Posts

  • Nigeria First policy, unique, revolutionary – TMSG
  • Group seeks action against the menace of fake news, deliberate falsehood
  • Nigeria’s upgrade of health centres, a major milestone in Renewed Hope Agenda

Categories

  • Agriculture
  • Economy/Technology
  • Energy
  • Entertainment/sports
  • Features
  • Foreign
  • Multimedia
  • Natural Resources
  • News
  • Oil and Gas
  • Photo
  • Politics
  • Security
  • Thematterspress
  • Uncategorized
  • Video

© 2025 Domo Tech World - Powered by Thematterspress.

No Result
View All Result
  • Home
  • News
  • Features
  • Thematterspress
  • Multimedia
    • Audio
    • Photo
    • Video
  • About us
  • Contact Us

© 2025 Domo Tech World - Powered by Thematterspress.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
Call Us