• Privacy Policy
  • Terms
  • About us
  • Contact Us
  • Staff Email
Saturday, June 7, 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 generates N229.5bn revenue in 2022

Customs

The Matters Press by The Matters Press
January 24, 2023
Reading Time: 2 mins read
0
Customs generates N493.75bn in TinCan Island

The Nigeria Customs Service (NCS), Ports and Terminal Multiservice Ltd. (PTML) Command, has generated N229.5 billion in 2022.

RELATED POSTS

Nigeria’s 3MTT gets boost as EU, World Bank back initiative

PDP incubated insecurity in Nigeria, but Tinubu on top of the situation – TDF

FCT ground rent!: Check your name if you own property

The Customs Area Controller PTML Command, Suleiman Bomai said this at a media conference on Tuesday in Lagos.

Bomai said that the figure represented 96 per cent of the revenue target of N238.2 billion only, set for 2021 and adopted by the command in 2022.

“This shows an increase of N5.003 billion only over the revenue for 2021 which was N224.5 billion only.

“This represents an increase of 2.2 per cent. Despite the recorded downtime occasioned by agents strike and alleged inability by some importers to clear their vehicles from our control, we were able to surpass 2021 revenue collection in 2022,” he said.

Bomai noted that the command during the review period was impacted by the nature of the nature of their operational area which had to do with vehicular cargoes (Roll-on Roll-off) and trade policies such as Vehicle Identification Number (VIN) that affected automobile importation.

He said that about 80 per cent of the cargo handled in the terminal in 2022 were vehicles.

“It is important to state that implementation of all government policies and directives are ongoing with increasing degree of compliance being recorded so far,” he said.

Bomai said the command handled export goods on commodities such as cocoa, sesame seeds, palm oil and other food items with a total tonnage of about 178,572.13 metric tonnes, with a total Free on Board (FOB) value of $249,419,604.52 in 2022.

“Compare to the year 2021, with the total tonnage of about 147,578.11 metric tonnes, with a total FOB value of $1,452,821,912.50 only,” he said.

On anti-smuggling activities, he said that the command uncovered attempts to smuggle arms and ammunition into the country concealed in imported vehicles due to diligent cargo examination and deployment of intelligence.

Bomai listed the four seizures recorded during the period under review as 1X40ft container containing three vehicles used to conceal two fire arms, one used Ford Edge containing Fire Arm and 30 rounds of live cartridges.

He listed others as one used Toyota sienna containing fire arm and one used Toyota corolla containing 90 rounds of live ammunition.

Bomai added six suspects arrested in connection with these seizures and had been granted administrative bail.

He said that the total duty paid value of N36.316 billion was recorded on the seized items.

He noted that for trade facilitation, the command sustained average of four hour clearance time of vehicle for compliant traders, had a dispute resolution committee to settle trade disputes timely.

“The command has continued to maintain a cordial relationship with various government agencies like the Nigeria police, Standards Organisation of Nigeria and others to ensure ease of doing business in the port.

“We interacted closely with our strategic stakeholders like the importers, exporters, concessionaire, bonded terminal operators, licensed customs agents, freight forwarders and others, where issues affecting various segment of the supply chain were well discussed and solution proffered.

“Aside initial enlightenment done on the VIN valuation, PTML Command has been doing a lot of engagement on the issue to address the trade facilitation associated with standard and non-standard VIN,” he said.

He said that the command was faced with the challenge of lack of scanner and inadequate space which hampers their operations.

Tags: Customs
ShareTweetPin
The Matters Press

The Matters Press

Related Posts

World Bank predicts 4% global economic growth, 1.1% for Nigeria in 2021
Economy/Technology

Nigeria’s 3MTT gets boost as EU, World Bank back initiative

June 6, 2025
Energy

PDP incubated insecurity in Nigeria, but Tinubu on top of the situation – TDF

June 4, 2025
Property owners besiege FCT office to pay ground rent
Economy/Technology

FCT ground rent!: Check your name if you own property

June 3, 2025
News

Cracking the Code with Africa’s Creators: Woof Studios Makes History at Cannes Lions 2025 CANNES,

June 3, 2025
Economic implications of Niger coup to Nigeria, ECOWAS
Economy/Technology

IMPI urges media to consider national interest in reporting security challenges

June 3, 2025
Tinubu steering Nigeria away from Venezuela-like tragedy – IMPI
News

Malami’s opposition to Tinubu’s endorsement self-indicting – TDF

June 3, 2025
Next Post
Nigeria to promote digital innovation, entrepreneurship – Pantami

Digitisation will enhance effective service delivery – SON

Facts to know about Stamp Duty

Stamp duty revenue is N370bn, not N89trn as claimed

Recommended Stories

Nigeria’s food monthly imports dip

CBN’s threat to smugglers garners support

June 21, 2019
Customs, NEPZA  move to boost Nigeria’s economy

Customs, NEPZA move to boost Nigeria’s economy

July 29, 2023
Vulnerable Nigerian farmers to get $1m grant

NAQS promises to ease hurdles of agro-products exportation

January 18, 2024

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’s 3MTT gets boost as EU, World Bank back initiative
  • PDP incubated insecurity in Nigeria, but Tinubu on top of the situation – TDF
  • FCT ground rent!: Check your name if you own property

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