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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
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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.

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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.

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