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Home Economy Finance

NCS Generates Historic N201.8 billion in July 2024

by Adetunji Tobi
August 8, 2024
in Finance
0
The Nigeria Customs S
Adewale, Adeniyi, the Comptroller-General of Customs

Adewale, Adeniyi, the Comptroller-General of Customs

UBA
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The Apapa Port Command of Nigeria Customs Service (NCS), said it generated   N201.8 billion for July 2024, its highest monthly collection in the history of the Service.  Abubakar Usman, the command’s public relations officer, said in a statement.

According to Usman, it also generated a total of N1.22 trillion as revenue between January and July 2024.

The Customs Area Controller of the Command, Comptroller Babatunde Olomu, disclosed, said he is committed to surpassing the existing records of revenue collection.

According to the CAC, the collected revenue for the seven months of 2024 is higher than the total revenue collected for the twelve months of 2023

He attributed the success to his implementation of the Comptroller General of Customs thrust of time release study to facilitate trade without delay.

This move, according to him, yielded outstanding results, which were reflected in the command’s revenue collection.

Expressing confidence in the command’s ability to do better, Comptroller Olomu said, “I am optimistic about the possibility of beating this record as we look forward to surpassing it in months to come

“For the first seven months of 2024, that is January to July this year, the Apapa Area Command generated a total of N1, 227,431,323,016.24.

What has been generated so far for seven months is above the total collected revenue by the command in 2023, which was N1, 172,414,793,960.32.

“In clear terms, our 2024 seven months collection is above last year’s 12 months total collection. Worthy of note is the interventions from the Tariff and Trade Department, which has contributed immensely to the successes achieved thus far.

Our compliance desk, dispute resolution team, Valuation, PCA, CIU, and other units aimed at promoting seamless trade have been reinvigorated with daily, weekly, and monthly evaluations by my office to oversee the progress we are making.

“We are committed to doing more in line with the directives and motivating examples of the Comptroller General of Customs, Bashir Adewale Adeniyi, MFR DSM psc (+).

Apapa Command handles the highest volume of trade for the NCS, collects the highest revenue, and therefore is saddled with a higher degree of expectation from the management of the service and the government,” he said.

Comptroller Olomu met with stakeholders at the port before the commencement of the nationwide protests to assure them of customs availability for work during the period, a move that has further strengthened port users’ confidence.

He advised Apapa port users to embrace only legitimate trade and restated that the Apapa command is more alive to its responsibilities to detect all forms of concealment and plug any avenue for revenue leakage to the barest minimum.

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Author

  • Adetunji Tobi
    Adetunji Tobi

    Tobi Adetunji is a Business Reporter with Techeconomy. Contact: adetunji.tobi@techeconomy.ng

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Adetunji Tobi

Adetunji Tobi

Tobi Adetunji is a Business Reporter with Techeconomy. Contact: adetunji.tobi@techeconomy.ng

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