• About
  • Advertise
  • Careers
  • Contact Us
Saturday, June 14, 2025
  • Login
No Result
View All Result
NEWSLETTER
Tech | Business | Economy
  • News
  • Tech
    • DisruptiveTECH
    • ConsumerTech
    • How To
    • TechTAINMENT
  • Business
    • Mobility
    • Environment
    • Travel
    • StartUPs
  • Economy
  • TECHECONOMY TV
  • TBS
  • About Us
  • Contact Us
  • Telecoms
  • News
  • Tech
    • DisruptiveTECH
    • ConsumerTech
    • How To
    • TechTAINMENT
  • Business
    • Mobility
    • Environment
    • Travel
    • StartUPs
  • Economy
  • TECHECONOMY TV
  • TBS
  • About Us
  • Contact Us
  • Telecoms
No Result
View All Result
Tech | Business | Economy
No Result
View All Result
ADVERTISEMENT
Home Business Travel

Nigeria Customs Service Records N522.4b Revenue in 6 Months

by Justice Godfrey Okamgba
July 1, 2022
in Travel
0
UBA
Advertisements


The Nigeria Customs Service (NCS) generated a whopping N522.4 billion in the first half of 2022, Malanta Yusuf, Comptroller Apapa Area Command said on Friday.

The Command also recorded a boom in the exportation of non-oil commodities with about 2.5 million metric tonnes, above the 540 metric tonnes in 2021.

The NCS is an independent customs service under the supervisory oversight of the Nigerian Ministry of Finance, responsible for the collection of customs revenue, facilitation of both national and international trade, and anti-smuggling activities.

Yusu said at a press conference in Lagos that figures show a significant increase of N156 billion or 42.54 percent when compared to the N366.5 billion collected in the corresponding period of 2021.

“This feat was made possible because of our officers’ resilience in ensuring identified revenue leakages have been mitigated while sustaining the level of compliance by the importers/stakeholders in the clearance value chain,” he said.

In the area of anti-smuggling, it intercepted dangerous items, resulting in the seizure of 83 containers with a Duty Paid Value (DPV) of N8.3 billion for the period under review.

He said, “the Command has consistently strived in its core mandates of revenue generation, prevention, and suppression of smuggling, trade facilitation, implementation of government fiscal policies as well as collaboration and cooperation with other government agencies to ensure ease of doing business in the port.

Exports

According to the Comptroller, export, the NCS recorded a boom in the exportation of non-oil commodities with about 2.5 million metric tonnes, above the 540 metric tonnes in the year 2021.

He noted that the Free on Board (FOB) value for the exported items also rose from $1.6 million in the year 2021 to $138 million in 2022.

“Items exported include steel bars, agricultural and mineral products amongst others The federal government policy and export incentive schemes have played vital roles in boosting export trade in Nigeria,” he said.

He said that for the period under review, the command curbed the smuggling of dangerous items, resulting in the seizure of 83 containers with a Duty Paid Value (DPV) of N8.3 billion.

“Some of the seized items include processed/unprocessed wood, 32 containers; five containers of unregistered pharmaceuticals, 18 containers of used clothing/shoes; 13 containers of foreign parboiled rice.

“Others are vegetable oil – seven containers, tomato Paste – three containers, and 1x20ft container laden with 150 cartons of tramadol,” he said.

Loading

Advertisements
MTN ADS

Author

  • Justice Godfrey Okamgba
    Justice Godfrey Okamgba

    View all posts
0Shares
Tags: CustomsExportsNCS
Justice Godfrey Okamgba

Justice Godfrey Okamgba

Next Post

FG Approves Microsoft’s Agreement, Migration of C-Band Services to Expedite 5G

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Recommended

Filmmaking and Technology: A chat with Micheal Chineme Ike

2 years ago
Stop Cyberbullying

Kaspersky: 10 Tips to Stop Cyberbullying

2 years ago

Popular News

    Connect with us

    Currently Playing

    TE Weather

    TE PODCAST

    Techeconomy Podcast
    Techeconomy Podcast

    Every week we will bring new stories from startups and influencers who are shaping and changing the world we live in. We’ll also bring you reports on topics you should know.

    Follow us @techeconomyng for more.

    Listen OnSpotify
    Audio Player
    TECH TALK EPISODE 2
    Techeconomy Podcast
    TECH TALK EPISODE 2
    [...]
    • 0.8
    • 1
    • 1.2
    • 1.5
    • 2
    Download
    • Facebook
    • Twitter
    • Linkedin
    • Copy episode link Copied
    • Download
    Captions
    00:00
    00:00
    TECH TALK EPISODE 2
    byTecheconomy

    PRODUCTIVITY AND WORK-Life Balance

    Episode play icon
    TECH TALK EPISODE 2
    Episode Description
    Episode play icon
    CYBERSECURITY ESSENTIALS
    Episode Description
    Episode play icon
    Digital Marketing Trends and strategies for 2025 and beyond
    Episode Description
    Episode play icon
    Major Lesson for Techies in 2024 and Projections for 2025
    Episode Description
    Episode play icon
    Major Lessons for Techies in an AI-Driven World | Techeconomy Business Series Highlights
    Episode play icon
    Maximizing Profitability Through Seasonal Sales: Strategies For Success
    Episode play icon
    Techeconomy Business Series
    Episode Description
    Episode play icon
    PRIVACY IN THE ERA OF AI: GETTING YOUR BUSINESS READY
    Episode Description
    Episode play icon
    Unravel the Secrets of Marketing Everywhere All At Once with Isaac Akanni from Infobip | Infowave Podcast Episode 1
    Episode Description
    Episode play icon
    The Role of Ed-tech in Life Long Learning and Continuous Education
    Episode Description
    Search Results placeholder
    Listen OnSpotify
    • About
    • Advertise
    • Careers
    • Contact Us

    © 2017 TECHECONOMY.

    No Result
    View All Result
    • News
    • Tech
      • DisruptiveTECH
      • ConsumerTech
      • How To
      • TechTAINMENT
    • Business
      • Mobility
      • Environment
      • Travel
      • StartUPs
    • Economy
    • TECHECONOMY TV
    • TBS
    • About Us
    • Contact Us

    © 2017 TECHECONOMY.

    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
    Translate »