Tin-can Island Command of the Nigeria Customs Service (NCS) said it generated a total of N274.3 billion from export cargo through the port in the first half of the year, (H1’2022).
This represents a 73 percent Year-on-Year, YoY, increase in the volume of export cargo, according to the Command.
Tin-Can Island Port is located in Apapa, the port for the city of Lagos, and seven kilometers due west across Lagos Harbor.
According to Olakunle Oloyede, Customs Area Controller, CAC of the Command who revealed this in Lagos, 73 percent in export amounts to 138, 246.50 metric tons compared to 100,500 metric tons recorded in the same period in 2021.
Oloyede said the Free-On-Board (FOB), the value of the export in H1’22 at N100.4 billion, representing an increase of 60 percent compared to N66.3 billion recorded in the fiscal year 2021.
He stated: “Tin-can Island Command has so far experienced an increase in export activities for the first half of the fiscal year 2022.
“The Command recorded an outward throughput in the export cargo of 138,246.50 metric tons representing an increase by 73 percent from 100,500 metric tons recorded in 2021, with a F.O.B value of N100.4 billion.”
He also disclosed that the Command collected a total of N274.3 billion in revenue during the period, a 27.5 percent increase from last year’s collection of N229.3 billion within the period under review.
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