Tincan Customs Generated N303.9bn Revenue In First Quarter 2024 

Tincan Customs Generated N303.9bn Revenue In First Quarter 2024 
The TinCan Island Ports (TCIP) command of Nigeria Customs Service (NCS) in Lagos says it generated N303.9 billion revenue in the first quarter of 2024.
This was disclosed this in a statement made available to NewsBusiness Nigeria.
The statement noted that the 2024 first quarter revenue was 139 per cent higher than the amount generated in the same period in 2023 by a difference of N177 billion.
“The command recorded a total collection of N303.9 billion revenue in the first quarter of 2024, as against N126.8 billion recorded in the same period of 2023.
“The breakdown shows that the command collected a total of N88.4 billion in the month of January 2024 which is 107.9 per cent upscale from the same period of 2023 which was N42.5 billion,” the command said.
According to the command it also generated N100.3 billion in February 2024, which is 141. 8 per cent higher than the revenue collected in the same period in 2023 which was N41.5 billion.
In March 2024, the command collected the sum of N115.1 billion revenue as against N42.8 billion collected in the same period of 2023.
Commenting the controller of the command Comptroller Dera Nnadi commended the officers for embracing highly professional service delivery  and for teamwork which resulted to the increase in revenue collection.
“The improvement and success is due to the efforts put in place by all units in the Area Command, adding that their efforts are highly appreciated.
“I wish to remind the officers that all stakeholders should be held in high esteem and treated with respect but with due diligence to identify compliant and non-compliant traders.”
He said the Enforcement and Anti-Smuggling Unit had not relented in its effort to combat smuggling and all forms of criminality.
The customs boss stressed that under his supervision, the Customs, being the lead agency at the Ports, had through its enforcement unit coordinated several 100 per cent physical examination in collaboration with critical stakeholders.
He said that these were to ensure that the command was free of any form of non-compliance in line with the international trade cycle.
The statement said that a total of 57 packets of Heroine weighing 56.390kg with a street value of N902.24 million were seized during the period under review.
He added that 3612 packets of Colorado Indica weighing 956.772kg with a street value of N4.06 billion were also seized.
“All the seized illicit drugs have been handed over to the relevant sister agencies as directed by the service.
“In the past few months, the command has hosted different sections of the stakeholders’ forum – shipping companies, terminal operators, freight forwarders, security agencies, etc.
He said that the meetings, physically and virtually, had been on modalities to automate communication channels to minimise revenue loss and boost rules of engagement.
“The Command encouraged stakeholders’ approach for the establishment of new terminals and activities have long commenced at the terminals, respectively,” he said.
The customs boss said that in terms of volume (mT) and value (FOB), export trade recorded exponential growth within the same period under review.
“Comparatively, tonnage of goods exported via TCIP increased from 145,906.33 mT in 2023 to 251,679.89 mT in 2024 and represents an increase of 95.3.per cent.
“Also, there is an over 300 per cent increase in the FOB value of the exports from N80.993 billion to N287.79 billion of Q1 2023 and 2024 respectively.

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