Thursday, 07 January 2021 05:23

Customs exceeds 2020 revenue target by more than N180bn - Report

Rate this item
(0 votes)

Nigeria Customs Service (NCS) generated N1,562,115,419,216.32 in 2020, despite the Covid-19 pandemic.

Its Public Relations Officer (PRO) Joseph Attah, in a statement noted that the cash was over the target of N1,380,765,353,462. This gives a revenue surplus of over N180 billion.

Comptroller-General of Customs, Hameed Ibrahim Ali, according to the statement, described it as a result of  the pursuit of what is right and willingness to adapt to changes brought about by global health challenges occasioned by Covid-19.

Attah explained that the service revenue generation profile has continued to be on the rise annually as the ongoing reforms in the NCS insist on: strategic deployment of officers strictly using the standard operating procedure; strict enforcement of guidelines by the tariff and trade department and automation of the Customs process, thereby eliminating vices associated with the manual process.

The PRO noted that the strategies include robust stakeholder sensitisation resulting in more informed/voluntary compliance.

He added that increased disposition of officers and men to put national interest above selves.

The spokesman said the partial border closure, which has forced cargoes that could have been smuggled through the porous borders to come through the sea and airports raised revenue collection from ports.

Before the commencement of the border drill on August 20, 2019, revenue generation was between N4 billion and N5 billion but now NCS generates between N5 billion to N9 billion daily.

The statement reads in part: “Diplomatic engagements that took place during the partial land border closure yielded many positive results, including commitment to comply with the ECOWAS Protocol on Transit. Operationalisation of joint border patrols at both sides of the border.

“The teams are required to share intelligence and ensure prevention of transit of prohibited goods into the neighbor’s territory. Accordingly, Service wishes to express its readiness to strictly implement the outcome of the diplomatic engagements as the land borders open for movement of cargoes.

“Intelligence gathered during the period and the introduction of the e-Customs whose components include installation of scanners at all entry points will enhance border security and boost national trade facilitation.

“Already, Ministry of Finance has purchased three new scanners. Interestingly, Central Bank of Nigeria (CBN) has also expressed commitment to purchasing four scanners and establish the control center for monitoring all scanning sites in their bid to boost national economy, especially agricultural sector. This means that within the next six months, NCS will have about seven functional scanners to be mounted at strategic entry points even before the full deployment of e-Customs components which will see to the deployment of 135 modern scanners.

“NCS appreciates and commends the leadership of CBN for this strategic intervention in the interest of the nation.

“In the same vein, the Service efforts to prevent the entry of items that could compromise the Security of our citizens, Economy and the well being of our people resulted in the seizures of 4,304 assorted items with a duty paid value of N28,287,285,847.52.

“These seizures include arms, ammunition, illicit drugs, used clothing, vegetable oil, frozen poultry and foreign rice among others that have grave consequences on economy security and well being of Nigerians.

“While we give assurances of total commitment to the course of protecting national security and economy, we call on Nigerians, especially the business community to support the NCS as our borders open to African Continental Free Trade Agreement (AfCFTA) in order to benefit from the trade agreement and other cross border activities.”

 

The Nation

May 02, 2024

Investors on NGX lose N3.57trn on sustained stock sell off in pursuit of higher yields…

In April, the NGX All-Share Index witnessed a significant downturn, shedding N3.57 trillion in market…
May 01, 2024

Overwhelming majority of Nigerians have lost confidence in INEC, survey reveals

Yiaga Africa, a prominent election observation group, reveals in its latest report that only 23…
April 27, 2024

Adults are sharing the things they are no longer interested in now that they're older

It's natural for our preferences to change as we get older. So when asked, "What…
April 13, 2024

A new camera can undress people almost in real time—to send a message about AI

Nuca, a new deepfake camera, is an art project that shows how artificial intelligence can…
May 01, 2024

Gunmen abduct 4 residents in fresh attack on Abuja community

Gunmen struck the Bmuko Community in the Dutse Baupma area of the Bwari Area Council,…
May 02, 2024

What to know after Day 798 of Russia-Ukraine war

RUSSIAN PERSPECTIVE Russia hits Ukrainian military HQ – MOD Russia has carried out a strike…
May 01, 2024

Wellspring Consulting proposes cybersecurity investment to boost Nigeria's economy

In a bid to rescue Nigeria from its economic challenges, Wellspring Consulting advocates for significant…
April 30, 2024

Finidi George is new Head Coach for Super Eagles

Former Nigerian winger Finidi George has been appointed as the head coach of the national…

NEWSSCROLL TEAM: 'Sina Kawonise: Publisher/Editor-in-Chief; Prof Wale Are Olaitan: Editorial Consultant; Femi Kawonise: Head, Production & Administration; Afolabi Ajibola: IT Manager;
Contact Us: [email protected] Tel/WhatsApp: +234 811 395 4049

Copyright © 2015 - 2024 NewsScroll. All rights reserved.