Customs Tincan Island Port Command Records over N260 Billion Revenue in Six Months

Nigeria Customs Service Tincan Island Port
Comptroller A. A Oloyede
The Nigeria Customs Service, Tincan Island Port Command, said it recorded N260,256,942,120.69 revenue between January to June 2023.

Customs Area Controller, Tin Can Island Command, Comptroller Adekunle Oloyede, in a statement, said the command recorded an impressive revenue drive on non-oil export with an increasing 291,436.43 Metric tonnes (MT) through Free On Board (FOB) between January and June 2023.

“Comparatively, between January to June 2023, the tonnage of the goods exported through Tincan Island Port Complex increased from 138,246.5 (MT) to 291,436.43 (MT); representing an increase of 110.8% over the previous year under review,” he added

The Customs Area Controller noted that there was an increase in the FOB value of the year exports, noting that the FOB increased from N110,447,250,811 in the first half of 2022 to N182,333,764,943 in the first half of 2023, representing an increase of 65%.

He stated that an increase in commodities exported from the Command essentially includes agricultural and allied products, namely; Cocoa Butter, Cocoa Beans, Cashew Nut, Sesame Seeds, Rubber, Empty bottles and copper ingots.

He said the Command participated in several symposiums to incentivize non-oil export; the Command also participated in the CBN RT200fx, where many benefits to export trade were highlighted.

"The first half collection in 2023 runs at a variation with the first half of 2022 with a total collection of N274,320,715,178.78 on a difference of N14,063,773,058.09.

The Customs boss explained that 42,536,336,038.11 was collected in January, N41,518,738,649.09 was collected in February 2023 and in March 2023, the Command recorded a total collection of N42,803,114,544.11.

While in April, May and June, the revenue recorded are N36,511,681,057.09, N46,485,639,728.79, and N50,401,432,103.50, respectively.

He commended the Customs Intelligence Unit, the Valuation Unit, Customs Police Unit and Post Clearance Audit for their sustained interventions, which translated to the blockage of revenue leakages by enhanced compliance towards attaining the revenue drive.

Comptroller Oloyede said the Command's Enforcement Unit coordinated several anti-smuggling activities in synergy with other critical stakeholders in the trade value chain, which led to the arrest of a total of 1,442 Packets of Colorado Indica with a combined weight of 519.45kg extracted during 100% joint physical examination of eight (8) containers.

"The total street value, according to NDLEA sources, is N721,000,000.00. The means of conveyance in these cases, with the substance and two (2) suspects, were handed over to NDLEA in strict compliance with the Service Headquarters’ directive,” he explained.

While stating zero tolerance for the importation of unwholesome goods and commitment to the protection of Nigeria Society, Comptroller Oloyede commended the Comptroller-General of Customs Bashir Adewale Adeniyi MFR and his management team for all the support the Command has been enjoying from the Nigeria Customs Service Headquarters.

Category: World-News
Tag: Nigeria Customs Service Tincan Island Port
Written by Omooba Alekuwodo (omoobaalekuwodo)
Published 7/24/2023 10:30:27 PM

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