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Tin Can Island Customs Generate N183bn in Eight Months

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Tin Can Island Customs Generate N183bn in Eight Months

The Nigeria Customs Service, Tin Can Island Port Command, generated N183bn in revenue in the first eight months of this year.

The command said it recorded the highest revenue yield in the month of August with N28bn.

The Public Relations Officer of the command, Mr. Uche Ejesieme, said this on Thursday in a statement. He attributed the revenue yield to the coordinated activities and innovative spirit of the Controller, Tin Can Island Command, NCS, Mr. Bashar Yusuf, as well as officers and men of the command.

Ejesieme stated that Yusuf had introduced measures that blocked all possible areas of revenue loss in the command, adding that as a result, the command has had a sustained high revenue profile since the beginning of the year.

According to him, the N28bn realised in August is the highest in the history of the command, particularly in the corresponding periods of the past years.

The statement quoted Yusuf as saying that but for the exclusion 41 items from the Central Bank of Nigeria’s official foreign exchange window, the command would have doubled its revenue profile.

He noted that the command was becoming more thorough in its revenue drive, to the extent that all high yielding revenue consignments were being closely monitored to avoid circumvention of procedures.

The controller extolled the virtues of the Customs management and vowed to sustain and surpass the revenue target of the command in line with the expectations of the NCS management.

Yusuf appreciated the compliance level by stakeholders in the port to fiscal policies of the Federal Government in terms of trade.

Meanwhile, stakeholders have continued to berate the Federal Government on the deplorable state of the Tin Can Island Port access roads.

Is the CEO and Founder of Investors King Limited. He is a seasoned foreign exchange research analyst and a published author on Yahoo Finance, Business Insider, Nasdaq, Entrepreneur.com, Investorplace, and other prominent platforms. With over two decades of experience in global financial markets, Olukoya is well-recognized in the industry.

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