Finance

NCS Tin Can Command Rakes in N78.8bn in Q1

  • NCS Tin Can Command Rakes in N78.8bn in Q1

The Tin-Can Island Port Command of the Nigeria Customs Service (NCS) has said it has generated N78.8 billion in the first quarter of 2019, up from N76.7 billion realised in the corresponding period of 2018.

The NCS Area Controller Mohammed Musa made this known in an interview with the News Agency of Nigeria (NAN) in Lagos on Sunday.

He said the command projected an income of N84 billion during the period under review but it generated about 94 per cent of the target.

Musa said the command was given a target of N343 billion for 2019, but the election holidays affected the revenue in March.

He said the command is working hard to boost the revenue and surpass the revenue generated in 2018.

According to him, the command is committed to the transformation of revenue collection and reporting system with the implementation of Nigeria Integrated Customs Information System (NICIS).

“There is improvement on compliance in the command, mostly because of the policies and directive from the headquarters insisting on 100 per cent examination of imported cargo with regard to protection of the environment.

“The Comptroller-General of Customs (CGC), retired Col. Hameed Ali, has also directed that all pharmaceutical products must be cleared from the ports, meaning that there should be no movement of pharmaceutical products to outside terminal.

“The directive was made to control the influx of Tramadol and other related goods imported into the country.

“The command also intercepted used tyres, second hand clothing and six containers of foreign parboiled rice in the period under review,” Musa said.

He reiterated that the command would work hard to make the second quarter revenue generation better than the first quarter.

The command’s boss said that there were relative peace and calm in the command due to the high level engagement, adding that its doors are open to interpretation at all times.

“If the agents need clarification on service, they get in touch with our officers and the command had also established a Dispute Resolution Committee which comprises all the unit heads in the command.

“We also have a Help Desk, which I am the Chairman and the command Public Relations Officer, Uche Ejesieme, is the Deputy Chairman of the desk.

“The Committee on Dispute Resolution takes care of challenges and if the issue is not solved by the committee, then it would be transferred to the Help Desk and all issues are expected to be resolved in a few hours,” he said.

He said that the idea of the introduction of the Resolution Committee and Help Desk was to facilitate trade, adding that any delay in the release of cargo could affect the whole Gross Domestic Product (GDP).

Musa, however, said that the command was creating competitiveness in the environment, adding that it had few arrests in the period under review and the suspects are helping in the investigations.

Samed Olukoya

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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