Business

Tin-Can Records 150,930.7mt of Export in First Half

  • Tin-Can Records 150,930.7mt of Export in First Half

Government efforts at diversifying the economy might have started yielding results as exports from the Nigeria Customs Service, Tin-Can Island Port Command recorded a 27.4 percent increase in metric tons exported in the first half of the year.

A total of 150,930.7 metric tons of goods were exported in the first half with Free on Board (FOB) value of over N68.89 billion.

This was 27.4 percent or 32,477.83 metric tons more than the 118,452.87 metric tons exported from the command during the same period of last year.

The goods exported during the first half were mineral resources and agricultural produce, including sesame seeds, cashew nuts and others.

According to Mba Musa, Customs area controller, Tin-can Island Port, “The milestones recorded in the area of export are clearly indicative of awareness by stakeholders on the available opportunities inherent in export business. The command will continue to sensitise and encourage would be genuine exporters using Tin-Can Island Port.”

“In the same vein, efforts will remain in top gear towards the removal of bureaucratic bottlenecks and impediments in the trade value chain. Our ultimate aim is not just to key into the presidential directive on Ease of Doing business, which is in line with World Customs Organization’s (WCO) trade facilitation agenda, but to be seen as vanguard for trade facilitation in Nigeria,” he assured.

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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Samed Olukoya

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