Customs Generate N162.7bn at Tin Can Island

Nigeria Customs Service
  • Customs Generate N162.7bn at Tin Can Island

The Tincan Island Command of the Nigeria Customs Service has announced a total revenue generation of N162.7bn for the first half of the year, January to June 2018.

The announcement was contained in a statement made available to our correspondent on Monday.

In the statement signed by the command’s Public Relations Officer, Mr Uche Ejesieme, the amount was higher by N32.7bn when compared to the N130bn generated in the corresponding period of 2017.

The Customs Area Controller, Tin Can Island Port, Musa Abdullahi, was quoted as telling some stakeholders that the command had been repositioned to become the most business-friendly port.

He pledged compensation to port users who complied with the Customs’s rules and regulations.

He said, “We are deploying multi-layered approach in addressing the issue of compliance, which is a panacea for trade facilitation, through reward for compliance and ensuring that compliant ‘declarants’ are given expeditious attention in line with the Presidential directive on ease of doing business.”

He disclosed that the command was on the verge of fully automating some of its key positions to ensure seamless operations.

The command, according to him, seized assorted items N138.8m during the period under review.

This was more than the seizure of N88m recorded in the corresponding period of 2017, the CAC noted.

About the Author

Samed Olukoya
CEO/Founder Investors King Ltd, a foreign exchange research analyst, contributing author on New York-based Talk Markets and Investing.com, with over a decade long experience in the global financial market. Contact Samed on Twitter: @sameolukoya; Email: [email protected]

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