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Customs P&TML Command Reports N182Bn Revenue In Nine Months

The Nigeria Customs Service’s (NCS’)  Ports & Terminal Multipurpose Limited Command has reported that it raked in a total of N182 billion as revenue between January and September this year.

The command’s Public Relations Officer, Muhammd Yakubu, in a statement indicated that the figure when compared to the revenue accruals in the corresponding period of last year totaling N165 billion, increased by N17.3 billion, representing 10 percent surge.

According to the spokesman, the highest increment in revenue collection was recorded in July with 29.9 percent, followed by May 2022 with 28 percent

Yakubu further stated that a month-on-month breakdown of the revenue collection between 2021 and 2022 showed that the Command collected N15.2bn in January 2021 and N15.7bn in January 2022, showing a 3.3 percent increase.

He clarified: “In February of the previous year, it recorded a 20 percent increase after raking in N14bn in 2022, as against N11,7bn in 2021, while March 2022 saw a 9.5 percent rise with N21,8bn collected, compared to N19,9bn in the previous year.

“Although its April 2022 performance of N16.3bn did not match that of the previous year of N17.9bn, it however made up for that in May, following a 28 percent boost with N22.5bn collected as against N17.6bn made in 2021.

“In June 2022, the Command collected N27bn indicating a 21.5 percent appreciation from N22.2bn made the previous year, while July 2022 saw it recorded 29.9 percent increase, the highest collection so far with N25.3bn when compared to the N19.5bn generated in 2021.

“For August and September 2022, the Command failed to surpass collections of the previous year after generating N21,7bn (-0.3.1%) and N17.3bn (-8.5%), as against N21.8bn and N19bn respectively”, Yakubu added.

This is even as the Roll-On-Roll-Off terminal reassured importers of the command’s capacity to process clearance of imported vehicles within four hours by relying on compliance requirements which include sincere declaration, prompt duty payment, readiness for timely examination, zero level of smuggling and concealment, amongst others.

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