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BUSINESS & ECONOMYCOVERNEWSLETTER

NCS Records ₦227.3 billion Revenue in H1, 2020

Oyo/Osun Customs Raked In ₦4,896 billion In January 2021

The Nigeria Customs Service (NCS) Apapa Area Command in Lagos State said it generated the sum of N227.3 billion in the first half of the year 2020, despite the economic challenges occasioned by Covid-19 pandemic.

The Customs Area Controller (CAC), Apapa Command, Comptroller Mohammed Abba-Kura made known during the 2020 half year report of the Command in Lagos Southwest, Nigeria.

According to him, Apapa Command is always ready and willing to support export.

“Since my arrival here in March 2019, I have continued to stress that the Command under my leadership would encourage legitimate trade whether import or export.

“As long as the laid down rules and regulations are followed, nobody involved in export trade would have an issue with Customs in Apapa.” he explained.

On the revenue collected, the Area Controller stated that it was a result of collective resolve to enforce the Federal Government fiscal policy measures, adding that the result was the increment seen in the revenue generated for the first half of 2020 compared to the 2019 sum.

He expressed delight that inspite of all challenges, the Apapa Area Command maintained its tempo in ensuring that maximum revenue was collected in addition to trade facilitation and suppression of smuggling.

“There has been steady improvement in revenue collection all through the first half of the year, except for the month of May which recorded a decline of about N3.5billion when compared to the year 2019.”

“The Command in half year of 2019 collected a total sum of N203.264 billion as customs duty and other charges like surcharges, value added tax, Comprehensive Import Supervision Scheme (CISS) charges, among others. 

From January to June this year, the command collected the sum of N227,347,046,233.53, which represent an increase of N24,082,991,550.84 or 10.59 percent increase from the previous year,” he said.

The Area Controller also revealed that about 10 officers at the Command tested positive for COVID-19, adding that they have all recovered.

“They were isolated at the isolation centre for two weeks. We thank God and commend Lagos State government and the medical doctors at Lagos State Teaching Hospital (LUTH). They took good care of these officers and they are all okay at the moment. Some of them are even in this auditorium,” he added.

The Controller also noted that the Command generated about N52.369 billion from export trade and N227.347 billion revenue between January and June 2020.

According to him, the total goods exported from Nigeria via Apapa stood at 1.642 million tonnes with Free On Board (FOB) value, adding that the exported goods include; agricultural products mineral resources and steel bars amongst others.

On seizures recorded in the first six months, he stated that the command has seized a total of 142 containers of various items worth N15.904 billion.

Some of the seizures were exotic vehicles, including Rolls Royce 2018 and 2019 Lamborghini Huracan Sports Car.

Others were pharmaceuticals, bags of rice, used clothing and shoes, vegetable oil, vehicles, packaging materials, detergents, candy milk, cigarette fitter, rug and textile materials and used tyres.

Source: NAN

 

About Author

Victor Okeh is a graduate of Economics from Lagos State University. He is versatile in reporting business and economy, politics and finance, and entrepreneurship articles. He can be reached via – [email protected]

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