Nigeria Customs revenue drops by N2.7 billion at Tin-Can Port

Nigeria Customs revenue drops by N2.7 billion at Tin-Can Port
April 20 08:37 2016

[T]he Nigeria Customs Service 
(NCS), Tin-Can Island Command,
had a revenue shortfall of N2.7
billion in the first quarter of 2016,
compared with the corresponding
period of 2015.
The Public Relations Officer of the
command, Chris Osunkwo, made
the disclosure in an interview
with the News Agency of Nigeria
(NAN) on Tuesday in Lagos.
Mr. Osunkwo said the command
generated N58.9 billion in the
first quarter of 2016, and
generated N61.6 billion in the
corresponding period of 2015.

The Comptroller-General, Nigeria
Customs Service (NCS), Hameed
Ali, on April 4, at a Consultative
Forum between Customs and the
Manufacturers Association of
Nigeria (MAN), decried the
revenue shortfall.
Mr. Ali attributed the shortfall in
Customs revenue to the Central
Bank of Nigeria’s (CBN) policies.
He said that the service, as a
whole, had a revenue shortfall of
N230 billion in the last quarter of
2015.
Mr. Osunkwo, however, said that
the command made some seizures
along with the revenue collected
in the period under review.

He said that in January the
command seized 60 cartons of
centre tables, 30 cartons of
cooking oil, 60 cartons of fruit
juice, and 25 cartons of spaghetti,
all with a Duty Paid Value (DPV)
of N3.6million.
Mr. Osunkwo said the seizures in February
included: 50 bundles of used tyres, 15 cartons
of table water and 10 cartons of vegetable oil,
11 bags of used clothes and three bags of used
shoes, all with a DPV of N600,000.
He said that in March, the command seized 70
cartons of tissue paper, 70 cartons of nylon,
24 bags of fruit juice, 21 bags of used shoes
and a woman’s bag, all with a DPV of N571,
000.

(NAN)