Tuesday, December 10, 2024
HomeBusinessApapa Customs Collects N1.8trn Revenue in 10 Months

Apapa Customs Collects N1.8trn Revenue in 10 Months

The Apapa Area One Command of the Nigeria Customs Service (NCS) has collected over N1.8 trillion for first 10 months of 2024, surpassing the 2023 collection of N931 billion by 101 per cent.

This information was disclosed on Monday by the Apapa Customs Command’s Area Comptroller, Mr Babatunde Olomu, in Lagos, adding that last month, the command generated N264.4 billion, the highest for a single month in its history.

Mr Olomu also said that with the amount so far collected, the command will likely surpass its 2024 revenue target of N2.2 trillion.

Besides the huge revenue generation, the command also seized a total of six containers of expired pharmaceutical products which were handed over to officials of the National Drug Law Enforcement Agency (NDLEA).

“Despite a remarkable decline in the volume of trade, this command has been able to block leakages and achieved maximum collection of revenue as evidenced in our monthly activities.

“From January to October 2024, we generated a total of N1.875, higher than the N931.1 billion generated in the corresponding period in the year 2023, showing a 101 per cent increase over last year’s revenue figure.

“It is instructive to state that our October 2024 collection is N264.4 billion, this is the highest monthly collection in the history of this command. Therefore, we are hopeful of meeting and even surpassing our target of N2.2 trillion as the year winds down.

“Nevertheless, the command has keyed into trade facilitation tools like AEO and Advanced Ruling to ensure seamless movement of both import and export cargoes.

“In line with the Federal Government agenda of Ease of Doing Business, the command operates on Saturdays and Sundays to ensure that importers take delivery of their cargoes devoid of any delay.”

He also mentioned some milestones reached by the command during the month.

“It is noteworthy to state that just last week, the command facilitated the first shipment of cargo to Kenya under the AfCFTA regime.

“We shall be handing over six (6) containers carrying falsely declared and unwholesome pharmaceutical and controlled products to the National Agency for Food Drug Administration and Control, (NAFDAC) and the National Drug Law Enforcement Agency (NDLEA).

RELATED ARTICLES

Most Popular

Recent Comments