By; RAYMOND TEDUNJAYE, Lagos
At least, a total sum of three hundred and forty six billion, five hundred and eight million, eight hundred and thirty six thousand, four hundred and eighty six Naira and fifty four Kobo (N346,508,836,486.54) was generated and remitted into the federation account by the Tin Can Island Port Command of the Nigeria Customs Service (NCS) in 2019.
This is contrary to the earlier report of over N3 Billion for the year by our correspondent.
The Customs Area Controller, Comptroller Mba Musa who rolled out the score card, stated that the command exceeded its annual revenue target for 2019, with a surplus of N4,202,755,990.15, representing 101.21 percent.
” You will recall that the command was given a target of Three Hundred and Forty Two Billion, Three Hundred and Six Million, Eighty Thousand, Four Hundred and Ninety Six Naira and Sixty Three Kobo (N342,306,080,496.63).
Accordingly, the Command met its revenue target and exceeded it by a total sum of Four Billion, Two Hundred and Two Million, Seven Hundred and Fifty Thousand, Nine Hundred and Ninety Naira and Fifteen Kobo (N4,202,755,990.15), a performance of 101.21%.
A comparative analysis of the revenue against the preceding year 2018 shows an improvement in the collection by N2,970,333,281.03 where Three Hundred and Forty-Three Billion, Five Hundred and Thirty-Eight Million, five Hundred and Three Thousand, Two Hundred and Five Naira and Twenty-Four Kobo (N343,538,503,205.24) was collected.
Also, comparative analysis of compliance level indicates an improvement by 4% from the compliance in 2018.
This performance came on the heels of implementation of series of transformational agenda and Standard Operating Procedure’s (SOP) developed to facilitate trade without compromising the extant provisions.
The fact remains that the command was able to create templates and blueprints that guided it’s actions in line with the mission and vision of the Comptroller General of Customs, Col. Hameed Ibrahim Ali Rtd and his management”, the Comptroller stated.
In a release made available to our correspondent by its public relations officer Uche Esejieme, the Comptroller stated that the command during the year under review strengthened it’s anti-smuggling operations for optimal performance, leading to the seizure of 16x40ft, 37x20ft (53 containers) and three non-containerized Cargoes.
Musa explained that the seizures includes rice, used tyres, pharmaceuticals, vegetable oil, military accoutrements e.t.c with a total DPV of Five Billion, Eight Hundred and Seventy-Six Million, Four Hundred and Sixty Five Thousand, Six Hundred and Forty Naira (N5,876,465,640.00).
” If compared with 2018 seizures, it indicates a recorded improvement from the seizures of 14x40ft, 2x20ft (16 Containers) and 5 uncontainerised others ranging from bales of second hand clothing, furniture, children toys, used bags and shoes, expired medicaments, used tyres, used fridges e.t.c with a total DPV of Two Billion, Eight Hundred and Eighty-Three Million, Five Hundred and Thirty-One Thousand, Five Hundred Naira (N2,883,531,500.00) recorded during the prevailing year of 2018″, he expantiated further.
With the sensitization of stakeholders and would be exporters on the need to take advantage of the potentials inherent in export, the Comptroller disclosed that the command exported items with a total tonnage of Two Hundred and Sixty Nine Thousand, Eight Hundred and Nineteen Point Five (269,819.5) Tons with a total FOB value of One Hundred and Thirty Billion, One Hundred and Eighty Six Million, Eight Hundred and Ninety Four Thousand, Four Hundred and Eighty One Naira(N130,186,894,481.00) in 2019 as against the total tonnage of Two Hundred and Fifty Four Thousand, Seven Hundred Sixty Two Point Seventy Seven (254,762.77) Tons with a total FOB value of One Hundred and Forty Five Billion, Three Hundred and Twenty Two Million, Nine Hundred and Ninety Thousand, Three Hundred and Ninety Six Naira (N145,322,990,396.00) exported in 2018.
The Comptroller also promised that the command will continue to sensitize and encourage export as a means of attaining balance of trade for the interest of the Nation.