Business

Customs Collects N1.2trn In 7 Months At Apapa Port

The Apapa Port Command of Nigeria Customs Service has generated a total of N1,227,431,323,016.24 as revenue between January and July 2024.

Meanwhile, the Command also collected its highest revenue in a single month in July 2024 with N201,853,406,964.61, a record as the highest monthly collection by a Command in the history of the NCS.

The Customs Area Controller of the Command, Comptroller Babatunde Olomu, fsi, who disclosed this on Wednesday, stressed that he is committed to surpassing the existing records of revenue collection

According to the CAC, the revenue collected for seven months in 2024 is higher than the total revenue collected for the twelve months of 2023.

He attributed the success to his implementation of the Comptroller General of Customs thrust of Time Release Study (TRS) to facilitate trade without delay. This move, according to him, yielded the outstanding results, which reflects in the command’s revenue collection.

Expressing confidence in the Command’s ability to do better, Comptroller Olomu said, “I am optimistic about the possibility of beating this record as we look forward to surpassing it in months to come.”

“In clear terms, our 2024 seven months collection is above last year’s twelve months total collection. Worthy of note is the interventions from the Tariff and Trade Department, which has contributed immensely to the successes achieved thus far.”

“Our compliance desk, dispute resolution team, Valuation, PCA, CIU and other units aimed at promoting seamless trade have been reinvigorated with daily,weekly and monthly evaluation by my office to oversee the progress we are making,” he said.

Nothing that Apapa Command handles the highest volume of trade for the NCS and collects the highest revenue, Comptroller Olomu reassured that the Command therefore will continue to deliver on the high degree of expectation from the management of the service and the government.

Comptroller Olomu also met with stakeholders at the port before the commencement of the nationwide protests to assure them of Customs availability to work during the period, a move that has further strengthened port users’ confidence.

He equally advised Apapa port users to embrace only legitimate trade and restated that Apapa Command is alive to its responsibilities to detect all forms of concealment and curb revenue leakages to the barest minimum.

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