BusinessNews

Half Year Report: Tin Can Island Port Records 73% Export Growth

  • Collects N274.3bn as revenue in 6 months

Despite the myraid of challenges plaguing exports especially at seaports, the Tin Can Island Port has recorded 73 percent growth in export in six months when compared to the first half of 2021.

The Customs Area Controller of Tin Can Island Customs Command, Comptroller Olakunle Oloyede revealed this during a press briefing where he also revealed that Customs has collected a total of N274.3 billion revenue from January to June 2022.

According to the Customs boss, the N274billion collected in the first six months of 2022 represents a 27.5 percent increase from last year’s collection of N229.3 billion within the period under review in 2021.

Speaking further, the Customs boss noted that 73 per cent in export amounts to138, 246.50 metric tons compared to 100,500 metric tons recorded in 2021.

Oloyede put the Free On Board (FOB) value of the export in the first half of the year at N100.4 billion representing an increase of 60 percent compared to N66.3 billion recorded in the fiscal year 2021.

According to him, “Tin-can Island Command has so far experienced an increase in export activities for the first half of the fiscal year 2022.

“The Command recorded an outward throughput in export cargo of 138,246.50 metric tons representing an increase by 73 per cent from 100,500 metric tons recorded in 2021, with an F.O.B value of -N100.4 billion.

“This also represents an increase of 60% from N66.3 billion recorded in the fiscal year 2022.

“We commend the management of the Nigeria Ports Authority, NPA for their seamless collaboration with the Command in facilitating the clearance process of export-related cargo at Tin Can island Port Command,” he noted.

Meanwhile, a syndicate which comprises four clearing agents specialized in forging the signature of the Tin Can Customs Area Controller, has been arrested.

Comptroller Oloyede explained that luck ran out of the four clearing agents when they attempted to take imported vehicles out of the port using forged signatures.

“You know that the signature aspect of the clearance procedure has not been automated. Very soon, we will be automating that aspect too. It’s because the signature aspect of the clearance procedure has not been automated, these unscrupulous agents, four in numbers, attempted to clear some imported vehicles out of the port with my forged signature,” he said.

He commended the eagle-eyed customs officials who detected and arrested the fraudsters.

“Four units of used Mack truck heads, one unit of used Toyota Sequoia 2008 model, one unit of used Mercedes: Benz GL450 2008 model and one unit of used 2011 Toyota 4Runner were arrested in their possession,” he added.

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