…Collects N5.7trn this year
By Emeka Okoroanyanwu
The Nigeria Customs Service (NCS) has announced the collection of N5.7 trillion revenue from January this year to November 12, 2024.
Comptroller-General of Customs, Adewale Adeniyi announced this at the Controller General of Custom’s, CGC’s, Conference, currently holding in Abuja.
Adeniyi expressed hope that the Nigeria Customs is poised to achieve more for the country.
Adeniyi said, “Our strategic engagements and collaborative approaches have yielded remarkable results across our core statutory responsibilities. I am pleased to announce that, as of 12 November 2024 at exactly 13:10 hrs, the NCS hit its 2024 revenue target of N5.07 trillion, collecting N5.079 trillion with more than a month remaining in the fiscal year.”
On the Service’s strides in trade facilitation, Adeniyi said that six beneficiaries of the Authorised Economic Operators programme had been carefully selected, adding that
21 requests have been processed under an advance ruling programme aimed at fostering quicker customs decision-making on import and export cargoes prior to their arrival at the ports.
The Comptroller-General also highlighted that the service’s time release study has advanced the drive towards 24-hour cargo clearance and reduced dwell time at the ports.
He praised Operation Whirlwind, a joint initiative guided by the Office of the National Security Adviser and supported by the Nigerian Midstream and Downstream Petroleum Regulatory Agency, aimed at curbing fuel smuggling.
The conference has
the theme, ‘Nigeria Customs Service: Engaging Traditional and New Partners with Purpose.”