ONE YEAR STEWARDSHIP: Customs Collects N4.49Trillion

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.. ecovers N1.5bn from 1,705 Overtime Containers, 981 Vehicles

By Innocent Orok

The management of the Nigeria Customs Service (NCS) under the leadership of CGC Bashir Adewale Adeniyi MFR on Wednesday marked one year in office.

The Customs helmsman announced that the Service raked in over N4.49 trillion revenue to the Federation Account in the last one year since his assumption of office. Even as he disclosed that the Nigeria Customs Service under his watch has become turbo charged to fight smuggling and other illegal trade practices in the ports border stations.

Sequel to this, the NCS has also recorded massive seizures in its anti-smuggling feats in the last 12 months.

On the revenue collection, CGC Adeniyi disclosed that the N4.49trillion revenue was a quantum rise of 74% when compared with the figure for the same period last year which was N2.58 trillion.According to him, the amount was realised between June 2023 and May 2024.

He disclosed that there has been a sustained increase of 70.13% in average monthly generation since he assumed office compared to the trend in the previous year.

The Customs CG also added that there has been an average monthly revenue collection of N343 billion in the past one year as against N202 billion during the same period last year.

Adeniyi further disclosed that there was a continued 122.35% increase in revenue collection in the first quarter of 2024 as against the trend last year.

Disclosing that in June, the Service recorded an all-time-high daily collection of N58.5 billion on June 13, this year. He explained that the impressive performance was due to strategic initiatives introduced by the Service.

He identified some of the strategies as N15 billion recovered by the “Revenue Review Performance Recovery exercise; N2.79 billion also recovered from the 90-day window for the regularisation of the documents of uncustomed vehicles; and N1.5 billion recovered from 1,705 overtime containers and 981 vehicles from the seaports”.

On anti-smuggling, he reiterated that NCS recorded massive seizures of different goods, including 63 seizures of animal and wildlife products with duty paid value of N566 million.

Others were seven seizures of arms and ammunition at the ports and borders, a combined total of 127 cases involving narcotics and pharmaceutical products valued at over N6 billion, 724 seizures, involving 2.93 million litres of Premium Motor Spirit (PMS) which were about to be smuggled out of the country.

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