Customs exceeds 2019 revenue target by N404bn

January 10, 2020
106 Views

The Nigeria Customs Service generated no less than N1.341 as revenue for 2019, exceeding its target of N937bn by a whopping N404bn

The amount generated, which has been attributed largely to the land border closure policy of the Federal Government, is also N139.24 billion more than the N1.20 trillion generated in 2018.

Comptroller-General of Customs, Col, Hameed Ibrahim Ali (Rtd) commented on the record achieved by the NCS, stating that it was as a result of the uncompromising pursuit of the service in doing what is right for the nation.

He said the revenue generation of the service had been on the rise annually largely due to the strategic policies of the ongoing reforms in the service.

The Customs boss said the policies involved the strategic deployment of officers strictly using the standard operating procedure, strict enforcement of extant guidelines by the tariff and trade department, and the automation of the Customs process thereby, eliminating vices associated with the manual process.

Ali said that other strategic policies include robust stakeholder sensitization, resulting in more informed/voluntary compliance, and increased disposition of officers and men to put national interest above selves.

Addressing the impact of ongoing border closure on port activities, Ali stated that there were lots of advantages. He said cargoes that could have been smuggled through the borders to come through the sea and airports, raised revenue collection from ports.

“Before the commencement of the border drill on 20th August 2019, revenue generation was between N4bn to N5bn but now NCS generates between N5bn to N7bn daily,” he said.

PV: 0

You may be interested

News
48 views

Breaking News! Fatai Yusuf, A Popular Trado-Medical Practitioner is dead

Webby - January 23, 2020

Copyright © 2020 Breaking Times, All Rights Reserved. Bringing you the news as it breaks

Sports
18 views

Olaha Keen To Make Impact With Hapoel Tel Aviv

Webby - January 23, 2020

Nigeria forward Micheal Olaha is determined to make a big impact at Israeli outfit Hapoel Tel Aviv following his impressive…

News
95 views

Buhari endorses Amotekun: FG approves aligning structure with Community Policing

Webby - January 23, 2020

President Muhammadu Buhari on Thursday may have endorsed Amotekun, the security structure established by governors of the southwest, Nigeria. The…

Leave a Comment

Your email address will not be published.