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Home News Customs generates N26bn at Tin-Can Port in November

Customs generates N26bn at Tin-Can Port in November

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The Tin-Can Island Port Command of the Nigeria Customs Service on Monday said it generated N26.3 billion in November, up from N24.7 billion generated in October.

The spokesperson of the command, Chris Osunkwo, disclosed this to the News Agency of Nigeria (NAN) in Lagos.

Mr. Osunkwo in his breakdown said the command generated N15.15 billion from import duty and fees, and N5.4 billion from five per cent Value Added Tax, VAT.

He said the Federation Account levies, consisting of charges on wheat flour, rice, cigar and wheat grain, fetched the command the sum of N2.1 billion.

Mr. Osunkwo said N3.5 billion paid into the Non-Federation Account by the command was collected from levies on sugar, iron, Comprehensive Import Supervision Scheme, CISS, and ECOWAS Trade Liberalisation Scheme, ETLS.

“In October, we made approximately N24.7 billion, while we made N26.3 billion in November.

“A lot of factors are responsible for the increase, particularly the warning by the Area controller of the command, Zakari Jibrin, that we must collect every kobo for government.“The level of compliance is gradually improving because we have just celebrated the second anniversary of PAAR, Pre-Arrival Assessment Report.

“PAAR just clocked two on December 1 and among the things PAAR is here to achieve is to make the trading public become more compliant,” Mr. Osunkwo said.

He said honest declaration reduced the time in doing business, adding that the level of compliance by importers and exporters had increased.

NAN

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