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Customs Makes N95.7b In August

customs impounds containers

By Dipo Olowookere

Over N95.7 billion was generated as revenue in the month of August by the Nigeria Custom Service (NCS).

It is the highest revenue ever generated by customs in a single month in almost 10 years.

The NSC explained that this was made possible due to the strong position of the Comptroller-General, Col. Hammed Ibrahim Ali (rtd) on the issues of discipline, integrity and strict adherence to customs codes and clearance procedures.

Public Relations Unit of NCS disclosed on its website that “The Service generated N95,760,763,642.04, a feat that points to the efficacy of the Comptroller-General’s policy thrust. The Service recorded the highest revenue in 10 years despite the Forex difficulty, low imports and general economic downturn.”

It added that, “Col. Hammed Ibrahim Ali (rtd) on assumption of office as the Comptroller-General of Customs August last year arrived with a three prone Presidential Mandate namely:- reform, restructure and raise revenue.

“To achieve these, he drew his policy thrust, which harped, on honesty, integrity and transparency as bases for achieving the mandate. Starting from the Headquarters and then to all customs formations across the country.

“Knowing that reform and restructuring are activities within the Nigeria Customs Service, while raising the much needed revenue requires cooperation and compliance from the part of stakeholders, the CGC embarked on stakeholders visitations to secure their buy into the new way of doing business with the service.

“After one year at the helm of affairs, the NCS, revenue generation profile has continued to be on the rise.

“Last month, August 2016, the service recorded the highest revenue in 10 years despite the forex difficulty, low imports and general economic downturn. The service generated N95,760,763,642.04, a feat that points to the efficacy of the CG’s policy thrust.

“The strong stance of the CG on issues of discipline, integrity and strict adherence to customs codes and clearance procedures is yielding positive results in the areas of suppression of smuggling and revenue collection.”

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Dipo Olowookere is a journalist based in Nigeria that has passion for reporting business news stories. At his leisure time, he watches football and supports 3SC of Ibadan.

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