— realises N4.49 trillion in 12 months, N58.5 billion daily collection on June 13th, 2024.
Funso Olojo
The Nigeria Customs Service has recorded a 74 percent meteoric rise in its revenue trajectory in the last one year.
Due to the intentional implementation of measures that boosted trade facilitation, stakeholders’engagement and trading public confidence, Customs has in the last one year between June 2023- May 2024, realised total revenue of N4.49 trillion.
Making this disclosed in Abuja Wednesday, July 19th, 2024, Adewale Adeniyi, the Comptroller General of the service, revealed that the revenue haul doubled the N2 .58 trillion realised during the corresponding period of 2023.
Adeniyi, who was addressing the Press in commemoration of his first-year anniversary as the CGC, declared that the achievement was underpinned by a sustained increase of 70.13% in average monthly revenue collection compared to the previous year NCS recorded an average monthly revenue collection of N 343 billion, compared to the N 202
billion monthly average
” Notably, there was a substantial 122.35% rise in revenue collection during the first quarter of 2024 compared to the same period in the previous year.
“These gains were attributed to various strategic initiatives, including N15 billion Recovery by the Revenue Review Performance Recovery exercise, N 2.79 billion recovered from the 90-day window for the regularisation of the documents of uncustomed vehicles, N 1.5 billion recovered from the decongestion of 1,705 overtime containers and 981 vehicles from the port.”
” It is also worthy to note that on June 13, 2024, NCS recorded a daily All-Time-High of N58.5 billion in revenue collection.
The CGC also attributed the stunning revenue performance recorded during the period under review to the deployment of officers to sensitive posts on the basis of merit and capacity.
Adeniyi further noted that the service under his watch has taken trade facilitation to a notch higher through such measures as the decongestion of ports and the reopening of previously inaccessible access roads.
“Particularly noteworthy is the NCS’s recent ranking under the Presidential Enabling Business Environment Council (PEBEC), which aims to streamline business operations in Nigeria through reforms and policies.
“Ministries, departments, and agencies (MDAs) are ranked by activities under eight broad indicator levels, including
efficiency reforms based on service delivery within stipulated timelines, transparency reforms, the review and update of Service Level Agreements, and support for manufacturing and agriculture
export.
“Between 2020 and 2022, the NCS maintained an average percentage score of 18.45%, ranking 28th out of the 37
MDAs ranked.
” By 2023, the NCS ranking fell further to 34th out of 39 MDAs, with a percentage score of 18.53%.
“However, by 2024, I am delighted to announce that the NCS moved up 33 places, now tied at
the top with 4 other MDAs out of the 36 MDAs assessed, with a percentage score of 100%, marking an 81.5% increase.
“This remarkable improvement is directly attributed to the trade facilitation measures implemented within the past year.
“The NCS remains committed to ensuring that all recommendations and global best practices are implemented to the highest standard.
The CGC further clarified that during the period under review, the Service facilitated a high volume of export cargo.
“The designation of a dedicated terminal for exports has yielded significant gains, facilitating the processing of export goods through the Lilypond command.
Initially handling 317 Single Goods Declarations (SGDs) in transactions, the terminal now
manages 7,464 SGDs, accounting for 19.49% of the total 38,294 export transactions recorded in 2023.
” By the first quarter of 2024, the service has processed a total of 10,786 transactions, with 3,162
(29.32%) of these processed through the dedicated export terminal.
In its quest to protect Nigerian society from the scotch of illicit drugs, the service recorded a combined total of 127 cases of seizures involving narcotics and pharmaceutical products valued at over ₦6 billion.
The anti-smuggling efforts of the agency also yielded dividends in the areas of interception of smuggled arms and ammunition, petroleum products and wildlife.
“Notably, the Service recorded 63 seizures related to animal and wildlife products valued at ₦566 million.
“Additionally, seven seizures of arms and ammunition were made through our ports and
borders.
“The Service also recorded 724 seizures of 2.93 million litres of PMS (Premium Motor Spirit) that were attempted to be smuggled out of the country.
“The illegal dealings in petroleum evacuation have garnered the interest of relevant stakeholders, and the ongoing Operation Whirlwind will continue to intercept and disrupt the activities of smugglers in this regard.
“In a bid to guarantee food security and suppress the smuggling
of food in and out of the country, the Service recorded 1,744 cases of rice and grain seizures valued at ₦4.4 billion.
“These concerted efforts underscore the NCS’s commitment to protecting society and
ensuring national security.
Like this:
Like Loading...