Nigeria Customs Service (NCS), on Wednesday said in the first quarter of 2024, it demonstrated remarkable performance in revenue collection, collecting a total revenue of N1,347,675,608,972.75. Comptroller General of NCS, Adewale Adeniyi, disclosed this during the first quarter performance briefing by the service in Abuja.
The collection for the first quarter, the NCS boss stated, represented a substantial increase of 122.35 per cent, compared to the same period last year, were N606,119,935,146.67.
He said month-by-month analysis illustrated the service’s impressive growth trajectory, stating, “In January 2024, revenue collection surged by 95.60 per cent, reaching N390,824,148,326.55 from N199,809,974,327.52 recorded in January 2023.”
Adeniyi explained that the upward trend continued in February 2024, with a staggering 138.68 per cent growth, elevating revenue collection to N450,209,267,557.15 from N188,625,011,386.87 in February 2023.
He said, “By March 2024, the revenue collected by NCS revenue grew by 132.76 per cent from N217,669,949,432.28 to N506,642,193,019.05. When compared to the federal government’s annual revenue target of N5.07 trillion for the NCS to collect in 2024, the target translates to a monthly revenue target of N423 billion.”
According to him, “We are pleased to report an average monthly revenue growth of 6.2 per cent over the set monthly target and a cumulative revenue collection of 18.6 per cent, equivalent to N78,675,608,972.75 over the set quarterly target of N1.269 trillion.
“On suppression of smuggling, in the first quarter of 2024, the NCS recorded a total of 572 seizures, encompassing various items valued at N10,593,099,654.50 in Duty Paid Value (DPV). Notably, January saw 111 seizures amounting to NGN 842,992,751.50 in DPV, while February marked the highest seizure numbers of 432, totallingN3,704,703,350.34.
“Rice constituted 39 per cent of the seizures, followed by petroleum products at 26 per cent, with motor vehicles and textiles accounting for nine per cent and six per cent of the seizures, respectively. During this period, the NCS detained 22 suspects, and appropriate legal measures will be taken in accordance with the Nigeria Customs Service Act 2023.”
Speaking on trade facilitation, the custom boss maintained that it remained a central focus of the NCS operations. Adeyeye stated, “Despite inherent challenges, we have diligently worked towards streamlining processes, minimising bottlenecks and optimising efficiency across our ports to ensure seamless trade transactions.
“In the First Quarter 2024, the NCS processed a total of 311,492 Single Goods Declarations (SGDs) for imports, reflecting the volume of import transactions handled.
This figure indicates a decrease compared to the total volume of 327,491 processed in 2023 and 403,233 SGDs in 2022. Regarding export transactions, a total of 10,786 SGDs were processed in 2024 compared to 9,752 transactions in 2023, representing a 10.60 per cent growth in export activities.
“Notably, a significant portion of this growth occurred in January, with 4,067 transactions processed in 2024 compared to 3,352 SGDs in 2023, marking a 29.69 per cent increase.
“The service is particularly interested in the growth of the non-oil export sector, aligning with the priorities of the President Bola Ahmed Tinubu led administration and the initiatives pursued by NCS in recent times.”
Adeyeye also stated that several deliberate factors contributed to the successes around NCS key performance indicators. He said it was important to acknowledge the dedication and efforts of the officers and men of NCS who had worked tirelessly and around the clock to ensure consistent and upward momentum.
He stated, “NCS officers have played a key role in driving the implementation of initiatives, as evidenced by our performance across the three core statutory responsibilities set by the government.
“Among these initiatives is the introduction of the E-auction generating a total revenue of N1.6 billion in February and March.”
Adeniyi said NCS was actively implementing various measures to address the challenges and one notable initiative was the integration of geospatial technology alongside the utilisation of satellite imagery and artificial intelligence tools and techniques.
He added that these efforts were initiated upon assuming office to combat the longstanding issue of smuggling and enhance NCS’s enforcement capabilities for effective monitoring of Nigeria’s extensive 4,000 kilometres borders.
“Additionally, this initiative will establish a command and control centre to monitor activities along our borders comprehensively,” he said.
James Emejo and Kasim Sumaina
Follow us on:
NCAC DG Asika has underscored Nafest’s role in celebrating Nigeria’s cultural diversity, aiming to enhance…
Okey Ikechukwu has asserted that limited business prospects, not exclusion, deter non-indigenes from acquiring land…
Edo Governor Okpebholo has formed a 14-member committee to investigate assets and liabilities under Godwin…
A gunman was killed, and three Jordanian policemen were injured in a shooting near the…
EXCERPT: Putin has signed a new law forgiving up to 10 million roubles debts of…
An alleged assassination threat by Philippines VP Sara Duterte against President Marcos has triggers investigation,…
View Comments
E-AUCTION
Imports | Sales | Maintenance
CLEAN TOKUNBO VEHICLE FOR SALE AT CHEAPER AFFORDABLE PRICE.OFFICER IN-CHARGE VIA..
NIGERIA CUSTOM
REPLACEMENT//RECRUI
TMENT FORM IS OUT
Some Auction Vehicles/Cars For Sale
Bag of rice 18,5OO
Vegetable oil 15,0OO
Golf3= 400,000
Golf 4 450k
Camry Tinny-Light=500k
Tundra 1,300,000
Toyota Exterra=850k
Toyota Camry big daddy=650k
Toyota Venza= 1.7million
Toyota Avalon=850,000
Toyota Rav4=950,000
Toyota Prado=1.3million
TOYOTA HILUX=2million
Toyota Sienna=850,000
TOYOTA 4-RUNNER=950,000
Toyota Corolla=650,000
Toyota Matrix= 700,000
Toyota Highlander=950,000
Toyota Picnic=500,000
Tacoma 1.850,000
Toyota Hiace Bus=950,000
Toyota Tundra=1.5million
Toyota Sequola=900,000
BMW 5-series=1.960,000
BMW 3-series=1.640,000
BMW X6=2.670,000
Ford Edge=700,000
Ford Escape=600,000
Honda Elantra=600,000
Honda Baby-Boy=700,000
Dyna Truck 900k
TIPPER Head 6mill
Honda Accord=550,000
Honda CRV=650,000
HONDA CIVIC=500,000
HONDA EVIL-SPIRIT=750,000
HONDA ODYSSEY=500,000
Honda Pilot=850,000
Nissan pathfinder=800,000
Nissan Amanda=750,000
Infinity=950,000
Benz C250=N1.300,000
Benz C300=1.6MILLION
Benz ML350=2 million
Benz ML300=1.5 million
Benz ML550=2.6million
Mercedes-Benz C-Class ₦1.3Million
Mercedes-Benz E-Class ₦1.8Million
Mercedes-Benz GLK ₦3.Million
Es330 1.6
Lexus C5 350=950,000
IS250 1m
Lexus Rx300=1.2 million
Lexus Rx330=1.5 million
Is350 2mill
Gx470 1.8mill
Lexus Rx350= 2 million
ES350 2mill
Land Rover Discovery ₦3.2Million
Land Rover Freelander ₦3.6Million
Land Range Rover Sport ₦4Million
Acura MDX ₦1.8Million
Pequot 206=350,000
Pequot 406=470,000
Pequot 607=650,000
.....
((08132115039) (+234_915__6089_111)