Close Menu
    Facebook X (Twitter) Instagram
    Facebook X (Twitter) Instagram
    SweetCrudeReportsSweetCrudeReports
    Subscribe
    • Home
    • Oil
    • Gas
    • Power
    • Solid Minerals
    • Labour
    • Financing
    • Freight
    • Community Development
    • E-Editions
    SweetCrudeReportsSweetCrudeReports
    Home » Despite recession Tin-Can Customs rakes over N183bn in 8 months

    Despite recession Tin-Can Customs rakes over N183bn in 8 months

    September 8, 2017
    Share
    Facebook Twitter LinkedIn WhatsApp
    *Tin Can Island port.

    Vincent Toritseju

    08 September 2017, Sweetcrude, Lagos — DESPITE the economic recession that plagued the country in the last one year, Tin-Can Island Port Command of the Nigeria Customs Service generated N183 billion in the first eight months of this year compared to N156 billion in the same period.

    Disclosing this in Lagos yesterday, the Customs Area Comptroller, Bashar Yusuf said that the Command has had a sustained high revenue profile since the beginning of the year, a feat that the Controller attributed to deliberate creative policies and stimulus plans aimed at blocking all possible areas of Revenue loss

    He explained that the increase in revenue generation was attributed to the high compliance level of fiscal policies of government by stakeholders operating in the ports.

    Yusuf said that the Revenue for August alone stood at over N28 billion, which is the highest in the annals of the Command, particularly in the corresponding periods over the years past.

    “It therefore implies that but for the exclusion of forty-one (41) items from Forex window, the Command could have doubled it’s revenue profile.

    “The Command is becoming more thorough in its Revenue drive, to the extent that all high yielding Revenue consignments are closely monitored to avoid circumvention of procedure,” he said.

    Explaining further, Yusuf said that Command will continue to develop adequate operational template and modalities that will be capable of entrenching integrity of his operations.

    He however advised recalcitrant agents and other port users to toe the path of sanity through honest declaration in their documentations noting that integrity, due diligence, honest declarations and transparency are key elements in 21st Century Customs Operations.

    Similarly, Yusuf enjoined officers in charge of terminals to exhibit high moral and ethical standard and reiterated the importance of leadership skills as critical to success to customs operations.

    On his plans for the ember months, the Controller pointed out that high cargo traffic is usually expected at this period of the year and advised importers to desist from importing uncustomed goods in view of it’s implication “All Importers ought to be conversant with the external tariff, especially schedules

    Related News

    Transocean Coatings establishes affiliate at SIIFZ

    AEC launches specialized advisory services to support African energy investments

    CEMAC, APPO and CABEF conclude tripartite agreement for the CAPS project

    E-book
    Resilience Exhibition

    Latest News

    IPMAN raises alarm over Dangote’s free fuel distribution plan

    June 16, 2025

    TotalEnergies enters 40 Chevron-operated US offshore blocks

    June 16, 2025

    OPEC expects solid second-half of 2025 for world economy

    June 16, 2025

    Crude oil prices climb above $77/b amid Israel-Iran clash

    June 16, 2025

    ‘Ghana has lost $11bn to gold smuggling, links to UAE’

    June 16, 2025
    Demo
    Facebook X (Twitter) Instagram
    • Opec Daily Basket
    • Oil
    • Power
    • Gas
    • Freight
    • Financing
    • Labour
    • Technology
    • Solid Mineral
    • Conferences/Seminars
    • Community Development
    • Nigerian Content Initiative
    • Niger-Delta Question
    • Insurance
    • Other News
    • Focus
    • Feedback
    • Hanging Out With Markson

    Subscribe for Updates

    Get the latest energy news from Sweetcrudereports.

    Please wait...
    Please enter all required fields Click to hide
    Correct invalid entries Click to hide
    © 2025 Sweetcrudereports.
    • About Us
    • Advertise with us
    • Privacy Policy

    Type above and press Enter to search. Press Esc to cancel.