NCS Generates Over 1 Trillion Naira Revenue In 9 Months

In what could be described as landmark achievement, the Nigeria Customs Service, NCS, said it has generated about N1.002 trillion from January to September. Higher than  what was realized within the same period in 2018.

According to data from department of Research and Statistics which was confirmed by the NCS’s public relations office indicated that the revenue was generated from 32 commands.

The service recorded the highest revenue of N123.6 billion in July, followed by N118.6 billion in May.

The lowest revenue was recorded in February, with N86.3 billion.

The Apapa area command has the highest revenue of N313.5 billion within the period under review.

Immediately after the partial closure of borders, the service recorded N115.6 billion in September, with about N6.1 billion more than what was realised in August before the closure.

The revenue was generated from import duty, levy, excise duty and other fees.

There is an indication that by the end of 2019, NCS revenue will surpass the earning of 2018, which stood at N1.2 trillion.

The NCS said it generated N115 billion in September, the highest so far since the closure of land borders.

The Comptroller-General of Customs, Hameed Ali, explained that since the closure of the borders, the revenue generated by the service was increasing daily.

He said that here was never a time NCS generated more money as it realised in September.

Ali said the measures taken had compelled those who used to smuggle things into the country to go to the ports and pay duties.

He said the aim is to ensure the closure was sustained till January.

“I believe this will be the same thing in our sister chamber, the House of Representatives, so that we would be able to pass the 2020 Appropriation Bill on the 28th of November.”

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