Categories: Business

Customs revenue rises by 16% to N1.56tn despite borders closure

Nigeria Customs Service surpassed its 2019 performance by 16.4 per cent to hit N1.56tn at the end of 2020, despite the closure of the nation’s land borders for the period.

Nigeria shut all its land borders since August 2019, thereby freezing revenue that could have accrued from imports through the borders.

The NCS had argued that its revenue would be boosted with the border closure.

Many stakeholders felt the problem was more of leakages and corruption which denied the Customs the revenue accruable from duties payable on land border imports.

A statement by the Public Relations Officer at the NCS, Deputy-Controller Joseph Attah, in Abuja, on Wednesday, indicated that the customs generated N1.562 trillion in revenue in 2020 against the target of N1.380 trillion.

He said the revenue was also ahead of the N1.342 trillion recorded in 2019.

The performance, according to him, was coming against the adverse impact of the coronavirus (COVID-19) pandemic on the economy during the period under review.

Attah said that the border closure which had forced cargoes that could have been smuggled through the porous borders to come through the sea and airports also significantly contributed to raising revenue collection from ports.

He stated, “Before the commencement of the border drill on 20th August 2019, revenue generation was between N4 billion to N5 billion but now NCS generate between N5 billion to N9 billion daily.

“Diplomatic engagements that took place during the partial land border closure yielded many positive results, including commitment to comply with the ECOWAS Protocol on Transit. Operationalization of joint border patrols at both sides of the border.

“The teams are required to share intelligence and ensure prevention of transit of prohibited goods into the neighbor’s territory.”

Attah said that the NCS would strictly implement the outcome of the diplomatic engagements as the land borders open for movement of cargoes.

He added that intelligence gathered during the period and the introduction of the e-Customs whose components include installation of scanners at all entry points would enhance border security and boost national trade facilitation.

The NCS spokesman also said seizures of 4,304 assorted items with a duty paid value of N28.287billion were recorded within the period under review.

He said, “These seizures include arms, ammunitions, illicit drugs, used clothing, vegetable oil, frozen poultry and foreign rice among others that have grave consequences on economy security and well being of Nigerians.”

Trends Admin

Recent Posts

Late COAS Lagbaja gets CFR honour, buried amid tributes

Late COAS Lagbaja gets CFR honour, buried amid tributes    The late Chief of Army…

3 hours ago

Food price, transport fare hike push Nigeria’s inflation to 33.88%

Food price, transport fare hike push Nigeria's inflation to 33.88%  Rising cost of living based…

8 hours ago

Supreme Court dismisses 16 govs suit challenging EFCC legality

Supreme Court dismisses 16 govs suit challenging EFCC legality The Supreme Court has dismissed the…

9 hours ago

Executive Secretary FCDA Hadi Ahmad suspended indefinitely

Executive Secretary FCDA Hadi Ahmad suspended indefinitely   Executive Secretary, Federal Capital Development Authority FCDA,…

11 hours ago

Just in: Rivers, Anambra high court judges suspended for one year

Just in: Rivers, Anambra high court judges suspended for one year   The National Judicial…

11 hours ago

Apomu king turns warmonger for PDP

Apomu king turns warmonger for PDP Tunde Odesola (Published in The PUNCH, on Friday, November…

14 hours ago