Connect with us

Business

Customs Get N4.1 Trillion Revenue Target From Federal Government

Published

on

Lovetvnews Nigeria reports that the Customs Area Controller Apapa Command, Comptroller Yusuf Malanta Ibrahim, said the Custom Service revenue target for 2022 is N4.1 trillion naira.

Ibrahim said Apapa Area Command have already boarded and fastened their seat belts towards the realization of the revenue target.

“We hope that the service will surely leverage on the deployment of digital transformation of Customs business processes which will further take care of many control mechanisms through its risk management system.” He said.

He added that the transformation will further harmonize the activities of the stakeholders toward a seamless ease of doing business in the port.

This online news medium learnt that Yusuf Malanta Ibrahim said that Inspite of the enormous challenges faced in the trade supply chain; occasioned by Covid-19 pandemic still ravaging economies around the world, high cost of freight, incessant traffic gridlock, rail construction through the port, as well as ensuring increase in compliance level from stakeholders.

“The Command between the months of January to December 2021 was able to collect a revenue of Eight hundred and seventy billion, three hundred and eighty-eight million, three hundred and Forty thousand, six hundred and fifty naira and sixty-five kobo (N870,388,340,650.65) and remitted to the federation and non-federation accounts of the Federal Government, respectively.

“This clearly shows that the revenue profile of the command has significantly increased by about 68% when compared with the collection of 518.4 billion in the year 2020. We are determined to do more and surpass our revenue target for the year 2022, by God’s grace.

“In line with the provision of extant circulars; trade guidelines and enforcement of government fiscal policy measures, the command has further strengthened its anti-smuggling operations against economic saboteurs through credible intelligence driven operations and continuous partnering with other relevant agencies for effective port management in the period under review.

“Accordingly, the command made a total of 103 seizures with Duty Paid Value of Thirty-one billion, Two hundred and twenty-seven million, Four hundred and thirty-one thousand, Two hundred and twenty-five naira (N31,227,431,225.00).

“Worthy of mention here is the seizure of 46.55 kg of cocaine concealed on vessels MV Karteria and MV Chayanee Naree laden with raw sugar.

“Some of the seized items include containers of foreign parboiled rice, tomato paste, secondhand clothes, unregistered pharmaceuticals like captagon pills, tramadol, codeine syrup, etc.

“These were seizures made in accordance with provision sections 46, 47 and 161 of CEMA (Customs and Excise Management act) CAP C45 LFN 2004. These seizures are condemned by a competent court of law and the suspects are still undergoing investigation and interrogation.

“For the avoidance of doubt, I wish repeat here that, no matter whose ox is gored, the command is not going to tolerate any form of illicit behavior in the trade supply chain.

“We are not only going to expose these recalcitrant traders (importers and their cronies), we will also ensure that they are brought to book with maximum penalty under the laws of the land.

“Sustained trade facilitation strategies put in place had positive impact on export trade through Apapa port. In the year under review, the command recorded a boom in the exportation of non-oil commodities with about 110% increase in tonnage above the figure of the year 2020.

“Statistics from the export unit shows that goods with a total tonnage of about five million, three hundred and eighty metric tons were exported in the year 2021, as against one million, three hundred metric tons exported in 2020.

“The Free on Board (FOB) value for the exported items also rose from $340 million in the year 2020 to $641 million US dollars in 2021.

“The Naira equivalent of the exported goods stood at over N245 billion naira. Items exported include steel bars, agricultural and mineral products, among others.

“This feat was achieved through the Federal government policy and export incentives schemes occasioned by the service facilitation and automation of NXP and CCI.

“It is instructive to note that these unprecedented achievements were made possible because of our Officers/men doggedness and tireless commitment to their duties.

“Nonetheless, we have diligently strengthened our risk assessment capacity through forensic system audit and dispute resolution procedures in accordance with World Customs Organization (WCO) standard.

“Trade disputes were amicably resolved in an atmosphere that promoted compliance with visible results in higher revenue, indicating lesser cost of doing business and seizures.

“The command has achieved a robust industrial harmony with all government agencies in the Apapa port, especially our host the NPA, other sister agencies (the DSS, NAFDAC, NDLEA, SON, Port Police), as well as shipping lines and terminal operators whose tremendous contribution has been a great success in the outgone year.

“We look forward for a strengthened collaboration and synergy in this prosperous and glorious new year 2022.

“On this note, on behalf of the Officers and men of Apapa Area Command extend our profound appreciation to the Comptroller General of Customs, Col. Hameed Ibrahim Ali (Rtd) and his management team for their continuous support and encouragement towards the realization of this goal.

“Finally, I wish to use this medium to thank our valuable stakeholders most since in the clearance value chain, government agencies operating in the port and media for their unalloyed support.

“We will reiterate the need for their cooperation to move the Command and the service to greater heights” he concluded.

Trending