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Nigerian Customs generates over N1trn in 9 months

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Rayyan Alhassan
Rayyan Alhassanhttps://dailynigerian.com/author/rayyan/
Rayyan Alhassan is a graduate of Journalism and Mass Communication at Sikkim Manipal University, Ghana. He is the acting Managing Editor at the Daily Nigerian newspaper, a position he has held for the past 3 years. He can be reached via [email protected], or www.facebook.com/RayyanAlhassan, or @Rayyan88 on Twitter.
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The Nigeria Customs Service, NCS, has generated revenue of about N1.002 trillion from January to September 2019.

According to a data from the Customs’ Department of Research and Statistics and confirmed by the NCS’s public relations office, the revenue was generated from 32 commands.

The statistics showed that the service recorded the highest revenue of N123.6 billion in the month of July followed by N118.6 billion realised in May.

READ ALSO: Customs officials allegedly kill rice smugglers’ informant in Jigawa

The data also revealed that the lowest revenue was recorded in the month of February with N86.3 billion.

The low in February’s revenue might have been caused by 2019 general elections due to partial closure of borders within those periods of polls.

According to the data, Apapa area command has the highest revenue of N313.5 billion within the period under review.

The statistics also indicated that 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 borders were closed.

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

There is every possibility, with this statistics, by the end of 2019, NCS revenue will surpass the earning of 2018, which stood at N1.2 trillion.

NAN reports that 2018 revenue by customs was N164.8 billion more than the 2017 collection, which was N1.037 trillion.

NAN

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