Tin Can Customs targets N1.13trn revenue after collecting N716.5bn in 2023

The Tin Can Island port Command of the Nigeria Customs Service says it is targeting N1.130 trillion revenue for the 2024 fiscal year as allocated to it by the Customs management.

Controller of the command, Comptroller Dera Nnadi, who disclosed this at a press briefing in Lagos on Tuesday also announced that the command generated N716.5billion in 2023 as against N801.5billion it had set.

“Last year 2023, our revenue target was N801.5 billion out of which we were able to collect N716.5 million which represents 89 percent of our target.”

“However, in 2024, due to our hard work, following our beautiful performance in 2023, the Controller General of Customs (CGC) and its management, in 2024 allocated a revenue target of N1.13 trillion,” Nnadi said.

According to the CAC, with the revenue target, the command is expected to generate N94.23billion monthly, N21.7 billion every week and N4.23 billion daily.

Nnadi expressed optimism that with digitilisation of all customs processes and procedures based on the modernization agenda of the Service and the recent introduction of 24 hour work operations and optimization of the use of scanners, the command would be able to achieve it’s revenue target and other core responsibilities.

“Our projection will include improved performance in the areas of revenue collection, facilitation of legitimate trade, enhance the capacity and skills of officers and men of the Command as we continue to work in line with the CGC’s agenda to Reform, Restructure and Increase Revenue collection, ” he said.

Speaking on the command’s performance in the area of enforcement and anti-smuggling activities in 2023, Nnadi disclosed that there were a total of 96 detentions and 47 seizures with a Duty Paid Value (DPV) of N3.1billion.

He gave the breakdown of the seized items to include 1264 packages weighing 473.50kg of Colorado (Cannabis Indica )with a street value of N118.4 million concealed in various containers from 8 seizures, 10 sacks of used clothing and 5 used fridges with a DPV of N3.17million.

“Other detentions are; 3028 pieces of matches, 435 Cartons of De Ruth Tomato Paste, Unregistered Pharmaceutical Products, 7X40ft Containers containing Bulk Charcoal with a DPV of N24.7million, different Arms, six different pistols, 500 Ammunition of Different Caliber extracted from 1X40ft Container, CMAU 8834719.

“58 Bags and 3 Bags of used shoes, 987 bales of used clothing extracted from 3 containers, suspected concealment in 2X20 ft declared as gauze rolls, one unit of Land Rover Discovery with Chassis number, SALCT2BG4FH527794, Suzuki Carry with Chassis number, MHYESL4152J115591, Mercedes Benz C300 with Chassis number, WDDGF8BB9AK093016S.

“In addition to the above, other detentions made include; supermarket items extracted from various containers, 32 packs of 50 pieces each of Toilet Paper, 531 cartons of pharmaceutical products and 80 cartons of beauty products. Seizure was also made of 615 sacks of Water Buffalo Horns, 2500 Cartons of frozen poultry with a DPV of N47.3million, 3642 Bags of Basmati Rice of 20kg each, household goods, arms and ammunition and military wears concealed in 1X20 ft Container, TGHU 0510362. The total DPV of the seized goods and street value of the narcotics amounted to N3.1billion.

“Additionally, there were 50,297 containers with a breakdown of 15, 289 20ft containers, 34,55740ft containers and 451 45ft containers used as means conveyance of goods through January to December, 2023 at Tincan Island Port.

“Also, there were 1,430 units of new vehicles and 4,342 units of used vehicles imported through the ports. In terms of revenue generation, the enforcement unit through painstaking efforts and interventions aided the Command through Demand Notices to the sum of N210. 7million,” he said.

While expressing gratitude to officers and stakeholders for the Command’s performance in 2023, Nnadi stressed that consistent risk management habitation, steady revenue generation and an implementation strategy to mitigate the threat of non compliance; were effective strategies to be further enhanced in 2024.