Half year report: Tin Can Customs net N179B

Comptroller Abdullahi Musa, CAC Tin Can Customs Command

The Tin Can Island Port Command of the  Nigeria Customs Service has achieved a revenue generation totalling One Hundred and Seventy-Nine  Billion, Two  Hundred and Seventy-Five Million, Six Hundred and Twenty-Nine Thousand,  One Hundred and Seventy Naira, Seventy-Four Kobo (N179,275,629,170.74) between January and July 10th  2019.

This was contained in the Command’s half year report signed by its Area Controller, Compt. MBA Musa.

The Command realized One hundred and Seventy-Two Billion, Five Hundred and Fourteen Million,  Three Hundred and Fifty-Nine Thousand, and Seventy-Six  Naira, Eighty-Three Kobo (N172,514,359,076.83) in the same period of the preceding year.  

The latest report represents 52.28% of the annual target with a differential of  Six Billion, Seven Hundred and Sixty-One Million,  Two Hundred and Seventy Thousand, and Ninety-Three Naira, Ninety-One Kobo (N6,761,270,093.91) from the record of the previous year. 

According to the half year report, sequel to the urgent need for balance of trade through Export, the Command, during the period under review embarked on full automation of Export procedures as a panacea for seamless transactions.  

As a result, the Command achieved a total of 150,930.7 Metric Tonnes of Export  with FOB Value of Sixty-Eight Billion, Eight Hundred and Eighty-Seven Million, Two hundred and Twenty-Six Thousand, Four Hundred and Ninety-Three Naira (N68,887,226,493.00). 

The report recalled that the Command, during the preceding year of 2018, recorded 118,452.87MTS of Export with FOB of Sixty-Three Million, One Hundred and Nine Thousand, Four Hundred and Twenty-Seven Naira  (N63,109,427.00). 

It attributed the milestones recorded in the area of Export to awareness by Stakeholders on the available opportunities inherent in Export business, adding that the Command will continue to sensitize and encourage would be Exporters. 

The half year report stated that the Command is leaving no stone unturned in the area of anti-smuggling in view of the devastating effect of smuggling to the Nation and its implications on Lives and Security.  

The report further stated that concerted efforts are being made to ensure that examination and releasing officers remain proactive and preemptive in the discharge of their statutory functions. 

“Consequent upon the anti-smuggling drive by the Area Controller, the Command recorded seizures of 5 x 40ft and 4 x 20ft containers consisting of various uncustom goods during the period under review ranging from used tyres and used rims, bags of rice, cartons of Tramadol and other pharmaceuticals with a total Duty Paid Value (DPV) of One Billion, One Hundred and Fifty-Nine Million, Two Hundred and Fifteen Thousand, Six Hundred and Thirty-Seven Naira (N1,159,215,637.00)”, the report disclosed.

It also noted that the need for facilitation  of legitimate Trade is at the front burner of the command’s discourse, and this necessitated the creation of various platforms for expeditious resolution of disputes and issues related thereto. 

This approach, according to the report, has led to the speedy resolution of disputes arising from Valuation, Classification, PAAR etc at least to the barest minimum. 

The report also informed that the Command is also working out actionable modalities for the  use of Barges in  transferring  Cargo from the Mother Port to off-dock Terminals.  This is with a view to reducing congestion and speed up cargo delivery considering the fact that Cargo throughput is increasing, and road infrastructure is overstretched. 

Be the first to comment

Leave a Reply

Your email address will not be published.