At almost a quarter of a trillion Naira and more than what most states generate yearly in IGR the Tincan Island Port is quite cash generating. This data doesn’t quite reveal the expenses incurred as that is another kettle of fish.
With the planned ban/barrier on importation of cars, wheat it will be hard for them to beat this estimate in 2014. You can’t win it all can you?
He said as a vehicle port, the revenue came mainly from import duties paid on vehicles, levies paid on common external tariff , sugar, wheat flour, wheat grain and bulk goods, adding that the revenue generated from these items in December amounted to N20.06 billion.