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Home Business News

Nigerian Customs Revenue Drops By N2.7bn At Tin-Can Port

Editor by Editor
April 19, 2016
in Business News
Nigeria Customs Service Rakes In N963.7 Million Revenue in March
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THE Public Relations Officer of the Tin-Can Island Command of the Nigerian Customs Service, Chris Osunkwo, on Tuesday disclosed that the command had a fall in revenue of N2.7bn in the first quarter of 2016, compared to N61.6bn it made in the first quarter of 2015.

Osunkwo said that the command made seizures of 60 cartons of centre tables, 30 cartons of cooking oil, 60 cartons of fruit juice, and 25 cartons of spaghetti, all with a Duty Paid Value (DPV) of N3.6million in January.

50 bundles of used tyres, 15 cartons of table water and 10 cartons of vegetable oil, 11 bags of used clothes and three bags of used shoes, all with a DPV of N600, 000 were also made in February, while 70 cartons of tissue paper, 70 cartons of nylon, 24 bags of fruit juice, 21 bags of used shoes and a woman’s bag, all with a DPV of N571, 000 was recorded in March.

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The Comptroller-General, Nigeria Customs Service (NCS), Col. Hameed Ali (rtd) at a consultative forum between the NCS and the Manufacturers Association of Nigeria (MAN), earlier in April lamented that the fall in revenue was as a result of some policies by the CBN.

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