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Nairametrics
Home Business News

Customs generates N78.17 billion revenue at Onne Port for H1 2021

William Ukpe by William Ukpe
July 10, 2021
in Business News, Spotlight
Customs generates N78.17 billion revenue at Onne Port for H1 2021
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The Nigeria Customs Service has announced that its Area II Command, Onne Port in Rivers State generated the sum of N78.17 billion revenue between January and June 2021.

This was disclosed in a statement by Mr Auwal Mohammed, the Comptroller of Area II Onne Port Command, in Port Harcourt on Friday, according to the News Agency of Nigeria.

The Service said this was a 67.52% increase compared to revenue of N46.66 billion earned last year in the same period.

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READ: Customs Apapa Command generates revenue of N65.4 billion in April

What the Comptroller said

“The feat was achieved through strict enforcement of fiscal policies, uncompromising implementation of government directives and diligent trade facilitation, among other strategies.

Aside from improvement in the command’s comparative mid-year revenue generation between 2020 and 2021, the command also made other very laudable feats in export and anti-smuggling activities.

One of the feats was made in June 2020 with the generation of N14.55 billion which is an unprecedented achievement in the history of the command,” he said.

READ: Nigeria Customs generated N799 billion revenue in 5 months

Mohammed said that statistics from its export unit indicated that goods worth N52.6 billion were exported through the port between January and June 2021. The goods include; sesame seeds, ginger, cocoa beans, hibiscus, fluorite ore, lead ore, palm kernel shell, cotton, float glass, aluminium ingot, and many others.

“The total tonnage of the exported goods stood at 331.36 tonnes with Free on Board (FOB) value of $137.943 million.

In addition, the command made 19 seizures totalling N8.299 million Duty Paid Value (DPV) within the period under review,” he added.

In case you missed it

The Nigeria Customs Service (NCS) earlier announced it generated a revenue of N1.003 trillion for the first half of 2021. Customs made a total number of 2,333 assorted seizures with duty paid value at N4.4 billion.

Tags: Nigeria Customs ServiceOnne Port
William Ukpe

William Ukpe

For further inquiries about this article contact: Email: william.ukpe@nairametrics.com or outreach@nairametrics.com. Twitter: @_sirwilliam_ @nairametrics.

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Comments 2

  1. Paul says:
    July 10, 2021 at 2:19 pm

    How can I invest in NSE?

    Reply
  2. JK says:
    July 12, 2021 at 9:43 am

    A huge chunk of this must be from imposing duties on the personal effects of returning citizens whose shipment’s arrival were delayed by the shipping line. Customs at Onne operates a system that punishes its citizens while smiling at expats.

    Reply

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