ABUJA: The National Bureau of Statistics and the Nigerian Customs service according to Daily Independent have conflicting records of the country’s revenue.
Excerpts:
Management of the Nigeria Customs Service is unable to explain why revenue figures for first quarter 2015 increased significantly amidst fall in the country’s foreign trade, which fell by N110.2 billion to N4.87 trillion in the first quarter of the year compared to N4.98 trillion during the same period in 2014 according to the National Bureau of Statistics (NBS).
Meanwhile, the Apapa Area 1 Command of Nigeria Customs Service (NCS) the highest revenue generator for the Service, recorded revenue of N74.11 billion in the first quarter of 2015, up from N55.36 billion generated in the corresponding period of 2014. This was despite a drop in the number of vessels that called at the ports within the period.
While a total of 118 vessels called at the port in the first quarter of 2015, 130 vessels called in the same period of 2014. In addition, 48,487 containers were discharged in the first quarter of 2015 in contrast to 57,908 containers discharged in the same period of 2014.
