ABUJA: Nigeria Customs Service (NCS)’s revenue generation has dropped, as volume of imports continue to fall at the nation’s seaports and borders. Statistics released by the Apapa and Tin Can Island port commands and other commands since the implementation of the Central Bank of Nigeria (CBN) policy on foreign exchange, auto policy and the recent ban on importation of rice, were said to be responsible for the drop in revenue in the first quarter.
The Apapa and Tin Can Island commands got N32 billion and N29 billion respectively as monthly revenue target, while the Seme Command was asked to generate N1.2 billion monthly. However, statistics revealed that Customs lost N13 billion from Lagos Port where its generates largest revenue. Also, at Tin Can Island command, a revenue shortfall of N2.7billion was recorded in the first quarter of 2016. Ton Can Island Public Relations Officer, Chris Osunkwo, said that the command generated N58.9billion in the first quarter of 2016, as against N61.6billion generated in the corresponding period of 2015.
