ABUJA: Nigeria Customs Service (NCS) has recorded a total revenue of N1,178,720,376 on rice imports through the land borders between October and November 2015.
A total quantity of rice imported through the land borders during the same period stood at 17.596 metric tonnes.
These figures were disclosed at a strategy session convened by the Comptroller-General of Customs, Col. Hameed Ali (rtd), to review revenue performance for the year, according to a statement issued last night by the Public Relations Officer of the NCS, Mr. Wale Adeniyi.
Two months ago, the Comptroller-General of the Service had approved the removal of the restriction placed on importation of Rice through the land borders. The removal was predicated on the large scale rice smuggling through the land borders, resulting to huge revenue loss and distortions in the price of the item in the local markets.
“ The huge collection in just two months has vindicated our position. If we had stuck to our previous directive, this much quantum of rice would still have been smuggled anyway, and we would have lost over a billion Naira revenue in his critical period of our economic downtown,” the Comptroller-General disclosed during the meeting.
The breakdown of the rice imports shows that Idiroko border in Ogun Command has the largest volume of 8.276 metric tonnes, with a collection of N555,152,344 duty. Katsina Borders come next in quantity of 3,636 Metric tones imported, where total revenue of N242,985,626 was collected during the same period.
