Customs targets N4.1t revenue
16 January 2022 | 3:03 am
The Nigeria Customs Service (NCS) has set a revenue target of about N4.1 trillion for its 2022 operations. This was after it generated N2.24 trillion into the Consolidated Revenue Account (CRA)
The Nigeria Customs Service (NCS) has set a revenue target of about N4.1 trillion for its 2022 operations. This was after it generated N2.24 trillion into the Consolidated Revenue Account (CRA) of the government in 2021.
The Customs Area Controller (CAC), Apapa command, Comptroller Yusuf Malanta, who disclosed this during a press briefing in Lagos, said the command was ready to actualise the revenue target for the year 2022, adding that the command collected N870.4billion from importers last year.
According to him, the revenue profile of the command significantly increased by 68 per cent in 2021 compared to N518.4 billion collected in 2020.
He said: “2022 is a year of hope and high expectations, particularly with the increase in the service revenue target to N4.1 trillion. For us in Apapa Area Command, we have already boarded and fastened our seat belts towards the realisation of the target.
“We hope that the service will leverage on the deployment of digital transformation of Customs business processes, which will further take care of many control mechanisms through its risk management system. This transformation will further harmonise the activities of our stakeholders towards seamless ease of doing business in the port.”
Speaking on the revenue collected for 2021, Malanta said despite COVID-19, gridlock and other challenges, they were able to overshoot their target.