Customs exceeds revenues target, hits N343bn in two months
The Nigeria Customs Service (NCS), said that the service has exceeded the revenue target for the months of July and August, said that the NCS generated ₦343 billion in two months.
It also said that the service had forged stronger alliances and fostered an environment of trust and cooperation among stakeholders in the public and private sectors, as well as international partners.
The Acting Controller-General of NCS, Adewale Adeniyi, disclosed this in Abuja, at the press conference to mark his first 100 days in office, said that the NCS had record appreciable results in its ongoing
He noted that the service was at the verge of introducing multiple cutting-edge solutions to support the enforcement strategies, starting with the signing of an Memorandum of Understanding (MoU) that seeks to put vehicle smugglers out of business for good.
Adeniyi who was appointment as the Acting Comptroller-General of the Nigeria Customs Service on June 19, 2023, under the visionary leadership of President Bola Ahmed Tinubu, noted that his vision is to see the NCS become the most efficient and service-driven of government organ with a relentless focus on revenue growth and border security.
He said: “One of our early achievements has been a remarkable boost in monthly revenue collection. We’ve witnessed a substantial increase, with an average monthly collection of 202 billion in the first half of the year that concluded in June, surging to an impressive 343 billion in the past two months (July and August).
“This outstanding growth amounts to a remarkable 70.13% increase in revenue collection. I’m delighted to announce that we’ve consistently exceeded the monthly target collection of 307 Billion Naira, marking a remarkable departure from previous performances.
“The ongoing Revenue Recovery review activities have contributed an additional 8 billion Naira during this period, underlining our commitment to revenue generation. Subject to unforeseen circumstances, our aim is to sustain and even expand this momentum until the end of the year.
“This commitment is driven by our resolve to minimize the deviation from the target, especially in light of the substantial shortfalls recorded during the first half of the year.”
Speaking on the battle against smuggling, said: “The NCS has achieved impressive results over the past eight months. With a total of 1,763 seizures, valuing a substantial 11.9 billion Naira in Duty Paid Value, we have successfully intercepted various contraband items, including arms, ammunition, illicit drugs, substandard pharmaceuticals, and other prohibited goods that pose grave risks to our citizens.
“These seizures, accompanied by the apprehension of 62 suspects undergoing legal procedures, underscore our commitment to tackling smuggling and safeguarding our communities. Notably, a significant surge in impactful seizures, especially involving arms, ammunition, and drugs, has occurred in the past two months, reinforcing our resolve to combat these illegal activities.”
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