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PTML customs rakes in N189.3b, pledges to block revenue leakage

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Through various layers of checks to curb revenue leakages, the Ports and Terminal Multiservices Limited (PTML) Command of the Nigeria Customs Service (NCS) generated a total sum of N189.3 billion in 2020.

According to the Customs Area Controller, Festus Okun during a media chat, despite the challenges faced during the year due to the outbreak of COVID-19 and the world economic meltdown, they realised 79 percent of the 2020 revenue target, which was N238, 224,920,038.88. They also exceeded the 2019 collection by a 19 percent increase. On export trade, they recorded a total of 151, 938 tons, with a Free On Board (FOB) value of N117, 337,234, 666.67. Its anti smuggling drive also recorded huge success. The Command also recorded major feats in national security with strict compliance to regulatory requirements for controlled items. Inter agency collaboration and stakeholders’ engagement also recorded a major boost.

Okun said despite COVID-19, the deplorable state of port access roads, the volatile nature of the environment and 100 percent physical examination of containerised cargoes among others, they were able to raise revenue, record the first seizure after six years, strict compliance to COVID-19 protocols which resulted in keeping all officers and men of the command safe and automation of the Bond Seat of the Command.

Okun who said about 80 percent of cargoes from the command are vehicles being a Roll- On -Roll- Off designated terminal, also stated that consignments are cleared from the command between five to 24 hours.

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