Customs Generates N1.293trn Revenue In 6 Months

 

The Nigeria Customs Service (NCS), has revealed that it has generated N1.293 trillion in the first six months of 2022 into the Federation Account.

 

This was revealed by the NCS Public Relations Officer, Deputy Comptroller Timi Bomodi made the disclosure at a news conference in Abuja.

 

He said the amount was an increase compared to N1.004 trillion generated for the corresponding period in 2021.

 

According to him, the amount generated in 2022 surpassed the service’s achievements for 2021 by N48 billion accounting for 28.8 per cent.

 

He said the revenue generation was remarkable, given the fact that only 116, 691 Pre-Arrival Assessment Reports (PAARs) were issued against 129, 667 processed within same period of 2021.

 

“It gives me great pleasure to welcome you to the Headquarters of the Nigeria Customs Service for unveiling of our half year score card.

 

“It comprehensively captures our activities for the period from January to June 2022.

 

“The revenue target given to the Nigeria Customs Service for the year 2022 is N3.019 trillion, exceeding the target for 2021 by 80.78 per cent.

 

“As it has become customary, the service remains focused and steadfast in its commitment to meeting the challenges of the moment.

 

“It is fully confident in its ability to innovate and adapt to a dynamic socio-economic environment,” he said.

 

Bomodi said that the sum of N156 billion was also generated into the non-federation account as collections on behalf of other government agencies.

 

While giving a breakdown of the amount generated within the period under review, the PRO said it was generated from excise, free trade zones and industrial incentives, and anti-smuggling among others.

 

On excise, free trade zones and industrial incentives, Bomodi said excise duty was tax levied on the manufacture, sale and consumption of goods under excise control.

 

He said it was collected through 22 commands of the Service.

 

The PRO said that a total of N68 billion was collected from manufacturers of alcoholic beverages as well as cigarettes and tobacco among other products

 

“In the month of June, the service began collections from extant traders producing carbonated and sugary drinks newly added under schedule five of the CET.

 

“So far, the service has collected more than one billion Naira from carbonated and sugary drinks in the month of June.

 

“Other revenues from telecommunication, like call and data and digital network services are yet to be collected.

 

“The service is expected to start collecting revenue on these products and services as soon as the modalities for collection are put in place.

 

“Duties from these revenue sources are expected to boost our collections in the current year,” he said.

 

Bomodi also said that out of the 42 free trade zones in Nigeria, only 25 were active, with 15 of them operating in Zone ‘A’, 4 in Zone ‘B’, 5 in Zone ‘C’ and 1 in Zone ‘D’.

 

He said that in addition to providing employment opportunities for Nigerians, the special economic zones were expected to engender transfer of technology, and building of local capacity among others.

 

On enforcement and anti-smuggling, Bomodi said in the period under review various goods with a total Duty Paid Value (DPV) of N39 billion were seized due to policy infringements.

 

He said the top seven items seized were narcotics and other illicit drugs with a DPV of N8.8 billion, followed by foreign parboiled rice with a DPV of N8.3 billion

 

The PRO said that illegal import of dangerous pharmaceuticals with a DPV of N7.6 billion were seized, including used clothing with a DPV of four billion Naira and petroleum products with a DPV of Four billion Naira.

 

According to him, textiles and made up fabrics with a DPV of three billion Naira and motor vehicles with a DPV of two billion were seized.

 

Bomodi said the DPV value of seizures in the current year exceeded the ones made in 2021 by N34.8 billion.

 

On other efforts made by the service in the area of illegal wildlife trafficking and trade, Bomodi said the service had collaborated with the United States Embassy in Nigeria.

 

He said that the service also collaborated with the British and German governments in creating a Special Wildlife Office.