Finance

Nigeria: NCS boosts revenue by 40.48% to N1trn in six months

The Nigeria Customs Service (NCS) has generated N1.003 trillion revenue in six months from January to June 2021, a 40.48% increase from N713.5 billion generated within the same period in 2020.

 

Customs Public Relations Officer, Joseph Attah said in Abuja on Thursday that “Hitting the Trillion-Naira mark within six months is unprecedented in the Service. This feat is as a result of resolute pursuit of what is right and willingness to adapt to changes brought about by global health challenges occasioned by covid-19.

 

“The Service revenue profile continues to be on the increase due to on-going reforms that exploits the potentials of technology.

 

“This is possible through robust automation of the processes and procedures. Deploys Officers strictly based on the Standard Operating Procedure.

 

“Robust stakeholder sensitisation resulting in more informed/voluntary compliance as well as improved working relationship with the National Assembly” he explained.

 

“As stated by the CGC earlier in the year, it is always the desire of the Service to generate more revenue than what is set for it, given favorable environment.

“NCS will always be willing and happy to break its records as it is in this case of over One-Trillion naira in 6 months” he said.

 

Similarly, Attah also disclosed that within the period under review, the service  effected, a total number of 2,333 assorted seizures with duty paid value at N4.4 billion.

 

He noted that Some of these seizures included dangerous items like arms and ammunition, illicit drugs and food items like rice, vegetable oil.

 

He added that what were seized could have had grave consequences on national security and economy.

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