Tin-can Customs Collects N274.3 Bn Revenue In 6 Months

... Export goods valued at N100.4Bn the same period

Tin-can Island Command of the Nigeria Customs Service (NCS) said it collected a total of N274.3 billion in revenue between January 1 and 31June 2022. 

The Command also announced that it recorded a 73 per cent increase in the volume of export through the port in the first half of the year compared to the same period last year.

Customs Area Controller (CAC) of the Command, Olakunle Oloyede, said the Command between January 1 and 31 June 2022, collected a total of N274.3 billion in revenue. 

In his words, "This is a 27.50 per cent increase from last year's collection of N229.3 billion within the period under review.

Speaking further, the Customs boss noted that 73 per cent in export amounts to138, 246.50 metric tons compared to 100,500 metric tons recorded in 2021.

Oloyede put the Free On Board (FOB), value of the export in the first half of the year at N100.4 billion representing an increase of 60 per cent compared to N66.3 billion recorded in the fiscal year 2021.

According to him, "Tin-can Island Command has so far experienced an increase in export activities for the first half of the fiscal year 2022. 

"The Command recorded an outward throughput in export cargo of 138,246.50 metric tons representing an increase by 73 per cent from 100,500 metric tons recorded in 2021, with an F.O.B value of -N100.4 billion. 

"This also represents an increase of 60% from N66.3 billion recorded in the fiscal year 2022. 

"We commend the management of the Nigeria Ports Authority, NPA for their seamless collaboration with the Command in facilitating the clearance process of export-related cargo at Tincan island Port Command," he noted.