Customs Revenue Hits N466.1billion In 3 Months

The Nigeria Customs Service has generated N466.1 billion revenue between January and March, the first quarter of 2021.

The statistics obtained from the office of the Public Relations Officer of the service, Mr Joseph Attah, yesterday, showed that the revenue was generated within three months.

The data indicated that the NCS realized the highest revenue in March with N169.4 billion followed by January with N157.6 billion while the sum of N138.9 billion was generated in February.

The document also showed that the agency realised the highest revenue of N216.9 billion from import duty within the period under review.

According to the statistics, the import duty was followed by Customs VAT which is N105.2 billion and non-federation accounts levies of about N55.5 billion.

The document showed that N50.8 billion was generated from federation account levies while N34.5 billion was  from excise duty as well as N2.8 billion from fees.

Similarly, the statistics revealed that within the first quarter, the service made a seizure of different contraband goods valued at N1,996,145,258.

The document indicated that the customs confiscated 37,206 bags of imported rice from January to March.