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Nigeria Customs Generate N1.716tn Revenue In 2021
The Nigeria Customs Services has collected total revenue of N1.716tn for the period of January to December 2021. This was disclosed by the Controller-General of the NCS, Col. Hameed Ali (retd.), who led the management staff of the paramilitary agency to appear before the committee for 2021 budget appraisal and 2022 budget defence. The House…
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Customs Target N2tn Annual Revenue
The Nigeria Customs Services is proposing to generate N2 trillion this year. Of this amount expected to be made, the South-West geopolitical zone would generate N1.6 trillion. According to a report, the NCS generates about 80 percent of its annual revenue from Lagos, Ogun, Ondo and Oyo states. Data obtained by SHIPS and Ports from…
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FIRS Generates N3.3tr From Non-oil Export
In a statement by the Federal Inland Revenue Service, Nigeria has generated N4.2 trillion revenue so far this year. This is about N3.3 trillion, that is over 77 per cent of the total collection, came from the non-oil sector. FIRS Chairman, Muhammad Nami, stated that “to address the issue of Nigeria not diversifying its economy,…
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Nigeria Grants N992.9bn Import Waivers In Two Years
Within a two-year period covering January 2019 and December 2020, the Federal Government through the Nigerian Customs Services granted the sum of N992.9bn as waivers on imported goods, findings have shown. The N992.9bn comprises N213.1bn recorded in 2019 and N779.7bn waived in 2020, data from the 2022-2024 Medium-Term Expenditure Framework and Fiscal Strategy Paper revealed.…
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Customs Generates N1tr In 6 Months
The Nigeria Customs Service has generated N1.003 trillion in revenue in the first six months of 2021. NCS has also seized 2,333 goods worth N4.4 billion in Duty Paid Value in the period under review. The spokesman of NCS, Deputy Comptroller Joseph Attah, said, “The service generated the sum of N1.003trn from January to June…
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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…
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Customs Generate N46.85bn In First Quarter
The Ports and Terminal Multiservices Limited Command of Nigeria Customs Service announced that it generated N46.85bn as total revenue collection for the first quarter of 2021. A month by month breakdown of the first-quarter collections with 2020 comparison shows that N15.21bn was collected in January 2021. This is 7.6 percent less than the N16.46bn collected…