Tincan Command Achieves N716.53M In 2023 Revenue

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The Tincan Island Port Command, under the Nigeria Customs Service (NCS), has set a revenue target of N1.13 Trillion for the year 2024, as announced by the Area Comptroller, Comptroller Dera Nnadi, during a press briefing in Lagos on Tuesday.

Highlighting the achievements of the command in 2023, Nnadi stated, “In the past year, our revenue target was N801.5 Billion, and we successfully collected N716.5 Billion, representing 89 Percent of our target.” Encouraged by the commendable performance, the Comptroller General of Customs (CGC) and management have allocated a higher target of N1.13 Trillion for 2024.

Nnadi explained that the new target breaks down to a monthly goal of N94.23 Billion, translating to N21.7 Billion weekly and a daily collection target of N4.23 Billion. He expressed confidence in the capability of the command’s dedicated officers to meet this ambitious goal.

Emphasising the command’s strategic approach, Nnadi outlined plans to engage stakeholders actively and urged them not to be intimidated by the set target. He disclosed that the year 2024 has been declared as the “year of stakeholders,” with a focus on fostering cooperation for accurate declarations and compliance.

To achieve these objectives, the command plans to conduct a time release study in February; collaborating with the national trade facilitation committee. Additionally, there is a commitment to embracing technological advancements in customs modernisation and enhancing the technical capacity of officers.

Acknowledging Nigeria’s import-centric economy, Nnadi emphasised the importance of balancing revenue collection with trade facilitation. He highlighted efforts to expedite the clearance of goods at ports, aiming to prevent demurage. Notably, in 2023, the command successfully handled 623,694.7 metric tonnes of exports, marking an 85 Percent increase compared to 2022.

In view of the above, Nigerians are interested in knowing the methods that will be applied by the CGC in achieving the set target. This is stemming from the breakdown of the target, which revealed a daily target of over NGN4 billion. The topmost question in their hearts being “does this imply increase in freight charges, which are already on the high side?” Should that be the method, citizens would rather the target be reviewed, as the method will evidently bring about increased cost of goods and services.

 

 

 

 

 

 

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