Customs 2017 revenue rises to N1.37tn

The Nigeria Customs Service has announced that five days to the end of 2017, it generated additional N25bn to bring its total revenue generated for the year to N1.37tn. The service had announced earlier that it generated a total of N1.12tn between January and December 26. While briefing journalists in Lagos on Thursday about the activities of the service in 2017, the Public Relations Officer, NCS, Mr. Joseph Attah, stated that the revenue was made possible through the strict deployment of the digital identification method, which enabled officers to identify consignments such as vehicles, using the mandatory Vehicle Identification Number.
He said that declarations on vessels increased significantly in 2017 due to the use of digital application to locate vessels on Nigerian waters and request for payment of appropriate duties as data of the vessels were available on the digital platform.

According to him, the service generated this revenue against the backdrop of several challenges, including the ban on 41 items of import from access to foreign exchange. Attah pointed out that the enforcement of fiscal policies in 2017 led to a decrease in the average duty rate from 12.54 to 11.1 in line with the lowering of duty rates for national projects in the agriculture and the automotive sectors. The service, according to him, also battled paucity of funds, as the National Assembly reportedly refused to pass the NCS budget for the past owing to the faceoff between the Comptroller General of Customs, Col.

Hameed Ali (retd.) and the Senate over his refusal to wear the Customs uniform. Attah said the service had been operating with intervention funds from the government. Another challenge faced by officers was attacks and sabotage from smugglers which led to the death of six officers, according to the Customs PRO. Giving further details of the activities of the NCS in the year under review, Attah said the service recorded 4,492 seizures amounting to N12.7bn.

(Punch)