Tin Can Port Customs beats N342.3bn revenue target, rakes in N346.5bn accruals

By Miriam Humbe

The Customs Area Controller, Tin Can Island Port, (TCIP), Mba Musa has said that the command had in 2019, generated a total of Three Hundred and Forty Six Billion, Five Hundred and Eight Million, Eight Hundred and Thirty Six Thousand, Four Hundred and Eighty Six Naira and Fifty Four Kobo (N346,508,836,486.54) and remitted same into the federation account.
The command was given a target of Three Hundred and Forty Two Billion, Three Hundred and Six Million, Eighty Thousand, Four Hundred and Ninety Six Naira and Sixty Three Kobo (N342,306,080,496.63).
He also revealed that the
command strengthened it’s anti-smuggling operations for optimal performance and effected a total seizure of 16x40ft, 37x20ft (53 containers) and 3 non-containerized cargoes.
Information obtained from customs.gov.ng quotes the Controller who issued a scorecard of his Command for the year 2019, as saying that the seizures included rice, used tyres, pharmaceuticals, vegetable oil, military accoutrements e.t.c with a total DPV of Five Billion, Eight Hundred and Seventy-Six Million, Four Hundred and Sixty Five Thousand, Six Hundred and Forty Naira (N5,876,465,640.00).
According to him, if compared with 2018 seizures, it indicates a recorded improvement from the seizures of 14x40ft, 2x20ft (16 Containers) and 5 uncontainerised others ranging from bales of second hand clothing, furniture, children toys, used bags and shoes, expired medicaments, used tyres, used fridges e.t.c with a total DPV of Two Billion, Eight Hundred and Eighty-Three Million, Five Hundred and Thirty-One Thousand, Five Hundred Naira (N2,883,531,500.00) recorded during the prevailing year of 2018.
“The command exported items with a total tonnage of Two Hundred and Sixty Nine Thousand, Eight Hundred and Nineteen Point Five (269,819.5) Tons with a total FOB value of One Hundred and Thirty Billion, One Hundred and Eighty Six Million, Eight Hundred and Ninety Four Thousand, Four Hundred and Eighty One Naira (N130,186,894,481.00) in 2019 as against the total tonnage of Two Hundred and Fifty Four Thousand, Seven Hundred Sixty Two Point Seventy Seven (254,762.77) Tons with a total FOB value of One Hundred and Forty Five Billion, Three Hundred and Twenty Two Million, Nine Hundred and Ninety Thousand, Three Hundred and Ninety Six Naira (N145,322,990,396.00) exported in 2018. The command will continue to sensitize and encourage export as a means of attaining balance of trade for the interest of the Nation”, he said.
Tincan Island Port is one of the key ports in the country, and the TCIP Customs Command is charged and entrusted with the responsibilities of revenue generation and accounting for same, suppression of smuggling, promotion/facilitation of trade and enforcement of the fiscal/monetary policies of the federal government.
“It is in the realization of the foregoing that deliberate and concerted efforts were formulated for the realization of these onerous task”, Musa said.