• About
  • Advertise
  • Contact
Wednesday, October 8, 2025
  • Login
Vital News
  • Frontpage
  • Business
  • Economy
  • Politics
  • National
  • Opinion
  • Sports
  • More
    • Crime
    • Judiciary
    • Security
No Result
View All Result
  • Frontpage
  • Business
  • Economy
  • Politics
  • National
  • Opinion
  • Sports
  • More
    • Crime
    • Judiciary
    • Security
No Result
View All Result
Vital News
No Result
View All Result
Home Economy

Customs Generates N1.293trn Revenue In 6 Months

Vital News by Vital News
August 13, 2022
in Economy
0
Share on FacebookShare on Twitter

By Cecilia Ijuo

Abuja – The Nigeria Customs Service (NCS), says generated N1.293 trillion in the first six months of 2022 into the Federation Account.

The NCS Public Relations Officer, Deputy Comptroller Timi Bomodi said this at a news conference on Friday in Abuja.

He said the amount was an increase compared to N1.004 trillion generated for the corresponding period in 2021.

According to him, the amount generated in 2022 surpassed the service’s achievements for 2021 by N48 billion accounting for 28.8 per cent.

RelatedStories

NCDC Chairman, Akighir, Promises Equitable Distribution Of Projects, Interventions Among States In North Central

Visitors Besiege Dangote Pavilion As Company Marks Special Day At Abuja Fair

FG, Kogi Empower 8,600 Households Under Cash Transfer Program

Gambari Urges Global Leaders To Act On Gulf Of Guinea Security To Unlock Africa’s Wealth

He said the revenue generation was remarkable, given the fact that only 116, 691 Pre-Arrival Assessment Reports (PAARs) were issued against 129, 667 processed within same period of 2021.

“It gives me great pleasure to welcome you to the Headquarters of the Nigeria Customs Service for unveiling of our half year score card.

“It comprehensively captures our activities for the period from January to June 2022.

“The revenue target given to the Nigeria Customs Service for the year 2022 is N3.019 trillion, exceeding the target for 2021 by 80.78 per cent.

“As it has become customary, the service remains focused and steadfast in its commitment to meeting the challenges of the moment.

“It is fully confident in its ability to innovate and adapt to a dynamic socio-economic environment,” he said.

Bomodi said that the sum of N156 billion was also generated into the non-federation account as collections on behalf of other government agencies.

While giving a breakdown of the amount generated within the period under review, the PRO said it was generated from excise, free trade zones and industrial incentives, and anti-smuggling among others.

On excise, free trade zones and industrial incentives, Bomodi said excise duty was tax levied on the manufacture, sale and consumption of goods under excise control.

He said it was collected through 22 commands of the Service.

The PRO said that a total of N68 billion was collected from manufacturers of alcoholic beverages as well as cigarettes and tobacco among other products

“In the month of June, the service began collections from extant traders producing carbonated and sugary drinks newly added under schedule five of the CET.

“So far, the service has collected more than one billion Naira from carbonated and sugary drinks in the month of June.

“Other revenues from telecommunication, like call and data and digital network services are yet to be collected.

“The service is expected to start collecting revenue on these products and services as soon as the modalities for collection are put in place.

“Duties from these revenue sources are expected to boost our collections in the current year,” he said.

Bomodi also said that out of the 42 free trade zones in Nigeria, only 25 were active, with 15 of them operating in Zone ‘A’, 4 in Zone ‘B’, 5 in Zone ‘C’ and 1 in Zone ‘D’.

He said that in addition to providing employment opportunities for Nigerians, the special economic zones were expected to engender transfer of technology, and building of local capacity among others.

On enforcement and anti-smuggling, Bomodi said in the period under review various goods with a total Duty Paid Value (DPV) of N39 billion were seized due to policy infringements.

He said the top seven items seized were narcotics and other illicit drugs with a DPV of N8.8 billion, followed by foreign parboiled rice with a DPV of N8.3 billion

The PRO said that illegal import of dangerous pharmaceuticals with a DPV of N7.6 billion were seized, including used clothing with a DPV of four billion Naira and petroleum products with a DPV of Four billion Naira.

According to him, textiles and made up fabrics with a DPV of three billion Naira and motor vehicles with a DPV of two billion were seized.

Bomodi said the DPV value of seizures in the current year exceeded the ones made in 2021 by N34.8 billion.

On other efforts made by the service in the area of illegal wildlife trafficking and trade, Bomodi said the service had collaborated with the United States Embassy in Nigeria.

He said that the service also collaborated with the British and German governments in creating a Special Wildlife Office

The PRO said the collaboration had seen to the arrest of 12 foreign and local suspects, confiscation of 1, 236.5 kilogramme of pangolin scales and 145 kg of ivory.

According to Bomodi, all suspects have been charged to court and are awaiting conviction.

On anti-money laundering and financing of terrorism, he said the service made seizures of 339,800 dollars, 12,000 Pounds, 3.013 million Ryad, 20,005 Ceifer and 133 Automated Teller Machine (ATM) cards.

He said that seven persons were arrested in violation of the Anti-Money laundering Act and were handed over to the Economic and Financial Crimes Commission (EFCC).

On staff training and welfare, he said officers had continued to upgrade their skills through refresher courses at the various training colleges and at the Command and Staff College among others.

He said the trainings were designed to equip them with the knowledge and know-how to function efficiently in a 21st century Customs administration.

“As we approach an era of 100 per cent automation of all our services, we are mindful of the quality of training needed to manage both the transition and the sophisticated technological assets.

“The service has set out to improve on the living standards of its officers and men.

“To this effect, it has built new barracks and staff quarters across the four zones of the federation and provided bussing services,”nhe said.

Bomodi said that the service had acquired new and rugged vehicles capable of withstanding the rough terrain particularly in border areas.

“”The service has continued to improve on its business processes through the introduction of innovative services that have simplified, harmonised and automated its core functions.

“One of the successes recorded so far is the VIN-Valuation protocol which uses the vehicle Identity number as a guide for the payment of appropriate taxes,” he said.

He listed other areas of achievement to include stakeholder engagement, deployment of scanners and recruitment.

He assured Nigerians that the service would focus on fortifying risk management tools to minimise leakages and curtail activities of non compliant traders among other things.

“We understand the important role of technology in this endeavour, that is why our focus is on actualising full automation in the concession agreement.

“The agreement is vetted by Infrastructure Concession Regulation Commission (ICRC) and signed with Trade Modernisation Nigeria Limited and our technical partners Huawei Technologies Limited,” he said.

Bomodi said the agreement would transform operations of the service by taking it to the same level with leading customs administrations.(NAN/ vitalnewsngr.com)

Tags: Customsmonthsrevenuesix
Previous Post

Police Arrest Father Over Daughter’s Death in Kogi

Next Post

Bandits free 35 kidnapped victims in Kaduna

Vital News

Vital News

RelatedStories

NCDC Chairman, Akighir, Promises Equitable Distribution Of Projects, Interventions Among States In North Central
Economy

NCDC Chairman, Akighir, Promises Equitable Distribution Of Projects, Interventions Among States In North Central

October 7, 2025
Visitors Besiege Dangote Pavilion As Company Marks Special Day At Abuja Fair
Business

Visitors Besiege Dangote Pavilion As Company Marks Special Day At Abuja Fair

October 5, 2025
FG, Kogi Empower 8,600 Households Under Cash Transfer Program
Economy

FG, Kogi Empower 8,600 Households Under Cash Transfer Program

October 3, 2025
Gambari Urges Global Leaders To Act On Gulf Of Guinea Security To Unlock Africa’s Wealth
Economy

Gambari Urges Global Leaders To Act On Gulf Of Guinea Security To Unlock Africa’s Wealth

September 27, 2025
Court Berates EFFC Over Disregard For Rule Of Law, Orders Immediate Release Of Aisha Achimugu
Crime

Why EFCC Must Unravel Alleged Financial Malfeasance, Misapplication In Yobe By Usman Machina

September 26, 2025
Next Post

Bandits free 35 kidnapped victims in Kaduna

NPFL : 3SC Retains 17 Players, Sacks Over 20 Others

APC To Probe Amosun Over 2019 Election Rigging Claim

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Follow Us

Recommended

APC fixes national convention for March 26

4 years ago

Will APC Implode After Saturday?

4 years ago

8 Die, 2 Injured In Plateau Auto Crash

3 years ago
Abiodun Seeks Increased Police Support Against Kidnappers, Cultists, Land Grabbers

Subsidy Removal : Abiodun Says All Governors On Same Page With Tinubu On Economic Framework

2 years ago

Instagram

    Please install/update and activate JNews Instagram plugin.

Categories

  • Agriculture/ Water/ Mineral
  • Aviation
  • Business
  • Crime
  • Culture
  • Economy
  • Education
  • Entertainment
  • Environment
  • Football
  • Foreign
  • Gender
  • Health
  • Judiciary
  • Labour
  • Maritime/ Marine Transport
  • National
  • News
  • Oil & Gas
  • Opinion
  • Opinion
  • Politics
  • Power
  • Religion
  • Security
  • Sports
  • Tourism
  • Transport
  • Uncategorized

Topics

Abiodun Abuja APC arrest Atiku Bandits Bello Benue Buhari CBN cement Court Dangote death dies drugs Economy EFCC Election elections FG gunmen Hajj INEC Kano kidnap Kill Kogi Kwara Lagos NDLEA Niger Nigeria Ododo Ogun Oyo PDP Police Power refinery rescue road Security students Tinubu
No Result
View All Result

Highlights

History As Governor Abiodun Inaugurates First Flight At Gateway International Airport

Dangote Refinery : FG Berates PENGASSAN For Holding Nigeria To Ransom

NCDC Chairman, Akighir, Promises Equitable Distribution Of Projects, Interventions Among States In North Central

EXPLORING CHINA’S YUNNAN AND ITS COFFEE HAVEN : Travelogue By Lawal Sale

Agbamuche Becomes INEC Acting Chairman As Mahmood Yakubu Serves Out Tenure

I Am Under Intense Pressure To Contest 2027 Governorship Election In Taraba — David Kente

Trending

President Tinubu Accepts Departure Of Yakubu As INEC Chairman, Bestows CON National Honour On Him
National

President Tinubu Accepts Departure Of Yakubu As INEC Chairman, Bestows CON National Honour On Him

by Vital News
October 7, 2025
0

President Bola Ahmed Tinubu has accepted the departure of Professor Mahmood Yakubu’s as the Chairman of the...

Amid Allegation Of Certificate Forgery, Geoffrey Uche Nnaji Resigns As Minister

Amid Allegation Of Certificate Forgery, Geoffrey Uche Nnaji Resigns As Minister

October 7, 2025
Acting Chairman Of INEC,  Agbamuche-Mbu, Promises To Uphold Standards, Integrity , Professionalism

Acting Chairman Of INEC, Agbamuche-Mbu, Promises To Uphold Standards, Integrity , Professionalism

October 7, 2025
History As Governor  Abiodun Inaugurates First Flight At Gateway International Airport

History As Governor Abiodun Inaugurates First Flight At Gateway International Airport

October 7, 2025
PENGASSAN Members Shut Down NNPC, NUPRC, NMDPRA

Dangote Refinery : FG Berates PENGASSAN For Holding Nigeria To Ransom

October 7, 2025
ADVERTISEMENT
Vital News

Vital News is an online newspaper with a mission to uphold professional journalism by reporting and publishing only facts and figures-based news reports across Nigeria and beyond.

Recent News

  • President Tinubu Accepts Departure Of Yakubu As INEC Chairman, Bestows CON National Honour On Him October 7, 2025
  • Amid Allegation Of Certificate Forgery, Geoffrey Uche Nnaji Resigns As Minister October 7, 2025
  • Acting Chairman Of INEC, Agbamuche-Mbu, Promises To Uphold Standards, Integrity , Professionalism October 7, 2025

Categories

  • Agriculture/ Water/ Mineral
  • Aviation
  • Business
  • Crime
  • Culture
  • Economy
  • Education
  • Entertainment
  • Environment
  • Football
  • Foreign
  • Gender
  • Health
  • Judiciary
  • Labour
  • Maritime/ Marine Transport
  • National
  • News
  • Oil & Gas
  • Opinion
  • Opinion
  • Politics
  • Power
  • Religion
  • Security
  • Sports
  • Tourism
  • Transport
  • Uncategorized

© 2022 Vital News - . All Rights Reserved.

No Result
View All Result
  • Frontpage
  • Business
  • Economy
  • Politics
  • National
  • Opinion
  • Sports
  • More
    • Crime
    • Judiciary
    • Security

© 2022 Vital News - Vital News by Vital News.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In