• About
  • Advertise
  • Contact
Wednesday, June 10, 2026
  • 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

Dangote Named Africa’s Most Admired Brand for 8th Consecutive Year

London Courts Africa’s Rising Economic Power As Khan Hosts Historic Business Summit

VP Shettima Urges States To Unlock Full Potential Of $750mln SABER Programme

S&P Upgrades Nigeria’s Credit Rating To B, Says Dangote Refinery Driving Nigeria’s Economic Resurgence

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

Dangote Named Africa’s Most Admired Brand for 8th Consecutive Year
Business

Dangote Named Africa’s Most Admired Brand for 8th Consecutive Year

June 9, 2026
London Courts Africa’s Rising Economic Power As Khan Hosts Historic Business Summit
Business

London Courts Africa’s Rising Economic Power As Khan Hosts Historic Business Summit

June 4, 2026
VP Shettima Urges States To Unlock Full Potential Of $750mln SABER Programme
Economy

VP Shettima Urges States To Unlock Full Potential Of $750mln SABER Programme

June 2, 2026
After Fuel Price Increase,  Dangote Refinery Reaffirms Market Stability, Assures Adequate Nationwide PMS Supply
Economy

S&P Upgrades Nigeria’s Credit Rating To B, Says Dangote Refinery Driving Nigeria’s Economic Resurgence

May 25, 2026
Dangote Group Partnering Niger State To Strengthening Strategic Economic Partnership
Business

Dangote Group Partnering Niger State To Strengthening Strategic Economic Partnership

May 13, 2026
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

Olubadan Owolabi Olakulehin’s Family Visits Governor Makinde, Briefs Him On Demise Of Foremost Traditional Ruler

Olubadan Owolabi Olakulehin’s Family Visits Governor Makinde, Briefs Him On Demise Of Foremost Traditional Ruler

11 months ago
YOWICAN Seeks Youth Inclusion In Governance, Expresses Readiness To Work With Tinubu

YOWICAN Seeks Youth Inclusion In Governance, Expresses Readiness To Work With Tinubu

3 years ago
APC Slams Opposition Parties Over Calls For Election Cancellation

APC Shifts Kogi, Bayelsa, Imo Governorship Primaries To April 14

3 years ago
Professor Amupitan Resumes Office As New INEC Chairman

INEC Releases Timetable, Schedule Of Activities For 2027 General Elections, Fixes February 20 For Presidential Election

4 months 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
  • Housing
  • ICT
  • Judiciary
  • Labour
  • Maritime/ Marine Transport
  • National
  • News
  • Oil & Gas
  • Opinion
  • Opinion
  • Politics
  • Power
  • Religion
  • Security
  • Sports
  • Tourism
  • Transport
  • Uncategorized

Topics

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

Highlights

Xenophobia : FG To Begin Evacuation Of Nigerians From S/Africa On Thursday, First Batch To Arrive Lagos

Four killed, 24 injured In Warri–Itakpe Train crash, Senator Ede Dafinone, Ex-Delta SSG, Patrick Ukah In Narrow Escape

Surge In Borno Cholera Outbreak 7,850 Cases, 74 Deaths Recorded, Health Facilities Overwhelmed

Tegbe Resumes Office, Pledges Reforms, Accountability, Visible Progress In Power Sector

Dangote Named Africa’s Most Admired Brand for 8th Consecutive Year

Demand For Delineation Escalates As Ijaw, Urhobo Youths, Women Shut Down 13 Oil Flow Stations, Over 400,000bpd Lost

Trending

Ekiti State University Deputy Registrar, Afolabi, Collapses, Dies While Writing Test To Become Substantive Registrar
Education

Ekiti State University Deputy Registrar, Afolabi, Collapses, Dies While Writing Test To Become Substantive Registrar

by Vital News
June 9, 2026
0

A Deputy Registrar with Ekiti State University, Ado Ekiti, Dr Solomon Oluwashola Afolabi suddenly died on Tuesday...

PDP Re-Elects Mohammed, Anyanwu As Chairman, Secretary

INEC Removes Two Officers Of Turaki -led PDP From Portal, Lists Wike’s Loyalists As Replacements

June 9, 2026
FG Establishes Task Force On Ebola, Sets Aside N10bln For Emergency Preparedness

FG Establishes Task Force On Ebola, Sets Aside N10bln For Emergency Preparedness

June 9, 2026
Excitement As FG Reintroduces Payment Of Gratuity To Federal Civil Servants

Xenophobia : FG To Begin Evacuation Of Nigerians From S/Africa On Thursday, First Batch To Arrive Lagos

June 9, 2026
Four killed, 24 injured In Warri–Itakpe Train crash, Senator Ede Dafinone, Ex-Delta SSG, Patrick Ukah In Narrow Escape

Four killed, 24 injured In Warri–Itakpe Train crash, Senator Ede Dafinone, Ex-Delta SSG, Patrick Ukah In Narrow Escape

June 9, 2026
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

  • Ekiti State University Deputy Registrar, Afolabi, Collapses, Dies While Writing Test To Become Substantive Registrar June 9, 2026
  • INEC Removes Two Officers Of Turaki -led PDP From Portal, Lists Wike’s Loyalists As Replacements June 9, 2026
  • FG Establishes Task Force On Ebola, Sets Aside N10bln For Emergency Preparedness June 9, 2026

Categories

  • Agriculture/ Water/ Mineral
  • Aviation
  • Business
  • Crime
  • Culture
  • Economy
  • Education
  • Entertainment
  • Environment
  • Football
  • Foreign
  • Gender
  • Health
  • Housing
  • ICT
  • 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