• About
  • Advertise
  • Contact
Tuesday, June 9, 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

Vehicle Importation Dropped By 40pct In 2022 – Customs

...attributes drop to introduction of VIN

Vital News by Vital News
January 26, 2023
in Economy, National
0
Vehicle Importation Dropped By 40pct In 2022 – Customs
Share on FacebookShare on Twitter

Lagos – The Ports and Terminal Multipurpose Limited Command of the Nigeria Customs Service (NCS) says the introduction of Vehicles Identification Number (VIN) for clearing of imported vehicles led to a 40 per cent drop in imported vehicles in 2022.

The outgoing Controller of the command, acting Assistant Comptroller General, Suleiman Bomai, disclosed this while briefing journalists on the activities of the command for the year.

He said the command generated N229billion as revenue into the Federal government’s coffers in 2022.

He said that the figure represented 96 per cent of the revenue target of N238bn set for the command for the period under review.

Bomai said the revenue generated was N5billion higher than the N224billion revenue collected in 2021.

RelatedStories

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

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

Omodara : The ‘Pain In The Neck’ of Criminals, Pride Of Kogi Govt, No Nonsense Crime Fighter In the Eyes of Citizens By Abu Micheal

FG Concludes Screening Of Nigerians Seeking Evacuation From South Africa

“There was a drop in 2022; there was a drop of almost 40 per cent of roll-on-roll-off importation.

“The shipping lines can also confirm that there was a drop but despite the drop, look at the revenue we got,” he said.

He reiterated that some government policies such the VIN affected automobile importation through the command within the year under review.

“In the year under review about 80 per cent of the cargoes handled in the terminal were vehicles.

“As a customs command, we employed dialogue with our strategic stakeholders on the need to understand the basis of VIN valuation and engaged them severally to solicit their cooperation.

“We also strengthened our relationship with our strategic partners who are sister government agencies in the port.

‘Our robust interface with private sector stakeholders and government agencies is ongoing in 2023 and beyond in line with our extant standard operating procedures. It is important to state that implementation of all government policies and directives are ongoing with increasing degree of compliance being recorded so far,” Bomai explained.

He said that the absence of scanners in the command was one of the major challenges the command faced in 2022.

“The absence of non-functional scanners in the command is one of our major challenges. This will reduce the issue of 100 per cent physical examination of containerised cargo.

“As the customs modernisation project progresses, we are hoping to have a scanner for faster cargo examination.

“Available space within the command is very limited and we are managing that currently. We anticipate that in future the PTML management and our various bonded warehouse operators will expand our spaces to enhance customs operation,” he added.

Bomai said that the command handled exports of commodities such as cocoa, sesame seeds, palm oil and other foods items with 178 metric tonnes with a free on board value of $249m in 2022.

“Compared to 2021 when we had a total tonnage of about 147 metric tons, with a total FOB value of $1.4bn.

“In the year 2022, the command generated total revenue of N229billion.

“This represents about 96 per cent of the revenue target of N238billion set for 2021 adopted by the command in 2022.

“This shows an increase of N5billion when compared to N224billion collected within the period under review in 2021.

“This represents an increase of 2.2 per cent. Despite the recorded downtime occasioned by agents strike and alleged inability by some importers to clear their vehicles from our control, we were able to surpass 2021 revenue collection last year.” (NAN/vitalnewsngr.com)

Tags: dropImportvehiclesVIN
Previous Post

How Ex-JAMB Registrar, Dibu Ojerinde Used Me To Steal Government Money – Witness

Next Post

Boko Haram Left Borno With Bank Branches In Two Out Of 27 Local Governments—Zulum

Vital News

Vital News

RelatedStories

Excitement As FG Reintroduces Payment Of Gratuity To Federal Civil Servants
National

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

June 9, 2026
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
Omodara : The ‘Pain In The Neck’ of Criminals, Pride Of Kogi Govt, No Nonsense Crime Fighter In the Eyes of Citizens By Abu Micheal
Opinion

Omodara : The ‘Pain In The Neck’ of Criminals, Pride Of Kogi Govt, No Nonsense Crime Fighter In the Eyes of Citizens By Abu Micheal

June 7, 2026
Excitement As FG Reintroduces Payment Of Gratuity To Federal Civil Servants
National

FG Concludes Screening Of Nigerians Seeking Evacuation From South Africa

June 6, 2026
Tegbe, Chinese Envoy Meet To Deepen Nigeria-China Cooperation On Power, Infrastructure
National

Tegbe, Chinese Envoy Meet To Deepen Nigeria-China Cooperation On Power, Infrastructure

June 6, 2026
Next Post
Boko Haram Left Borno With Bank Branches In Two Out Of 27 Local Governments—Zulum

Boko Haram Left Borno With Bank Branches In Two Out Of 27 Local Governments—Zulum

EFCC Arraigns Aderibigbe , Ex-NSITF GM Legal Services For N60mln Fraud

EFCC Arraigns Aderibigbe , Ex-NSITF GM Legal Services For N60mln Fraud

Firm Tasks INEC, Parties On More Involvement Of CSO's In 2023 Elections

Leave a Reply Cancel reply

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

Follow Us

Recommended

IPCR Condemns Jos Killings, Urges Restraint and Unity

IPCR Condemns Jos Killings, Urges Restraint and Unity

2 months ago

2023 Elections : Buhari orders ministers, other political appointees to resign immediately

4 years ago
Tinubu Welcomes Revival Of Port Harcourt Refinery, Urges NNPCL To Expedite Action On Warri, Kaduna Refineries

After Brief Scale Down, Port Harcourt Refinery Resumes Full Production Of Petrol, Diesel, Kerosene

2 years ago
Ex-JAMB Registrar, Dibu Ojerinde, 6 Children Arraigned For Corruption By ICPC

Ex-JAMB Registrar, Dibu Ojerinde, 6 Children Arraigned For Corruption By ICPC

3 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
  • 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