• About
  • Advertise
  • Contact
Thursday, September 24, 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

President Tinubu Extends Working Vacation By Few Days

Dangote Refinery IPO : Investors Are At No Risk, They Will Reap Bountiful Returns – Devakumar

South-West Regional Growth : Retired Heads Of Service, PS Commit To SWDC, Odu’a Ltd., DAWN Partnership

ABIODUN’S EDUCATION TRUST FUND : BUILDING OGUN’S FUTURE BEYOND PROJECTS By Kayode Akinmade

“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

President Tinubu Extends Working Vacation By Few Days
National

President Tinubu Extends Working Vacation By Few Days

September 21, 2026
Crisis Looms As Oil Marketers Stop Lifting Petrol From Dangote Refinery Over Price
Business

Dangote Refinery IPO : Investors Are At No Risk, They Will Reap Bountiful Returns – Devakumar

September 21, 2026
South-West Regional Growth : Retired Heads Of Service, PS Commit To SWDC, Odu’a Ltd., DAWN Partnership
Economy

South-West Regional Growth : Retired Heads Of Service, PS Commit To SWDC, Odu’a Ltd., DAWN Partnership

September 20, 2026
Abiodun’s Leadership Style Attracting Investment, Transforming Ogun – Akinmade
Education

ABIODUN’S EDUCATION TRUST FUND : BUILDING OGUN’S FUTURE BEYOND PROJECTS By Kayode Akinmade

September 20, 2026
FG Suspends 21 NSCDC Officers Over Death Of 37 Miners In Custody, Constitutes 10-member Probe Panel
National

FG Suspends 21 NSCDC Officers Over Death Of 37 Miners In Custody, Constitutes 10-member Probe Panel

September 19, 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

IGP Orders Arrest Of Afrobeat Singer, Seun Kuti For Assaulting Police Officer

IGP Orders Arrest Of Afrobeat Singer, Seun Kuti For Assaulting Police Officer

3 years ago
Ododo Flags Off Distribution Of 25 Trucks Of Fertilizer To Kogi Farmers

Ododo Flags Off Distribution Of 25 Trucks Of Fertilizer To Kogi Farmers

2 years ago
BRICS Nations Agree To Expand Developing World Bloc

BRICS Nations Agree To Expand Developing World Bloc

3 years ago
Aliko Dangote Meets With President Of World Bank Group, Ajay Banga In US

Aliko Dangote Meets With President Of World Bank Group, Ajay Banga In US

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

Highlights

President Tinubu Welcomes $800mln IMA Gas FID As Nigeria Unlocks Five-decade-old Gas Resource

President Tinubu Celebrates King Sunny Ade@80, Commends His Life Of Musical Excellence, Cultural Ambassadorship

Ex-SGF, Babachir Lawal Defects To NDC, Declares Support For Obi/Kwankwaso Ticket

Abiodun Moves To Reconcile Aggrieved APC Members In Ogun East

We Owe Nigerians The Truth, Says Tunji-Ojo, Inaugurates Probe Panel Into 37 Deaths In NSCDC Custody

President Tinubu Extends Working Vacation By Few Days

Trending

Sultan Of Sokoto Warns District Heads Against Engaging In Partisan Politics
News

Stop Using Stolen Funds To Sponsor Nigerians On Holy Pilgrimage To Mecca, Jerusalem – Sultan To Politicians

by Vital News
September 23, 2026
0

The Sultan of Sokoto, Alhaj Sa’ad Abubakar, has warned politicians and public office holders to stop using...

Dangote Cement Deploys AI, Telematics To Enhance Compliance To Road Safety

IPO : ADF Promises To Assist Two Million Vulnerable Women To Own Shares In Dangote Refinery

September 23, 2026
Kogi Governor’s Wife, Sefinat Ododo, Pays Condolence Visit To Family Of Late Former Governor Ibrahim Idris

Kogi Governor’s Wife, Sefinat Ododo, Pays Condolence Visit To Family Of Late Former Governor Ibrahim Idris

September 23, 2026
Tinubu : Presidency Clarifies Ongoing Freedom Of Information Act Case In Washington D. C

President Tinubu Welcomes $800mln IMA Gas FID As Nigeria Unlocks Five-decade-old Gas Resource

September 23, 2026
President Tinubu Celebrates King Sunny Ade@80, Commends His Life Of Musical Excellence, Cultural Ambassadorship

President Tinubu Celebrates King Sunny Ade@80, Commends His Life Of Musical Excellence, Cultural Ambassadorship

September 22, 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

  • Stop Using Stolen Funds To Sponsor Nigerians On Holy Pilgrimage To Mecca, Jerusalem – Sultan To Politicians September 23, 2026
  • IPO : ADF Promises To Assist Two Million Vulnerable Women To Own Shares In Dangote Refinery September 23, 2026
  • Kogi Governor’s Wife, Sefinat Ododo, Pays Condolence Visit To Family Of Late Former Governor Ibrahim Idris September 23, 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