Customs fixes N1.130trn revenue target for Tincan port command

The Nigeria Customs Service (NCS) has fixed a total of N1.13 trillion as a revenue target for the Tin-can Island Port Command of the operatives.

The Customs Area Controller, CAC, Tin-can Island Port command, Comptroller Dera Nnadi, who made this disclosure, on Tuesday, said the target allocated to Tin-can Island Port command constitutes 27 per cent of the national target.

“In 2023, our revenue target was N801.5 billion out of which we were able to collect N716.5 billion, representing 89 per cent of our target.

“However, in 2024, the Controller General of Customs (CGC) and its management have increased it to N1.13 trillion.

“This translates to a monthly target of N94.23 billion, which translates to N21.7 billion every week and that means on a daily basis officers and men of the command, with the support of stakeholders are supposedly to collect N4.23 billion every day,” he remarked.

According to him, “the Command’s weekly target was N66 billion in 2023, but from June to December, they averaged N76 billion, which meant that the 2024 target was doable.”

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The comptroller said: “The Command has declared 2024 as the year of stakeholders. 

We believe that they are going to reciprocate the kind gesture for us by declaring the appropriate duty and be compliant. 

He further said that Nigeria’s economy remains an import generation economy, adding that they would map out a strategy that no freight forwarders' cargo stays long in the port to acquire demurrage.