The Nigeria Customs Service (NCS), Tin-Can Island Command, had a revenue shortfall of N2.7 billion in the first quarter of 2016, compared with the corresponding period of 2015.
The Public Relations Officer of the command, Chris Osunkwo, made the disclosure in an interview with the News Agency of Nigeria (NAN) on Tuesday in Lagos.
Mr. Osunkwo said the command generated N58.9 billion in the first quarter of 2016, and generated N61.6 billion in the corresponding period of 2015.
The Comptroller-General, Nigeria Customs Service (NCS), Hameed Ali, on April 4, at a Consultative Forum between Customs and the Manufacturers Association of Nigeria (MAN), decried the revenue shortfall.
Mr. Ali attributed the shortfall in Customs revenue to the Central Bank of Nigeria’s (CBN) policies.
He said that the service, as a whole, had a revenue shortfall of N230 billion in the last quarter of 2015.
Mr. Osunkwo, however, said that the command made some seizures along with the revenue collected in the period under review.
He said that in January the command seized 60 cartons of centre tables, 30 cartons of cooking oil, 60 cartons of fruit juice, and 25 cartons of spaghetti, all with a Duty Paid Value (DPV) of N3.6million.
Foramfera
Mr. Osunkwo said the seizures in February included: 50 bundles of used tyres, 15 cartons of table water and 10 cartons of vegetable oil, 11 bags of used clothes and three bags of used shoes, all with a DPV of N600,000.
He said that in March, the command seized 70 cartons of tissue paper, 70 cartons of nylon, 24 bags of fruit juice, 21 bags of used shoes and a woman’s bag, all with a DPV of N571, 000. (NAN)

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The shortfall simply means CHANGE

Everything will be great....at the end of 2018. CBN Governor

By what rate has ExIm (Export and Import) dropped?

Buhari keeps breaking the records, soon we would hit a ZERO oil production level

In zombie voice *things will get better*

Import and export should start happening between Nigerian States

Change will be delivered in 2018. Trust Nigerians to forget all the prior sufferings and vote APC in 2019. This is the psychology of the Nigerian masses and APC knows this too well and will exploit it.

With all the importation and forex restriction aimed at discouraging imports, of course the revenue from import duties would keep going down.

How do you ban the importation of 41 items when forex is so high that importers of luxury goods and even essential items for the manufacturing sector cannot import their goods and still expect not just to make the same amount but to increase your revenue. Customs should have expected this short fall any thing else would be self delusion.