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Customs Generates N1.01trillion Revenue, Exceeds N770.5bn Year Target By 24% - Business - Nairaland

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Customs Generates N1.01trillion Revenue, Exceeds N770.5bn Year Target By 24% by BuhariCarryGo: 1:10pm On Dec 21, 2017

The Nigeria Customs Service (NCS) has generated N1.012 trillion as revenue, exceeding the N770.5 billion target it set for 2017 by about 23.9 percent.

NCS’ Public Relations Officer, Deputy Comptroller Joseph Attah, in a briefing at the headquarters in Abuja on Thursday said the Service achieved the feat due to the dogged implementation of the Presidential mandate to Restructure, Reform and Raise revenue (3Rs) by the Comptroller General of Customs, Col. Hameed Ali (Rtd).

He said: “Nigeria Customs Service has recorded the highest revenue collection ever, of N1.012trn with five more working days to the end of 2017.”

Mr Attah noted that the performance in revenue collection shows N241.68bn (about 23.9 per cent) increase over the N770.5bn target for the year, and that it was well above the N898.67bn collected in 2016.

He said it was despite the economic recession experienced earlier in the year with low volume imports, occasioned by restriction on 41 items from accessing foreign exchange.

Among the strategies taken by the Col. Ali to raise the revenue include strategic redeployment of officers and men, overhaul and re-training operatives of the Customs Intelligence Unit, and intensified anti-smuggling exercise through the Compliance Team.

Others are prompt reward for hard work and punishment for defaulters, transparent and merit-based promotion, stakeholders’ sensitisation, and maximising automation through monitoring, blocking and recovering lost revenues.

He said the ruthless anti-smuggling operations resulted in over 4,000 assorted seizures with over N11bn in value in 2017 including 2,671 pump action rifles and 13,000 metric tonnes of rice.

“It helped to increase levels of compliance in terms of honest declarations and correct payment of duties by traders to avoid loss of their goods and possible jail term,” he said.

The Service also recorded injuries and lost six Officers in the process of enforcing the law during the year even as it noted that some unpatriotic elements are still sabotaging government policies especially with the smuggling of rice and vehicles through the land borders.

“The CGC has directed sustained onslaught against smugglers especially at this festive period. He however in the spirit of the season, enjoined all stakeholders to reflect on the values of patriotism and resolve to avoid all forms of smuggling,” Attah confirmed


https://www.dailytrust.com.ng/customs-generates-n1-01trillion-revenue-exceeds-n770-5bn-year-target-by-24.html

9 Likes 4 Shares

Re: Customs Generates N1.01trillion Revenue, Exceeds N770.5bn Year Target By 24% by ManirBK: 1:11pm On Dec 21, 2017
GOOD DEVELOPMENT WAILERS OVER TO YOU!

55 Likes 6 Shares

Re: Customs Generates N1.01trillion Revenue, Exceeds N770.5bn Year Target By 24% by hypertension(m): 1:13pm On Dec 21, 2017
So, where is the money na? Things have not improved since the APC says we are out of recession.

Probably, in some places, things are okay; But for where i dey, this your One trillion revenue nor add anything to the situation.

We will continue to pray that you guy'z work something out. Because if this contry fails, na we (the masses) go suffer am pass oh..

13 Likes 1 Share

Re: Customs Generates N1.01trillion Revenue, Exceeds N770.5bn Year Target By 24% by Rolandonyi: 1:30pm On Dec 21, 2017
Kudos to team of NC men and women led by Col. Hameed Ali (Rtd). This indeed a great feat achieved by them. Little by little we will get there. Let us appreciate them, it shows the leakages are being reduced gradually till it will end entirely but more importantly, they must deploy technology.

48 Likes 6 Shares

Re: Customs Generates N1.01trillion Revenue, Exceeds N770.5bn Year Target By 24% by seunmsg(m): 1:38pm On Dec 21, 2017
This goes to show that it is not all about wearing heavily starched uniform but about competency and administrative acumen. Kudos to the Hammed Ali and his team. This also goes to show that the war against corruption is being won quietly. Under the past administration, they wouldn't even meet the target due to corruption not to talk of exceeding it.

73 Likes 7 Shares

Re: Customs Generates N1.01trillion Revenue, Exceeds N770.5bn Year Target By 24% by Jesusloveyou: 1:39pm On Dec 21, 2017
That is good,
Buhari is working

40 Likes 4 Shares

Re: Customs Generates N1.01trillion Revenue, Exceeds N770.5bn Year Target By 24% by rusher14: 1:56pm On Dec 21, 2017
Outstanding feat deserving of kudos.

Chop knuckle.

31 Likes 2 Shares

Re: Customs Generates N1.01trillion Revenue, Exceeds N770.5bn Year Target By 24% by IVORY2009(m): 1:57pm On Dec 21, 2017
[s]
rusher14:
Outstanding feat deserving of kudos.

Chop knuckle.
[/s]


major gen. ivory reporting

1 Like 1 Share

Re: Customs Generates N1.01trillion Revenue, Exceeds N770.5bn Year Target By 24% by lakpalakpa: 2:27pm On Dec 21, 2017
Poor performance.

If only this stubborn man had worn his uniform they'd have gotten up to 5 trillion...


undecided

9 Likes 1 Share

Re: Customs Generates N1.01trillion Revenue, Exceeds N770.5bn Year Target By 24% by dreamworld: 2:42pm On Dec 21, 2017
Paid by igbo importers

20 Likes 5 Shares

Re: Customs Generates N1.01trillion Revenue, Exceeds N770.5bn Year Target By 24% by midolian(m): 3:08pm On Dec 21, 2017
Even without uniform.

Nigerian Senate and the sympathizers, what do you have to say?

27 Likes 1 Share

Re: Customs Generates N1.01trillion Revenue, Exceeds N770.5bn Year Target By 24% by pol23: 3:09pm On Dec 21, 2017
After the profit sharing...
They won't come out tell us how much has been shared among the top officer to the yard manager and gateman.
How much was collected to free that Saraki case...
Naija sweet oo...
No be only NNPC.
If you know someone working in NFF,CBN,NBS,FIRS,...etc.
Not to talk of our Oga Senator dem.





I just received my first Christmas gift...it's a greeting card from the Estate Agency...it makes feel good at least someone remember me...But I still dey owe money...
Merry Christmas everybody...have fun.
Share gift..
Don't just wait on people to give you...everybody has something to give...don't be stingy..
While waiting for gift,don't forget you already had the biggest gift on Earth..your life..say thank you for the gift of life and put a smile on someone's face.
If you live around VGC...I have free beer for you.

2 Likes 4 Shares

Re: Customs Generates N1.01trillion Revenue, Exceeds N770.5bn Year Target By 24% by Nobody: 3:10pm On Dec 21, 2017
Mostly the goods of Igbo people stolen in theft like they did to Innoson.

By the way, where are the proceeds? Because the last time I checked, Nigerians are still hungry.

7 Likes 1 Share

Re: Customs Generates N1.01trillion Revenue, Exceeds N770.5bn Year Target By 24% by SILVA112(m): 3:11pm On Dec 21, 2017
Igbo importers money '' and day are happy ''

1 Like

Re: Customs Generates N1.01trillion Revenue, Exceeds N770.5bn Year Target By 24% by Nobody: 3:12pm On Dec 21, 2017
sad

15 Likes

Re: Customs Generates N1.01trillion Revenue, Exceeds N770.5bn Year Target By 24% by Nobody: 3:12pm On Dec 21, 2017
lipsrsealed

3 Likes

Re: Customs Generates N1.01trillion Revenue, Exceeds N770.5bn Year Target By 24% by Nobody: 3:12pm On Dec 21, 2017
cool

11 Likes

Re: Customs Generates N1.01trillion Revenue, Exceeds N770.5bn Year Target By 24% by deji17: 3:12pm On Dec 21, 2017
Buhari o. A man of destiny. A man determined to turn the fortune of the country around for good. A man appointed by God. A man that God is using to develop Nigeria. God bless you.
Despite all the gimmicks and hurdles thrown in your way by unpatriotic wailers, you still excel.
This is a good and welcome development.
Forward ever, backward never.

29 Likes 5 Shares

Re: Customs Generates N1.01trillion Revenue, Exceeds N770.5bn Year Target By 24% by castrokins(m): 3:13pm On Dec 21, 2017
Have They Paid Innossons Yet?
Re: Customs Generates N1.01trillion Revenue, Exceeds N770.5bn Year Target By 24% by MrMoney007: 3:13pm On Dec 21, 2017
Everyday fools in government will be deceiving and distracting their fellow fools with imaginary pronouncement of money.

If these huge funds they recover everyday can't be felt in the economy, there is no money anywhere.

I asked again, where is the money?

1 Like 1 Share

Re: Customs Generates N1.01trillion Revenue, Exceeds N770.5bn Year Target By 24% by MrMoney007: 3:13pm On Dec 21, 2017
GTBANK versus INNOSON; TIME FOR ACTION IS NOW!

By Charles Ogbu

To you all who abhor injustice and official tyranny, this is a golden opportunity to stand up to be counted.

Stop speaking too many grammar over the humiliation and economic terrorism visited on Innoson by the uniformed rogues masquerading as the EFCC with their partner in corporate roquery, GTBANK.

GET UP NOW AND WALK TO THE NEAREST GTBANK AND TRANSFER YOUR MONEY TO ANOTHER BANK. Is GTBank the only bank??

If you can't fight EFCC since they are the govt, can't you at least make GTBANK pay a very steep price for this act of state-sponsored corporate witch-craft.

You have the number. You have the means. You have all the wherewithal to pursue a well justified vendetta against that rogue bank called GTBANK. If GTBANK can rob Innoson and still connive with the discredited thuggish agency called the EFCC to arrest him like a common criminal, do you think your own money is safe with them?? Death wey kill Alhaji, na ordinary Almajiri e no go kill??

As I write this, Innoson Motors has won a total of 4 court cases (2 at the high Court and another 2 at the appeal court) against GTBank but rather than obey the Court judgement or wait for the decision of the Supreme Court to where they filed an appeal, the Bank went into an evil alliance with the Fulani govt to destroy Innoson Motors.

Does such a Bank deserve your patronage

In the name of all you hold dear, prove to this integrity-challenged govt that Ndigbo and all 5percenters have had enough.

Being angry at a perceived act of injustice is nothing until you are able to harness that anger and properly channel it towards gifting yourself with justice.

Boycott everything that is remotely related to GTBANK. Do it today,not tomorrow!

By this action, GTBANK has declared economic war on us. This is the time to fully activate and deploy the Onye-Aghana-Nwanne-Ya spirit.

Chief Innocent Chukwuma rejected mouth-watering offer to move his business to Ghana. Single-handedly, he put Nigeria on the map of auto-engineering and production under the harshest of business atmosphere. And this is his reward??

While Dangote is being "dashed" dollars at the rate of 190 naira with outrageous waivers and numberless govt-sponsored benefits, Innocent Chukwuma almost had his business go south due to inability to access the same forex.

Yet,

The same integrity-challenged Attorney General who reportedly gave legal protection to Maina the pension thief had the moronic effortery to file forgery case against Innoson. Next, the DSS will complete the cycle with treason charge

We have not forgotten how Cletus Ibeto of Ibeto cement was destroyed just so the Caliphate 1st son -Dangote- could enjoy cement monopoly. We remember how Dr Patrick Ifeanyi Uba was recently detained almost for months by the DSS simply for trying to get NNPC to pay him for service rendered. We are not unaware of what our businessmen go through in the hands of Hamid Ali-led economic buccaneers masquerading as the Nigerian Custom.

As a people, we must positively conspire to salvage our noble heritage, our honor and our dignity from the savagery of these corporate and official Savages wearing the garb of GTBANK and the Nigerian govt.

WE HAVE DONE TOO MUCH TALKING. IT IS TIME TO STOP TALKING AND START ACTING.

Please, go to GTBANK today and vacate all your assets and call your family and friends to do the same. Cease all transactions with GTBANK.

Nnamdi Kanu was right:

As a country, Nigeria is unsalvageable! There is no place for the Igbo man here even if we all hate to admit it.

#BoycottGTBANK.
#CeaseAllTransactionWithGTBANKToday!!

4 Likes

Re: Customs Generates N1.01trillion Revenue, Exceeds N770.5bn Year Target By 24% by nwakibie3(m): 3:13pm On Dec 21, 2017
and buhari still want to borrow to fund budget

1 Like

Re: Customs Generates N1.01trillion Revenue, Exceeds N770.5bn Year Target By 24% by MrMoney007: 3:14pm On Dec 21, 2017
deji17:
Buhari o. A man of destiny. A man determined to turn the fortune of the country arond for good. God bless you .

Afonja scumbag.

decayed sense of reasoning
Re: Customs Generates N1.01trillion Revenue, Exceeds N770.5bn Year Target By 24% by imstrong1: 3:15pm On Dec 21, 2017
Col Ali is only trying to prove a point to the senate that one can still excel without uniform

9 Likes

Re: Customs Generates N1.01trillion Revenue, Exceeds N770.5bn Year Target By 24% by farem: 3:15pm On Dec 21, 2017
Are we still not going to borrow more on top of this!

Nigeria is a sinking hole!
Re: Customs Generates N1.01trillion Revenue, Exceeds N770.5bn Year Target By 24% by jamesibor: 3:16pm On Dec 21, 2017
This is rather a poor performance considering that they generated N977bn in 2014 when the dollar was at N155. Now that dollar has more than doubled, that earning should have at least been almost double since customs duty is paid as a percentage of the cost of import which is in dollars and then converted to naira using current exchange rate.

Poor performance all in all.

Zombies led by sarrki and seunmsg over to you.

4 Likes 2 Shares

Re: Customs Generates N1.01trillion Revenue, Exceeds N770.5bn Year Target By 24% by Wiseandtrue(f): 3:16pm On Dec 21, 2017
BuhariCarryGo:


“It helped to increase levels of compliance in terms of honest declarations and correct payment of duties by traders to avoid loss of their goods and possible jail term,” he said.

https://www.dailytrust.com.ng/customs-generates-n1-01trillion-revenue-exceeds-n770-5bn-year-target-by-24.html
Is the immigration office complying with the FG directives?

Common international passport wey government say make e no pass 15,000 you guys are charging N30,000 for adult then for kids N25,000 at PWD

Is this how you make trillions for government by extorting and frustrating fellow Nigerians

4 Likes 3 Shares

Re: Customs Generates N1.01trillion Revenue, Exceeds N770.5bn Year Target By 24% by chicobaddest(m): 3:17pm On Dec 21, 2017
grin
Buhari my man
You are a disgrace to Aisha and your cattles. lipsrsealed
Re: Customs Generates N1.01trillion Revenue, Exceeds N770.5bn Year Target By 24% by deji17: 3:17pm On Dec 21, 2017
MrMoney007:


Afonja scumbag.

decayed sense of reasoning

Ibo barbarian, your life is meaningless.

11 Likes 1 Share

Re: Customs Generates N1.01trillion Revenue, Exceeds N770.5bn Year Target By 24% by Desyner: 3:18pm On Dec 21, 2017
dreamworld:
Paid by igbo importers
From money Nigerian spent buying the goods igbos imported.

4 Likes

Re: Customs Generates N1.01trillion Revenue, Exceeds N770.5bn Year Target By 24% by Johnrake69: 3:18pm On Dec 21, 2017
Where is the money? Why are we still borrowing billions of dollars to fund the budget?
Re: Customs Generates N1.01trillion Revenue, Exceeds N770.5bn Year Target By 24% by ikorodureporta: 3:18pm On Dec 21, 2017
Only customs made over a trillion. Wht abt thoz of NPA, NIGCOMSAT, CRUDE OIL, GAS, SOLID MINERALS, TRANSPORT MINISTRY, POWER, LANDS & SURVEYING, etc.....yet you guys owe salaries, & still borrowing

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