The Nigeria Custom Service (NCS) generated over N95.7 billion last month, its highest revenue in a single month in almost 10 years.

According to NCS public relations unit report on its website, "The Service generated N95,760,763,642.04, a feat that points to the efficacy of the Comptroller-General’s policy thrust. The Service recorded the highest revenue in 10 years despite the Forex difficulty, low imports and general economic downturn.”

The surge in revenue has been attributed to the strong position of the Comptroller-General, Col. Hammed Ibrahim Ali (rtd) on the issues of discipline, integrity and strict adherence to customs codes and clearance procedures, the statement reads.

“Col. Hammed Ibrahim Ali (rtd) on assumption of office as the Comptroller-General of Customs August last year arrived with a three prone Presidential Mandate namely:- reform, restructure and raise revenue.”

“To achieve these, he drew his policy thrust, which harped, on honesty, integrity and transparency as bases for achieving the mandate. Starting from the Headquarters and then to all customs formations across the country."

“Knowing that reform and restructuring are activities within the Nigeria Customs Service, while raising the much needed revenue requires cooperation and compliance from the part of stakeholders, the CGC embarked on stakeholders visitations to secure their buy into the new way of doing business with the service.

“After one year at the helm of affairs, the NCS, revenue generation profile has continued to be on the rise.

“Last month, August 2016, the service recorded the highest revenue in 10 years despite the forex difficulty, low imports and general economic downturn. The service generated N95,760,763,642.04, a feat that points to the efficacy of the CG’s policy thrust.

“The strong stance of the CG on issues of discipline, integrity and strict adherence to customs codes and clearance procedures is yielding positive results in the areas of suppression of smuggling and revenue collection.”

It should be recalled that Apapa Command of Nigeria Customs Service also announced similar success in August when it reported revenue of N35 billion - the highest monthly recorded revenue by any customs command in the country in a decade.

http://investorsking.com/nigeria-custom-service-generates-over-n95-7-billion-in-august/

this is the type of change I voted for

Nonsense, when you are calculating duties at N305 -$1 & costs about N 3.5 million to clear a 40ft container. Why won't you have bogus figures to post as increased revenue at the destructive expense of local businesses.

Ok..but where all these money d go. Don't want to say is a lie or apc dey try hype matters..we agree..but all this money,from tsa- recovered loot- custom funds- nnpc-...
Yet nigeria enter recession..
Please we need to know what's going on in this country.

luvinhubby:
Nonsense, when you are calculating duties at N305 -$1 & costs about N 3.5 million to clear a 40ft container. Why won't you have bogus figures to post as increased revenue at the destructive expense of local businesses.

You get sense die..

kokozain:
this is the type of change I voted for

Please dump this folly..

luvinhubby:
Nonsense, when you are calculating duties at N305 -$1 & costs about N 3.5 million to clear a 40ft container. Why won't you have bogus figures to post as increased revenue at the destructive expense of local businesses.

Please, do the mathematics and compare it with pre this time and tell yourself the truth. If you would be sincere ask any customs or clearing Agent about customs service now and systems you will now there have been remarkable improvement from when one man is the ATM to government officials.

yorubasmustprosper:


You get sense die..



Please dump this folly..

Import from overseas to keep other employed is the best thing to do. Later cry there are no jobs for our youth in Nigeria.

luvinhubby:
Nonsense, when you are calculating duties at N305 -$1 & costs about N 3.5 million to clear a 40ft container. Why won't you have bogus figures to post as increased revenue at the destructive expense of local businesses.

.
A true local business will have no business with import.. rather export.. If u can't import look for raw materials here.. That's the truth and that's will be good for the economy and the nation

mrvitalis:
.
A true local business will have no business with import.. rather export.. If u can't import look for raw materials here.. That's the truth and that's will be good for the economy and the nation

Then close down all your ports & suffocate internally then.

luvinhubby:


Then close down all your ports & suffocate internally then.

We can do that becomes we signed the world trade deal... If u did economics u would know there are so many ways to do it

At what exchange rate

kokozain:
this is the type of change I voted for

Pls answer ooooooo

Story! Where did all the money go? You monkeys should reserve this sort of news for your zombies

We ain't buying this thrash.

Story for the gods

Money for APC Chieftains

Some part will be used for Edo and Ondo gubernatorial elections


No time to probe such funds,


They are all Saints

To no visible end ... Scalar government.

Nonsensical talk ... fela

Using the dwindling value of the Naira to deceive us. What is the exchanger rate bow compared t0 then? Better still give us the value in dollars.

Good

Custom revenue December 2013----- 85 Billion Naira
Converted to Dollars in 2013 at exchange rate of 160---- $531 million.


Custom revenue August 2016-----95 Billion Naira
Converted to dollars in 2016 exchange rate of 320------ $296 million.


Why is this government so bent on deceiving the public. The inferiority complex of this government is messing things up badly. Always looking to compare itself with Jonathan's government.

Wow

Oya where's the rest of the money since its over 95.7B?

Again?

ificatchmodeh:
Ok..but where all these money d go. Don't want to say is a lie or apc dey try hype matters..we agree..but all this money,from tsa- recovered loot- custom funds- nnpc-...
Yet nigeria enter recession..
Please we need to know what's going on in this country.

it's either is used to pay salaries or to be looted .. If no fit pass like that

Tomorrow nw lai mohammed go say money no dey anywhere....me am not understanding o

ok