The Nigeria Customs Service generated a total sum of N239.4bn in the first three months of this year, figures obtained from the Federal Ministry of Finance have revealed.

The amount is contained in a document showing the activities of the ministry in the last two years, which was sighted by our correspondent in Abuja.

The NCS, according to the document, stated that its revenue performance for the first quarter of this year exceeded its target of N193.2bn by N46.2bn.

This, the service added, was achieved through a reform programmed aimed at restructuring it, re-orientating its officers, removing defects and adopting simplified procedures in its activities.

It stated, “The NCS collected N904.07bn in 2015 against a target of N944.4bn; the total collection in 2016 was N898.67bn against the target amount of N973.3bn.

“Between January and March 2017, the NCS was able to generate N239.4b, thereby exceeding the target of N193.22bn set for the period.”

The service also said it had complied with a presidential directive to deliver all seized perishable goods to the Internally Displaced Persons affected by the insurgency who are in Borno, Yobe, Adamawa and Edo camps.

It said the reforms embarked upon by the government had started yielding results as there was now strict compliance with rules governing the operations of the NCS, adding that a standard operational procedure had been developed to ensure transparency and accountability.

The NCS also said it had strengthened international engagements with the World Customs Organisation and the World Trade Organisation for trade facilitation and optimum revenue collection.

It added that a compliance team had been set up to ensure conformity with trade regulations, adding that this would help to block all illegal routes for smuggling.

The Minister of Budget and National Planning, Senator Udo Udoma, had last week said during the public presentation of the 2017 budget that although certain developments affected the realisation of projected government revenue last year, this administration was working hard to ensure increase in revenues to fund the budget.

“In terms of implementation of the budget, we are making strenuous efforts to find the resources required. We are challenging our revenue generating agencies, particularly the Federal Inland Revenue Service and the Customs to improve their efficiencies and broaden their reach so as to achieve the targets set for them in the 2017 budget,” Udoma had stated.

http://investorsking.com/customs-generated-n239-4bn-revenue-first-quarter-ministry/

Thumbs up cos I like accountability

Lalasticlala, how much did nairaland generated from snake related topics and start taking record of what is bn generated through Evans related threads

There is always room for improvement.

.Nairaland generated 2billion Zimbabwean dollars in 2 months.....

If you think m lying...ask seun

.zks

my good is being held by them. so i am not happy

So We Should Fry Buhari?

The utilization of the the money would be unknown. Free money to be looted.

is okay continu.

Who dey take all this billions wet customs dey generate? And Naijiria still dey in recession.

uselesd to me.

we done hear
Make we use fear gree
big big talk wey no dey translate to anything tangible in the lives of the masses

The service also said it had complied with a
presidential directive to deliver all seized
perishable goods to the Internally Displaced
Persons affected by the insurgency who are
in Borno, Yobe, Adamawa and Edo camps.



That's good of our president...

We won't even know where and how the money will be spent, Nice one.

Congrats, but how does it affect my personal economics . What is the update on the custom boss and the Senate then, who finally succumb to the other.

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Opportunity for the Senate to increase its allocation. The people don't benefit from news like this. Siphoning mode will be activated now. What a pity!

waiting for the release of the amount generated into personal pockets. let's see which is higher.

We have all this type of money,and the country still engages in its large borrowing spree..

Buhari should start using all this money before the looter PDP smell the government again.
He must stop his herdsmen stupidity for us to appreciate his effort against corruption.

If dey hear good news they will hide if the news is bad they come out and celebrate wailing zombies are a curse on the country.

How much enter pockets?

Stupid people trying to impress their foolish master the end is near for all these rubish

Money to be looted

vedaxcool:
If dey hear good news they will hide if the news is bad they come out and celebrate wailing zombies are a curse on the country.

Prof. Zombie.
what about the money they claimed to have recovered from those who returned looted funds??

kc2hansome:


Prof. Zombie.
what about the money they claimed to have recovered from those who returned looted funds??

Pained COWNU zombie how does your daft question correlates with the thread that is clearly about Customs beating its 1st quarter target?

goooze:
Stupid people trying to impress their foolish master the end is near for all these rubish

Pained COWNU zombie if the case was the reverse you would be jumping like a frog on how the govt is bad.