₦airaland Forum

The Nigeria Customs Service (NCS) says it generated over N1 trillion between January and June 2021 as revenue for the federation.

This represents an increase of N290. 20 billion compared to the N713.54 billion it recorded within the same period last year.

Joseph Attah, public relations officers of NCS, disclosed this on Thursday, while addressing journalists in Abuja.

Attah said that hitting the trillion-naira mark within six months is unprecedented in the service.

He added that the agency’s revenue profile had continued to be on the increase due to ongoing reforms, which exploited the potential of technology and will always be willing to break its records to generate more revenue above the target under a favourable environment.

Attah said the agency seized a total number of 2,333 assorted items, with a duty paid value of N4.42 billion.

He listed the items to include arms and ammunition, illicit drugs, and food items such as rice, vegetable oil, among others, which could have had grave consequences on national security and the economy.

https://www.thecable.ng/customs-generates-n1trn-in-six-months-highest-half-year-revenue-ever

So Nigeria's Customs Service could generate this kind of revenue within 6months and our darling Daddy is planning to borrow again?



Make una sofri-sofri dey lie this lie abeg

Wonderful

Convert it dollars and you will find it's one of the lowest ever generated ..let's stop deceiving Nigerians

That amount would have been like half if not for devalued Naira.

If Custom alone can generate 1tr in six months, why is the govt begging cap in hand for another loan of 2.3tr ?

By milking the South only!

The merchants of bad news are reeling in pains.

Maxymilliano:
If Custom alone can generate 1tr in six months, why is the govt begging cap in hand for another loan of 2.3tr ?

Rather than ask questions on nairaland like a pedestrian. Take time to understand how government finance is shared amongst the the three tiers of government. For starters read about the consolidated revenue account. Then read about what the loan will be used for.

FarahAideed:
Convert it dollars and you will find it's one of the lowest ever generated ..let's stop deceiving Nigerians

Exactly.
Mofos simply jacked up the dollar rate for which they clear cars,dem wan begin yarn like say dem do wonderful thing

We can't see the impact of the money.

Why are there inconsistency in thier revenue. There was a time they we were told they are making this figure in a quarter that is 4trillion in a year. Why is this now the highest so far

Dangote: No country should be making the kind of money NG customs is making.

How do you celebrate your country increasing tariffs and taxing you, thereby increasing inflation because the increase in prices still falls on the consumers.

Celebrate new channels of income that does not involve suffering the populace further... that's innovation.