The year 2020 in retrospect for the Nigeria Customs Service, NCS has been that of raising the bar in terms of revenue generation despite the stringent government policies put in place to tackle the Covid-19 Pandemic outbreak.
The NCS was recently in the news again to declare that one of its command, the Port Terminal Multiservices Limited (PTML) generated a total sum of ₦189.35 billion as revenue for the 2020 fiscal year.
Taking an inventory of the agency’s approach to the declared result, it was discovered that the Command handled a total of 151,938 metric tonnes of export cargoes with a Free on Board value of ₦117.34 billion during the year under review.
As deduced by Taxmobile.Online from a recent statement by Customs Area Controller of the command, Festus Okun, the collected figure is ₦30.01 billion higher than ₦159.34 billion that was collected in 2019, which represents a 19 percent increase.
Covid-19 and #EndSars Impact
Despite the progress made by the command during the year under review, it was nevertheless affected in a negative light by the Covid-19 pandemic and indeed the #EndSars protest that hampered business activities and inhibited free movement.
Okun also revealed that 80 percent of cargoes processed at the PTML port were vehicles while other cargo types accounted for twenty percent.
“For us as a command, 2020 was a successful year considering our accomplishments in the discharge of our service core mandates of revenue generation, facilitation of legitimate trade, anti-smuggling activities, and national security.
“This was despite the challenges faced during the year due to the outbreak of Covid-19 pandemic and the worldwide economic meltdown”
“During the year under review, the command made its first seizure in about six years. The seizure comprised six by 20ft. containers of Idole lightening soap and lotion with duty paid value of N287.01 million.’’
Recall that Wednesday 6th of January 2021, The Nigeria Customs Service, exceeded its yearly target as it disclosed that in the year 2020, it internally generated ₦1.562 trillion as against the target of ₦1.381tr recording an increase of ₦181 billion from earlier projections.
In the disclosure by the Public Relations Officer, Deputy Comptroller Joseph Attah, the last year’s revenue generation is higher by ₦22bn than the ₦1.342bn the Service generated in 2019, despite the COVID-19 pandemic.
NCS also disclosed that within the next six months, there will be seven functional scanners for the screening of goods at the country’s entry points while it targets 135 modern scanners in all for the deployment of the e-Customs scheme.
Explaining further, Customs said among the seven scanners, the Federal Ministry of Finance has purchased three while the Central Bank of Nigeria (CBN) has committed to purchasing four scanners and to establish the control centre for monitoring all scanning sites.
The continuous declaration of profit by the NCS is a clear indication that the government is blocking revenue loopholes to increase its revenue base and keep the government running. The NCS has over time, proven to be at the forefront of this government’s agenda to shore-up revenue capacity.