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Nigeria Customs Generates 1.1 Trillion Naira In 2019

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Nigerian Custom Service has announced an increase in its revenue declaring it has generated over one point one trillion naira in 2019 so far.

Confirming the good news the NCS’s public relations office indicated that the revenue was generated from 32 commands.

According to a report from the Department of Research and Statistics, the service recorded the highest revenue of N123.6 billion in the month of July followed by N118.6 billion realized in May.

The data also revealed that the lowest revenue was recorded in the month of February with N86.3 billion. The low in February’s revenue might have been caused by 2019 general elections due to partial closure of borders within those periods of polls.

According to the data, Apapa area command has the highest revenue of N313.5 billion within the period under review.

The statistics also indicated that immediately after the partial closure of borders, the service recorded N115.6 billion in September, with about N6.1 billion more than what was realised in August before borders were closed.

The revenue was generated from import duty, levy, excise duty and other fees.

Source: https://www.naijanews.com/2019/11/11/nigeria-customs-generates-1-1-trillion-naira-in-2019/

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