Customs Changes Strategy, Nets In N30.1b Revenue in August | Independent Newspapers Limited
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Customs Changes Strategy, Nets In N30.1b Revenue in August

Posted: Sep 9, 2015 at 12:00 am   /   by   /   comments (0)

By Andrew  Utulu


The Nigeria Customs Service (NCS), Apapa Area 1 Command raked in the sum of N30.1billion as revenue to the Federal Government coffers in the Month of August, 2015.  It also detained a total of 159 containers of imported goods for various offences from January to date.  The Service collected N30,148,833,911 as revenue for the month of August 2015 surpassing its monthly average of N23b.

A combination of on the spot supervision of customs personnel and consistent interaction with importers and clearing agents is helped the Customs achieve the fete. Daily Independent investigations revealed that the August figure was second highest NCS revenue. In March, the Service had earned N32, 381,285,428.

The Controller of the command Charles Edike said that the 159 containers were detained for various offences during the period under review adding that the owners of 153 of the containers had so far paid the prescribed penalties while six containers were still in custody.

It was gathered that the command issued debit note for the detained containers and made the importers of the detained containers pay the extra amounts for which the notes were issued and thus recovering duties that would have been lost.

According to a correspondence from APMT, operator of the Apapa Container Terminal Port, import volumes measured in TEUs (Twenty-foot Equivalent Unit) a comparative analysis between 2014 and 2015 showed a month by month drop in container volume. In July 2014,the terminal recorded 31,280 TEUs while it processed 25,658 this year.

In June 2014 it recorded 29,764 which is higher than the 24,027 of 2015. For other months it recorded 30,548 for May 2014 and 20,303 for 2015; April 2014 was 30548 while same month of 2015 was 18,695; March 2014 was 27,224 while this year it had 23,768; For February the terminal recorded 30,048 in 2014 while in 2015 it had 22,610 and January 2014 was 28,076 which is higher than 26,562.

In a July 30, 2015 correspondence to customs, APMT  listed factors responsible for the decline in cargo imports into Nigeria through their port.

‘’ As at the end of July import volumes for 2015 vis-a-vis 2014 we note a 29% drop in volumes. The lowest dip was experienced in April and we believe this was as a result of reluctance to import around the elections’’

‘’Our customers tell us that there are various reasons contributing to this continuous drop in volumes. Some of these factors are still as listed in our letter dated May 11, 2015.’’ The company listed  ‘Rising inflation as a result of devaluation of Naira, lower oil price including economic slowdown and of recent, the Central Bank Policies restricting FOREX to 41 import commodities’ APMT described the trend as one that will continue for the rest of the year but unsure if the trend will be repeated in 2015.

‘’The current expectation is that this trend of lower volumes compared to last year will continue for the rest of the year. Traditionally the second half of the year has higher volumes than the first half. It remains to be seen if this trend will be repeated this year’’.