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Tin Can Island Revenue Drops By N3bn

Tin Can Island Port
Posted: May 13, 2016 at 4:07 pm   /   by   /   comments (0)

Revenue of the Tin Can Island Command of the Nigeria Customs Ser­vice (NCS) again nose- dived in its monthly collection from N17billion it collected in March 2016 to N14billion for April 2016.

In a statement, Public Rela­tions Officer of the command, Mr. Chris Osunkwo noted that there has been a steady drop in the command’s revenue as a re­sult of unfriendly government policies which has made im­porters to desert the command.

The breakdown of the com­mands’ revenue perfor­mance for 2016, indicated that N24, 858,625,588.00 was collect­ed in January, N16, 856, 458, 800. 00 was collected in Feb­ruary, in the month of March N17, 215, 979, 575.00 and in April N14, 342, 974, 003. 00.

However, the cumulative figure according to the state­ment, is lower than the record­ed N221.6 billion revenues of the command in the first quar­ter of 2015.

Analysts have expressed wor­ry to whether NCS can meet its ambitious N1 trillion target for 2016 fiscal year.

Despite the misgivings, Comptroller General of Cus­toms, Hammed Ali, had in January identified blocking of leakages, adoption of workable strategies to improve the ser­vice activities at the country’s borders as well as transparency and compliance with the rule of law among men and officials of the Service as key to meeting the 2016 revenue targets.