Tin Can Customs Revenue Hits N274bn, Boosts Export Trade In First Half Of Year

Tin Can Customs Revenue Hits N274bn, Boosts Export Trade In First Half Of Year
July 24 15:38 2022 Print This Article
Tin Can Customs Area Controller, CAC, Comptroller Adekunle Oloyede, has said the Command generated a total sum of N274.3 billion as against the N229.3 billion it generated in the corresponding period of 2021, representing an increase of 27.5 percent.
He made the disclosure on Friday, in Apapa, Lagos, when he presented the Command’s half-year stewardship to the media.
The Customs boss added that the nation recorded a 73 percent increase in non-oil export in the first half of the year via the instrumentation of the Tin Can Island Port Command, realising N100.45 billion to that effect.
This translates to 138,246.50 metric tons of goods that were shipped out of the country through the corridor between January and June, as against the 100,500(MT) recorded in the corresponding period of 2021.
Comptroller Oloyede explained that the feat showed a 60 percent increase in revenue from export as against the N66.3 billion the Command recorded in the same period of 2021.
Regarding revenue generation, he said: “Between January 1 – June 31, 2022, Tin Can Island Port Command recorded a collection of N274, 320,712,179.22 in revenue. This is a 27.5 percent increase from last year’s collection of N229,321,865,091.16 within the period under review,” he stated.
Duty Paid Value
Oloyede also revealed that a total sum of N1.3 billion was realised as the Duty Paid Value (DPV) of seizures made in the period under review on goods he said contravened Sections 46, 47, and 161 of the Customs and Excise Management Act (CEMA) Cap 45 LFN 2004.
According to him, these included 145 kilograms of Colorado, otherwise known as Indian hemp, concealed in two units of Ridgeline trucks and two units of Toyota Corolla vehicles, and 206,000 pieces of machetes.
Others, he disclosed, were 640 bales of used clothes, 236,500 pieces of used shoes, 62,500 pieces of new ladies’ shoes, 1,670,400 pieces of Chloroquine injections (5mg/5ml), and 1,814,400 pieces of Novalgen injection (500mg/5ml).
Also impounded were 48,850 rolls of cigarettes, 23,800 tins of sodium bromate and baking powder, 3,303 pieces of motor batteries found in three containers falsely declared as three units of Toyota Hiace buses, and four units of Mack truck heads.
The CAC also disclosed that one Toyota Sequoia 2008 model, one used Mercedes Benz GL 350 model, and one Toyota 4Runner were also seized by the command in the reviewed period.
“We handed over one suspect, one arm pistol, two empty magazines, and 300 rounds of live ammunition to the DSS for further action,” the CAC disclosed.
Vin Valuation
On the contentious VIN valuation scheme, he said, “At the command level, we faced challenges at the early stages of deployment due to the degree of understanding of the process most especially on the part of the stakeholders.  Nevertheless, we have been able to overcome them as we put into force Article 2 of the Trade Facilitation Agreement through continuous engagement and consultation with the relevant stakeholders which led to updates and upgrades of the service to address some of these challenges.
“We have also strengthened the risk management structure to mitigate the consistent attempts by some non-compliant agents to abuse the process through acts of commercial fraud as falsification of documents and forgery of signatures.”
Non-Oil Export
On the issue of increased revenue as a result of non-oil export, he commended the Nigerian Ports Authority (NPA) management for its wonderful support to the Command in facilitating the clearance process of export goods in the area.
In his words, “Tin Can Island Command has so far experienced an increase in export activities for the first half of the year 2022. The Command recorded an outward throughput in the cargo of 138,246.50 metric tons representing an increase of 73 percent from 100,500 metric tons recorded in 2021, with a FOB (free on board) value of N100, 447,304,814.00.
“This also represents an increase of 60 percent from N66, 294,630,421.00 recorded in the fiscal year 2021. We commend the management of the Nigerian Ports Authority for their seamless collaboration with the Command in facilitating the clearance of export-related cargo at Tin Can Island Port Command.”


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