Maritime
PTML Customs Posts N66.92bn Revenue In First Quarter 2024
The Port Terminal Multiservices Limited (PTML) Command of the Nigeria Customs Service (NCS) has presented an impressive revenue record collection for the first quarter of 2024.
According to the Command, it collected the sum of N66,920,181,586.30 as total revenue for the quarter of 2024, which is N22,198,965,809.55 higher than N44,721,215,776.75 collected between January and March 2023, representing 49.6 percent increase.
The Customs Area Controller (CAC) of the Command , Compt. Saidu Abba Yusuf, who described the increase in revenue collection as a laudable feat , said the Command is more committed towards trade facilitation and support government drive for ease of doing business.
Comptroller Yusuf, who thanked the Comptroller General of Customs (CGC), Bashir Adewale Adeniyi, for initiating strategies to achieve faster cargo clearance, reiterared that PTML Command under his watch aims to surpass its record of three hour cargo clearance for compliant traders.
According to Yusuf, the launching of time release study (TRS), which is ongoing, and other deliberate efforts by the Comptroller General have contributed in the expansion of terminal space and promoting ease of doing business in PTML.
He also disclosed that the PTML Command has potentials to achieve two hour cargo clearance and surpass its existing three hours record, if port users compliance level is improved upon.
Comptroller Yusuf, who described PTML as one of the safest and most secure environment for RoRo (Roll On Roll Off) and general cargoes, also advised importets and their agents to take advantage of the incentives available for compliant traders such as fast track, advance ruling and possible migration to the Authorised Economic Operator (AEO) status.
He reminded port users in PTML of the robust and time conscious dispute resolution mechanism, which has contributed immensely to the revenue collection, trade facilitation and anti smuggling functions of the Command.
While commending the various government and private sector stakeholders for their cooperation and support towards realisation of government goal of revenue collection and prevention of unlawful activities, Comptroller Yusuf expressed optimism that the Command will surpass its annual target for the year.
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