Business
Tin-Can Customs Rakes In N274.3bn In Six Months …Exports N100.4bn Goods

Tin-Can Island Command of the Nigeria Customs Service (NCS) said it generated N274.3 billion in revenue between January 1 and June 31, 2022.
The Command’s Area Controller, Comptroller Olakunle Oloyede, gave the figures while briefing newsmen in Lagos,
According to him,”the Command, during the period under review, also recorded a 73 per cent increase in the volume of export through the area compared to the same period last year.
“This is a 27.50 per cent increase from last year’s collection of N229.3 billion within the period under review”, he said.
Speaking further, the Customs boss noted that 73 per cent in export amounts to 138, 246.50 metric tons compared to 100,500 metric tons recorded in 2021.
Oloyede put the Free On Board (FOB), value of the export in the first half of the year at N100.4 billion, representing an increase of 60 per cent compared to N66.3 billion recorded in the fiscal year 2021.
According to him, “Tin-can Island Command has so far experienced an increase in export activities in the first half of the fiscal year 2022.
“The Command recorded an outward throughput in export cargo of 138,246.50 metric tons, representing an increase by 73 per cent from 100,500 metric tons recorded in 2021, with an F.O.B value of N100.4 billion.
“This also represents an increase of 60% from N66.3 billion recorded in the fiscal year 2021
“We remain undaunted and cannot be deterred in performing our statutory responsibility, no matter the challenges, and are hopeful that in this 2022 fiscal year, the Command will post more and better revenue as the country’s economy swims out of this present situation”, Oloyede said.
The customs boss also commended the management of the Nigeria Ports Authority (NPA) for creating a seamless collaboration that facilitated the clearance of export cargo at the Tincan Port Command, adding that the Command also made some seizures and detentions with duty paid value of over N1.3 billion.
According to him, the break down of the seizures include: 145kg of Colorado Indian Hemp concealed in two units of Ridgeline trucks, and two units of Toyota Corolla vehicles; 206,000 pieces of machetes; 640 bales of used clothes; 236,500 pieces of used shoes; and 1,670,400 pieces of chloroquine injections.
Others are: 1,814,400 pieces of Novalgen injections; 48,850 rolls of cigarettes; 23,800 tins of sodium bromate and baking powder, in addition to 3,303 pieces of motor batteries found in three containers that were falsely declared.
By: Nkpemenyie Mcdominic, Lagos
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