CUSTOMS CGC ONE YEAR IN OFFICE: Customs Revenue Rise By 74% Making A Total Of N4.49tn In One Year – CGC Adeniyi.
By Helen Udoh,Outlook Media ABUJA.
The Comptroller-General of Nigeria Customs Service, Adewale Adeniyi, has
Said Customs revenue Rise by 74% making a total of N4.49tn in the last one year.
The Service’s revenue increased significantly to N4.49 trillion, compared to the N2.5 trillion recorded in the same period last one year
CGC Adeniyi revealed this to Newsmen at a press conference on Wednesday in Abuja to mark his one-year in office.
On June 2023 ,President Bola Tinubu Federal Republic of Nigeria installed CGC Adeniyi as Comptroller-General of the Customs Service.
CGC Adeniyi ,customs boss stressed that the Service’s revenue increased significantly to N4.49 trillion, compared to the N2.5 trillion recorded in the same period last one year.
“Exactly one year ago today, and approximately three weeks into the inauguration of President Bola Tinubu, I was appointed by Mr President as the Comptroller-General of this strategic agency, the NCS,” customs boss noticed.
Adeniyi said, “The NCS reported a remarkable 74 per cent growth in revenue collection over the past year, recording a total revenue collection of N 4.49tn between June 2023 and May 2024, compared to the N2.58tn collected during the corresponding period of the previous year.”
He said that the Service is committed to safeguarding Nigeria’s national security, and would continue its efforts to stamp out smugglers and economic saboteurs.
Adeniyi said the initiatives include the N15bn recovery by the Revenue Review Performance Recovery Exercise; N2.79bn recovered from the 90-day window for the regularisation of the documents of uncustomed vehicles and the N1.5bn recovered from the decongestion of 1,705 overtime containers and 981 vehicles from the port.
“It is also worthy to note that on June 13, 2024, NCS recorded a daily all-time-high of N58.5bn in revenue collection,” Adeniyi stated. significant achievements were made, such as the decongestion of ports and the reopening of previously inaccessible access roads.
“Similarly, the designation of a dedicated terminal for exports has yielded significant gains, facilitating the processing of export goods through the Lilypond command.he said
.
“Initially handling 317 Single Goods Declarations in transactions, the terminal now manages 7,464 SGDs, accounting for 19.49 per cent of the total 38,294 export transactions recorded in 2023.he said.
“By the first quarter of 2024, the service has processed a total of 10,786 transactions, with 3,162 (29.32 per cent) of these processed through the dedicated export terminal,” Adeniyi stated.
On the protection of society, CGC Adeniyi the agency’s anti-smuggling efforts in the past year were intensified, resulting in significant interceptions, high-value seizures, and numerous arrests.
“Notably, the service recorded 63 seizures related to animal and wildlife products valued at ₦566m. Additionally, seven seizures of arms and ammunition were made through our ports and borders. In terms of illicit drugs, a combined total of 127 cases involving narcotics and pharmaceutical products were seized, valued at over ₦6bn.he said.
The service also recorded 724 seizures of 2.93 million litres of Premium Motor Spirit (petrol) that were attempted to be smuggled out of the country. The illegal dealings in petroleum evacuation have garnered the interest of relevant stakeholders, and the ongoing Operation Whirlwind will continue to intercept and disrupt the activities of smugglers in this regard.
“In a bid to guarantee food security and suppress the smuggling of food in and out of the country, the service recorded 1,744 cases of rice and grain seizures valued at ₦4.4bn. These concerted efforts underscore the NCS’s commitment to protecting society and ensuring national security,” Adeniyi stated.
“With the support of the Minister of Finance, NCS is working in close collaboration with the Central Bank of Nigeria to achieve a stable rate for import of goods to enable businesses to plan their activities.,he said.
“On compliance with customs laws, the service is constantly reviewing its processes in line with the Nigeria Customs Service Act 2024 to ensure that leakages are blocked and offenders of customs laws are made to face the full penalty and the wrath of the law.
“The Service is working closely with stakeholders to ensure the smooth implementation of the African Continental Free Trade Area, AFCFTA, he said.