Customs PTML Command Generates N146B Surpassing 2020 Figure

PTML Customs Command Generates N138bn Revenue In Nine Months - NewsBusiness

Hyacinth Chinweuba

Ports Terminal Multiservices Limited (PTML) Command of Nigeria Customs Service has raised a total of N146,016,858,662 from January to August 2021.

This is an increase of  N25,389,278,620 above the N120,627,580,042 which was collected within same period of last year which translates to  21 percent increase.

Aside the first two months of the year when importation activities were low, the Customs Area Controller(CAC), Comptroller Festus Okun has consistently achieved monthly revenue increase from March to August.

Comptroller Okun through dedicated activities has always improved revenue collection strategies by blocking possible areas of leakages, collection of identified shortfalls through demand notices and facilitating trade without compromising national security and interest .

The CAC has recently reiterated that 6 hours clearance of imported vehicle is still working for compliant importers and agents while urging people who smuggle vehicles through land borders to desist from it and take advantage of the trade facilitation benefits put in place in PTML.

According to information released by Muhammad Yakubu, Customs PRO, PTML Command, Lagos in the months of January and February 2021, the Command collected N15.2b and N11.7b respectively. It started surpassing monthly revenue collections from March 2021 above that of 2020 to August.

In March 2021, a total of N19,937,869,175 was collected which is 27.4 per cent above N15,646,193,726 collected same period of 2020. In April 2021,N17,938,794,417 was collected with a difference of 59.5 percent above the N11,241,400,911 of same period last year.

For May, 2021 recorded a 28 per cent increase with N17,606,073,741 as against N13,661,428,914 collected same month of 2020.

For June July and August 2021, the Command collected N22,253,694,223 ; N19,532,512,815 and N21,835,143,596 while in 2020 it collected N17,512,236,904; N14,661,692,533 and N18,147,171,910 with  27 percent , 33 per cent and 20 per cent increases in 2021 collections for the three months respectively

The Area Controller reassured of effective trade facilitation while urging importers and their agents to be compliant by obeying extant import and export guidelines, making sincere declarations, paying accurate duty and avoiding all forms of port related contravention

He also advised them to keep abreast with government import and export prohibition list to avoid doing business in violation of that law as ignorance will not be taken as excuse for infractions

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