2012: Customs generates N850bn

2012: Customs generates N850bn
… Loses over N30bn to waivers

The Nigeria Customs Service (NCS) collected a total of N850, 876,698,974.19 as revenue generated from January to December last year.
The sum is a drop from both the target the Federal Government set for the NCS, and the projected N1.2trillion target the Customs Management set for the Service.
The NCS Deputy Public Relations Officer, Assistant Comptroller Joseph Attah, gave the figure in a chat with SHIPS & PORTS DAILY.

It would be recalled that the revenue target set for the Service by the Federal Government in 2012 was N872billion, but the Customs Management imposed on the Service an additional N328billion, raising the target to N1.2 trillion.
Explaining why the Service failed to realize the self imposed target, Attah said that due to waiver concessions that were granted to some persons and companies over N30billion were lost.

“The government gave us a target of N872billion, and we realised 850billion. We would have hit the target, but for waiver concession that was granted,” Attah said.
He noted that the additional N328billion by Comptroller-General Dikko Inde Abudulahi was a strategy to surpass the target government set for the Service.
SHIPS & PORTS DAILY recalls that the Service in 2011 had exceeded the Federal Government’s target of N596billion when it recorded N741.83billion.

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