Customs loses N11bn revenue in Apapa over low importation


The Apapa Area Command of Nigeria Customs Service (NCS) said it collected the sum of N77.4 billion as revenue in the first quarter of 2017. This amount represents a shortfall of N11.1 billion against its quarterly revenue target of N88.5 billion. 

A statement issued by the command’s Public Relations Officer, Nkiruka Nwala however said that the revenue collected within the period surpassed the revenue collected in the corresponding period of 2016. 

In the first quarter of 2016, the command generated the sum of N61.7billion.

A breakdown of the revenue generated by the command within the first quarter of 2017 showed that in January, N25.9billion was collected; in February, N24.7billion and March N26.7billion.

Nwala said the command could not meet its target due to the general economic downturn which has stifled importation. 


Copyright 2017 Ships & Ports Ltd. Permission to use quotations from this article is granted subject to appropriate credit given to as the source.