Tin-Can Command Revenue Target Of N1.130 Trillion Is Set By Customs.

The revenue target for the Tin-can Island Port Command has been set by THE Nigeria Customs Service, NCS, at N1.13 trillion.

Releasing this information yesterday, Comptroller Dera Nnadi, the Customs Area Controller (CAC) of Tin-can Island Port command, stated that the target assigned to the command makes up 27% of the overall target.

He said: “In 2023, our revenue target was N801.5 billion out of which we were able to collect N716.5 billion, representing 89 per cent of our target.

“However, in 2024, the Controller General of Customs (CGC) and its management has increased it to N1.13 trillion.

“This translates to monthly target of N94.23 billion, which translates N21.7 billion every week and that means on daily basis officers and men of the command, with the support of stakeholders are supposedly to collect N4.23 billion every day.”

According to him, “the Command’s weekly target was N66 billion in 2023, but from June to December, they averaged N76 billion, which meant that the 2024 target was doable.”

The comptroller said: “The Command has declared 2024 as the year of stakeholders. We believe that they are going to reciprocate the kind gesture for us by declaring the appropriate duty and be compliant.

Nnadi added that they would design a plan to ensure that no freight forwarder’s cargo remains in the port for an extended period of time in order to accrue demurrage. Nigeria’s economy is still based primarily on imports.