Despite Apapa Gridlock, Nigeria Customs Rakes In N162BN
Bounce News did a report recently analyzing why the Apapa traffic gridlock wouldn’t go away soon.
Part of the findings is that even though the Nigerian economy is worse for it, neither federal and state authorities are losing money.
This revenue earnings report from the Nigeria Customs Service, NCS, justifies the claim that the only losers are the importers.
Despite the gridlock, which had worsened over the last 60 days, the Tincan Island Command generated a total 162.7 billion naira between January and June this year.
So, the command made 32 billion naira more than it did last year, (2017). It only generated 130 billion naira in the first half of 2017.
The man in charge of the port, Comptroller Musa Baba Abdullahi, who disclosed this in a chat with port business owners on Monday, said the Command is intensifying its anti-smuggling operations.
Other reforms are also being introduced to ensure all compliant declarants will be duly compensated.
Public Relations Officer, Uche Ejesieme, quoted Abdullahi as saying that the command is “deploying multi-layered approach in addressing the issues of compliance, which is a panacea to trade facilitation through reward for compliance, and ensuring that compliant declarants are given expeditious attention in line with the presidential directive on the Ease of Doing Business”.
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