The Nigeria Customs Service (NCS) generated the sum of N1. 562 trillion in the 2020 fiscal year.
According to a press statement issued by the Public Relations Officer, Deputy-Controller Joseph Attah, in Abuja, yesterday, indicated that the amount generated was over the target of N1. 380 trillion set for the organisation by the Federal Government.
He said that the Service revenue generation profile has continued to rise annually, as the on-going reforms in the Service, especially its strategic deployment of officers strictly using the standard operating procedure; strict enforcement of extant guidelines by the Tariff and Trade Department.
Attah, who disclosed that the Federal Ministry of Finance has purchased three new scanners, with the Central Bank of Nigeria (CBN) also expressed its commitment to purchasing four additional scanners and to establish the control centre for monitoring all scanning sites in their bid to boost the national economy, especially agricultural sector.
He also said that seizures of 4,304 assorted items with a duty paid value of N28.287 billion were recorded within the period under review.
According to him, “These seizures include arms, ammunition, illicit drugs, used clothing, vegetable oil, frozen poultry, and foreign rice among others that have grave consequences on economic security and well-being of Nigerians.”
Last year’s revenue was also in excess of the N1.342 trillion it generated in 2019, despite the COVID-19 pandemic’s effects on the economy during the period under review.
