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Customs rakes in N602bn, surpasses 2011 target

By Ifeyinwa Obi
LAGOS— With two months to the end of the year, Nigeria Customs Service said it had generated N602 billion as at October and was set to surpass the 2011 revenue collection target set for the service by Federal Government.

Comptroller-General of Customs, Alhaji Dikko Abdullahi, disclosed this in Abuja at the monthly Revenue Strategy meeting held with Customs Management and Area Comptrollers.

Abdullahi in a statement by Customs spokesman, Mr Wale Adeniyi, said, “As at the end of October 2011, the service had generated N602 bn into the Federation Account.”

 

By the end of the year, we hope to have generated bonus revenue of over N100 billion into government coffers.”

The revenue target for the year 2011 as set by the Federal Government of Nigeria is N596 billion.

Before 2011, average monthly collection by the service was N30 billion. Abdullhi said, “this has progressively increased to a monthly average of N50 billion in the first quarter of 2011. Towards the end of the 2nd quarter, the service recorded an all-time high of N61.5 billion in July 2011, surpassed by the collection of August 2011, which stood at N76.2 billion.”

He attributed the feat to the stringent measures put in place to closely monitor revenue performance and block leakages.

These measures, he said include the creation of a system-audit unit at its headquarters to monitor duty payments in ports, the automation of the entire Customs Clearance Procedure, which allows for faster and smoother clearance and improved quality of Customs workforce, which is now better trained and motivated.

 

 


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