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Tin-can Customs underperform by N14b in 5 months

By Godfrey BIVBERE
Tin-can Island Command of the Nigeria Customs Service has fallen short of its revenue collection target of N70 billion in five months by N14 billion.

The command at the beginning of the year was given a target of  N168 billion which translated to about N14 billion monthly revenue collection. At N14 billion monthly collection, it is expected that the Command would have gotten about N70 billion but the figures made available to Vanguard showed that it was only able to collect N56.1 billion in five months.

The figures revealed that the Command got N56.140,133,616.56 from January to May this year. N28,542,928,134.00 of the above amount was collected by the Command as Import Duty for the period under review.

Of the amount, the command collected  in N30,216,937,090.00 into the federation account between January and May this year.

A breakdown of the collected revenue showed that the Command got N10,386,546,620.32, N10,898,082,583.23 and N13,089,240,316.00 in January, February and March respectively while in April and May, the command got a total of N11,265,043,398.00 and N10,521,220,687.00 respectively.

Similarly, the Command collected as Import Duty, N6,005,905,040.00 and N6,390,668,699.00 in January and February while in March, April and May it raked in N7,722,933,330.00, N4,017,853,691.00 and N4,405,567,374.00 respectively.

A breakdown of revenue collected by the Command into the federation account shows N6,306,837,765.00, N6,790,897,927.00, N8,113,339,918.00, N4,312,441,355.00 and N4,693,370,125.00 in January, February, March, April and May.

According to the Customs Area Controller (CAC) of the Command, Austin Warikoru, the Command was given a target of N168 billion for this year which translated to about N14 billion monthly revenue collection.

On whether he would be able to meet the target from the above figures, Warikoru noted that it is possible and that he and his men would work towards this as long as there are cargoes to be cleared from the area under the control of the Command.

The Customs boss charged officers to work hard to justify the increment in remuneration by the Service’s management.


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