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    LASTMA Introduces Drone Technology to Improve Traffic Management in Lagos

    LASTMA Introduces Drone Technology to Improve Traffic Management in Lagos

    NjiaPay: South African Fintech Startup Reshaping Payment Solutions for African Businesses

    NjiaPay: South African Fintech Startup Reshaping Payment Solutions for African Businesses

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Nigerian Customs Generate N1.5trn, Exceeds Revenue Target By 13.2% Despite Border Closure

by Eucharia Egwuma
January 7, 2021
in Business
Reading Time: 2 mins read
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Customs Seizes Imported Rice, Textiles Worth N895m In Lagos
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Despite a full year shutdown of Nigeria’s land borders, the Nigeria Customs Service (NCS) surpassed its revenue target by 13.2 percent in 2020, exceeding the 2019 performance by 16.4 percent.

The Service generated a sum of N1.56 trillion Naira, a significant increase from the 2019 figure of N1.34 trillion.

Recall that Nigeria shut all its land borders since August 2019, thereby freezing revenue that could have accrued from imports through the borders.

Following the criticism that greeted the closure of the borders, the NCS had however, argued that its revenue would be boosted with the border closures.

However, many stakeholders believed the problem was more of leakages and corruption which denied the Customs the revenue accruable from duties payable on land border imports.

A statement by the Public Relations Officer, Deputy-Controller Joseph Attah, in Abuja, yesterday, noted that the performance, was coming against the adverse impact of the Coronavirus (COVID-19) pandemic on the economy during the period under review.

He said that the partial border closure which has forced cargoes that could have been smuggled through the porous borders to come through the sea and airports also significantly contributed to raising revenue collection from ports.

He stated: “Before the commencement of the border drill on 20th August 2019, revenue generation was between N4 billion to N5 billion but now NCS generate between N5 billion to N9 billion daily.

“Diplomatic engagements that took place during the partial land border closure yielded many positive results, including commitment to comply with the ECOWAS Protocol on Transit. Operationalization of joint border patrols at both sides of the border.

“The teams are required to share intelligence and ensure prevention of transit of prohibited goods into the neighbor’s territory,” he added.

Atta said that the NCS would strictly implement the outcome of the diplomatic engagements as the land borders open for movement of cargoes.

He added that intelligence gathered during the period and the introduction of the e-Customs whose components include installation of scanners at all entry points would enhance border security and boost national trade facilitation.

He disclosed that seizures of 4,304 assorted items with a duty paid value of N28.287billion were recorded within the period under review.

According to him, “These seizures include arms, ammunitions, illicit drugs, used clothing, vegetable oil, frozen poultry and foreign rice among others that have grave consequences on economy security and wellbeing of Nigerians.”

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