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Nigeria Customs targets N2 trln revenue in 2021

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The Nigeria Customs Services (NCS) said it target a total revenue generation of N2 trillion this year and expects about N1.6 trillion of this amount to be made from the South-West geopolitical zone.

A report by the NCS, showed that the service generates about 80 percent of its annual revenue from Lagos, Ogun, Ondo and Oyo states.

“The data further shows that of the N2 trillion revenue the NCS expects to realise this year, N1.61 teillion is expected to be generated in the South-West, N264.2 billion from the South-South, and N36.53 billion from the South-East.

“The NCS also expects to generate N35.35 billion in the North-West, N20.21 billion in North-Central, and N662 million from the North-East.”

“Lagos alone accounts for 75.975 percent while Ogun, Ondo and Oyo contribute 1.249 percent, 0.004 percent and 3.142 percent respectively. Also, the South-West alone hosts 14 of the 36 Customs Area Commands in the country.

“The Area Commands and the chunk of revenue they generate into Customs coffers annually are Apapa (30.359 percent), PTML (11.911 percent), Tin Can (25.367 percent), Tin Can II (1.143 percent), Kirikiri Lighter Terminal (1.502 percent) and Lagos Industrial (1.065 percent).

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“Others are Murtala Muhammed Cargo (4.211 per cent), Murtala Muhammed International (0.04 percent), Seme (0.377 percent), Ogun I (0.007 percent), Ogun II (1.242 percent), Ondo (0.004 percent), Oyo (3.142 percent) and the Federal Operations Unit (FOU) Zone A (0.11 percent).”

According to the report, the Customs Area Commands in the South-South geopolitical zone generate the second highest revenue for the NCS.

The five Area Commands spread across the six states in the region collectively generate 14.854 per cent of the NCS revenue.

Cross River/Akwa Ibom (0.816 percent), Delta/Edo (1.643 percent), Oil & Gas (1.225 percent), Port Harcourt I (4.16 percent) and Port Harcourt II Onne (7.01 percent).

The report stated, “The NCS generates its least revenue from the North-East geopolitical zone, consisting of Adamawa, Bauchi, Borno, Gombe, Taraba and Yobe states. Collectively, the zone accounts for a paltry 0.033 per cent of the revenue of Nigeria Customs Service.

“The Customs Area Commands in the region are Adamawa, which collects 0.011 per cent of the NCS annual revenue, Bauchi/Gombe (0 percent), Borno/Yobe (0.011 percent) and FOU Zone D (0.011 percent).”

According to the report, the North-Central zone generates 1.014 percent in Customs revenue; North-West 1.788 percent; and South-East 1.83 percent.

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