Tin-Can Island Customs generates N20.9b in January

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The Tin-can Island Command of the Nigerian Customs Service (NCS) on Tuesday recorded N20.9 billion revenue in January, down from the N21.5 billion recorded in the corresponding period in 2014.

The Public Relations Officer of the command, Mr Chris Osunkwo, stated this in an interview with the News Agency of Nigeria (NAN) in Lagos.

Osunkwo said importers’ preparation for the forthcoming elections was one of the reasons for the shortfall in revenue.

“In 2014, we made N21.5 billion, whereas in January 2015, we made N20.9 billion. That was a slight difference which I said was attributable to a lot of factors.

“Apart from the forces of demand and supply, preparations for the elections took off the shine from trade and import business.

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“All efforts and attention are directed toward elections. We hope to do better in the coming month, “Osunkwo told NAN.

He said that a total of N12.6 billion was generated from Import Duty, while N6.1 million was generated from excise duty.

Osunkwo explained that N36 million was generated from Negotiable Duty Credit Certificate (NDCC); N1.1million was raised from wheat flour while N519 million came from importation of wheat grain.

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