Thursday, 8 September 2016

Despite Recession, Tin Can Rakes in N26.2 Bn for August

Despite Recession, Tin Can Rakes in N26.2 Bn for August

Nigeria’s harsh maritime climate occasioned by ban on some import items, forex scarcity and the prohibitive exchange rate notwithstanding, the Tin Can Island Port Command of the Nigeria Customs Service (NCS) raked in N26.2 billion last month.

The amount, just like the about N35 billion recorded by its sister-command at the Apapa Ports for the same August, was unprecedented in the history of the command, according to Command Public Relations Officer, DSC Uche Ejesieme.

He cited the Tin Can Island Command Controller, Mr. Yusuf Bashar, as attributing the gains to the measures instituted against sharp practices, which included the re-tooling of the operational and data system, to optimise revenue collection through different methods even as economic recession steps in.

In a statement, Ejesieme added that the measures included the awareness being created by the NCS on trade terms to enhance stakeholders’ compliance with the Federal Government’s fiscal policies, as well as trade facilitation mechanisms.

The revenue generated, he noted, is a positive signal compared to the previous month even as the controller has vowed to carry out “operational reforms and policies that will guarantee maximum revenue collections.”

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