Customs raise half year revenue by 28.8%: Official

The Nigeria Customs Service (NCS), says it has generated N1.293 trillion in the first six months (from January to June) of 2022 into the Federation Account.

This amount surpassed the service’s achievements for 2021 by N48 billion accounting for 28.8 per cent.

Customs spokesman Timi Bomodi said this at a news conference on Friday in Abuja.

He said the amount was an increase compared to N1.004 trillion generated for the corresponding period in 2021.

He said the revenue generation was remarkable, given the fact that only 116, 691 Pre-Arrival Assessment Reports (PAARs) were issued against 129, 667 processed within the same period of 2021.

“The revenue target given to the Nigeria Customs Service for the year 2022 is N3.019 trillion, exceeding the target for 2021 by 80.78 per cent,” Mr Bomodi noted.

“As it has become customary, the service remains focused and steadfast in its commitment to meeting the challenges of the moment.”