Tin-Can Island customs generated N135bn in 3 months

The Tin-Can Island Command of the Nigeria Customs Service, yesterday said it generated N135.443 billion in the first quarter of 2022.

The amount represents a 20.18 per cent increase in the amount generated in the same period in 2021 which stood at N112.695 billion, an improvement of N22.747 bn.

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In terms of export, it said a total tonnage of goods exported through Tin-Can Island Port for the period under review from January to March 2022 is 71,014.4 metric tonnes with a total Free on Board (FOB) value of N56,205 billion.

Briefing newsmen on the revenue profile of the Command, the Customs Area Controller, Tin-Can Island Command, Comptroller, Adekunle Oloyede said in 2021, the command processed 44,502.9 metric tonnes of goods for export between January to March 2021.

Oloyede said the export had a Free On Board (FOB) value of N31.371 billion.

“Comparatively, between January to March 2021 and 2022, the tonnage of goods exported through the command increased from 44,502.9 metric tonnes to 71,014 representing an increase of 62.67 per cent. The FOB Value in Naira of the above mentioned tonnage also’ increased from N31.371 billion to N56.205 billion representing an increase of 55.82 per cent within the period under review,” he added.