Tin-Can Island Port officials celebrated a milestone as they announced ₦1.046 trillion in revenue, despite a drop in imports.
Area Controller, Dera Nnadi attributed this record to new reforms in the Nigeria Customs Service, including upgraded technology and trade programs focused on boosting efficiency and compliance.
At Tin-Can Island Port, the Nigeria Customs Service (NCS) celebrated a historic achievement, collecting ₦1.046 trillion in revenue from January to early November, despite a significant decline in import volumes.
Area Controller, Dera Nnadi shared the news with pride.
“This is the first time we’ve surpassed the ₦1 trillion mark in Customs duty collections,” he said.
While imports had decreased, Nnadi attributed the record revenue to recent innovations, such as the Authorised Economic Operator (AEO) Programme, Advance Ruling, and the Time Release Study.
These initiatives had streamlined operations and improved compliance.
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Moreover, the devaluation of the Naira played a role in raising the value of Customs duties on imports.
“Compared to last year, we have seen a reduction from 9,000 containers cleared to around 5,000, yet we have collected more revenue,” he explained, highlighting the increased efficiency of the Service.
In addition, the NCS had taken steps to address longstanding gaps in the system.
The recent introduction of the B’ Odogwu platform, set to replace the older NICIS II system, was designed to improve transparency and efficiency.
“Nigerians are beginning to understand the importance of compliance,” Nnadi noted.
In conclusion, this milestone at Tin-Can Island Port was not just a financial achievement but also a reflection of the NCS’s ongoing transformation, driven by innovation, dedication, and a commitment to a more efficient and compliant trade environment.
