Customs collects N185bn in first quarter of 2012
On May 10, 2012 · In Business
THE Nigeria Customs Service (NCS) has collected a total of N185 billion from its 30 area commands across the country for the first quarter of 2012, an indication that its N1 trillion revenue target for the year may not be realisable.
Although, the collection for the first quarter of this surpassed the same period of last year, there are factors that are currently militating against the realisation of the over N1trillion target.
Statistical figure made available to Vanguard showed that the premier Commands in Apapa area one collected the highest revenue of N27billion for the first quarter which was closely followed by Tin-Can Island Customs Command with a collection of N22billion.
For Port Harcourt area one and the PTML commands, N10billion and N7.5billion was collected respectively for the period under review, while the KLT command in Lagos collected N5billion as first quarter revenue collection.
N359million, N10million and N40million were collected by the Abia, Adamawa and Borno\Yobe commands respectively for the same of 2012, as against Bauchi command’s collection of N10million.
Although, no revenue collection was recorded for the Federal operation Units (FOUs) for the first quarter of 2012 but the commands in Cross River, Edo\Delta, Enugu\Anambra and Kano\Jigawa collected N1.5billion, N4.6billion, N2billion and N350million respectively.
For Katsina\Kaduna command, the sum of N800million was realised as revenue collected for the fir first quarter of the year while N1billion was collected by the FCT Abuja command.
The Lagos Industrial area and the Lilypond commands both raked in a total of N3.5billion and N5billopn while MMIA an the Niger\Kogi commands collected the sums of N4.5billion and N30million respectively.
A further breakdown of the figure showed that the Ogun, Ondo and Oyo\Osun commands collected a total of N800million, N25million and N3.5billion as revenue for period under review.
For the Port Harcourt area one, Plateau and Seme commands N4billion, N16.3million and N700million was realised as revenue collected for the first quarter of 2012.