Skip to main content

Tin Can Island Port Customs Facilitates N1.03trn Exports In 6 Months.

By. Afolabi Oyekunle.



As part of efforts to balance Nigeria's foreign trade, Nigeria Customs Service (NCS) has facilitated exports worth N1,032,601,044,744.00 at Tin Can Island Port (TCIP).

The Customs Area Controller, TCIP Command, Comptroller Dera Nnadi mni, revealed this during the Command's half year press  held at the secretariat of Maritime Reporter's Association of Nigeria (MARAN).

Tin Can Island Customs Comptroller Dera Nnadi flanked by Maran President Godfrey Bivbere. 

His words: "The total Free On Board (FOB) value of NXP for commercial goods exported through Tin Can Island Ports in the first half of 2024 is N1,032,601,044,744.00 and a total volume of 489,594.50 Metric Tons (MT) as against export value of 1st half 2023 of N182,333,764,943.00 with a total volume of 291,436MT."

"In terms of value, Soyabeans was the highest export commodity worth N 92,059,078,980.00 while self adhesive was the lowest export commodity with a value of N17,560,865.00."

According to the TCIP Customs boss, the high export figures for 2024 is attributable to the high degree of stakeholders engagement, accessibility of the Tin Can Island/ Mile 2 port access roads, improved efficiency from the Command's officials, and other innovations.

Nnadi also noted that Tin Can Island Customs amassed N575bilion revenue in the first six months of 2024, which represents 221.13% increase when compared to 2023 figures. 

"This 2024 half-year revenue represents an increase of N315, 248,670,683.90bn from the sum of N260,256,942,120.69bn revenue generated in the corresponding period in 2023. This aligned with the statutory functions of the Service in the areas of revenue generation, trade facilitation and enforcement/ anti-smuggling activities."

“Customs, being the lead agency at the ports through its enforcement unit has coordinated several 100% physical examination under my supervision in collaboration with critical stakeholders to ensure that the Command is freed of any form of non-compliance to the international trade cycle”

Some of the items seized include three plastic drums concealing several packets of Cannabis Indica, 46 bags containing 2144 packets of Cannabis Indica all weighing 1,072kg imported from Canada. The approximate street value of the illicit substances is N3, 216,000,000.00 valued at N3.216billion.

While noting that the total Duty Paid Value of all the seizures amounted to N8.9billion, Nnadi pointed out that the significance of the seizures isn't the amount but the ability to stop the injection of those illicit drugs, arms and ammunitions into the country. 

Comptroller Nnadi noted that there have been modest gains and developments at TCIP since the launch of the Time Release Study (TRS) at the Command, even though he asserted that the findings will be formally released by the Comptroller General of NCS, Bashir Adewale Adeniyi MFR. 

Nnadi, however, stressed the need for more stakeholders involvement in TRS initiative. He equally co-opted MARAN as one of its strategic partners for TRS, while he encouraged the association to continue playing a strategic role in ensuring the development of the port sector.

Comments

Post a Comment

Popular posts from this blog

Omisande: CPS Pensioners in Lagos State assured of payment of their increase pension benefits as their Federal counterparts.

 By Afolabi Oyekunle. Pensioners under the Contributory Pension Scheme(CPS) in Lagos State have been urged to be patient concerning their much awaited  increases, as there are assurance that all what they are entitled to will be paid earlier next year. This assurance is coming from the Chairman, Nigeria Union of Pensioners, Contributory Pension Scheme, NUPCPS, Lagos State Council, Comrade Michael Omisande. Comrade Omisande who spoke to ForumNews at the sideline of the end of year get together of Agege Zone Pensioners said what is delaying is the Template which is being awaited  Comrade Omisande said just as the Federal workers who have started receiving their own entitlements, all Pensioners under the scheme in other five states will receive their own as  approved by the Federal government. According to him, the PFA'S have been given till 20th December to pay all Federal Pensioners. He said after the completion of the Payment, PenCom will ther...
Post a Comment
Read more

PenCom urges Lagos State Governor to extend periodic pension increase to retirees under CPS, as Sanwoolu welcomes the idea.

By Afolabi Oyekunle. The National Pension Commission (PenCom)  has called on  the Lagos State Governor, Babajide Sanwo-Olu, to extend periodic pension increases currently enjoyed by Defined Benefit Scheme (DBS) retirees to those under the Contributory Pension Scheme (CPS) to boost their monthly pensions.  The Director General of PenCom, Ms. Omolola Oloworaran, made the request during a courtesy visit to Governor Sanwo-Olu at the Lagos State Government House on 7 May 2025. The visit was to present the report of PenCom’s 2024 routine inspection of the Lagos State Pension Commission (LASPEC) and to thank the Governor for confirming his participation as Special Guest at the Pension Industry Leadership Retreat starting 8 May 2025. PenCom DG pointed out that currently, only DBS retirees are paid pension increases in Lagos State, leaving out their counterparts under the CPS.   DG PenCom Ms Oloworaran with Gov Sanwoolu who presented her with Lagos State plaq...
Post a Comment
Read more

PENCOM pledges to see that Lagos State pays CPS retirees.

By Afolabi Oyekunle. Director General of National Pension Commission, Ms Omolola Oloworaran has pledged that the Commission will fast track and work towards Lagos State government paying retirees under the Contributory Pension Scheme what is due to them like their federal counterparts. She made the pledge at a media workshop in Lagos for journalists. The Director General was surprised when she was asked why the Template for the payment was not released to Lagos State government for the payment of backlog of areas and allowances as approved by the Federal government, which Federal retirees are currently enjoying.         PenCom DG, Omolola Oloworaran  She thereby directed her staff to work on the Lagos State matter to settle the matter towards making the Lagos State government have all the necessary information needed to pay the retirees. The PenCom Director General noted that Lagos State government was one of the few states that keyed into the progra...
Post a Comment
Read more