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Nigeria customs to generate N2 trillon annual revenue

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Factual Pursuit of Truth for Progress

Grace Cofie

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The Nigeria Customs Service has planned to generate N2 trillon this year. About N1.6 trillion of this amount is expected to come from the South-West geopolitical zone.

According to a report, the NCS generates about 80% of its annual revenue from Lagos, Ogun, Ondo and Oyo states.

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Data obtained by SHIPS and Ports from Customs showed that, the four South-West states, account for 80.48% of the NCS revenue.

The data further shows that, of the N2 trillion revenue that the NCS expects to realize, N1.61 trillion is expected to be generated in the South-West, N264.2 billion from the South-South, and N36.53 billion from the South-East.

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The agency also expects to generate N35.35 billion in the North-West, N20.21 billion in North-Central, and N662 million from the North-East.

The report added that Lagos accounts for 75.975% while Ogun accounts for 1.249%, Ondo and Oyo contributes 0.004% and 3.142% respectively.

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The South-West holds 14 out of the 36 Customs Area Commands in the country. These areas and the revenue they generate annually are: Apapa (30.359%), PTML (11.911%), TinCan (25.367%), TinCan II (1.143%), Kirikiri Lighter Terminal (1.502%) and Lagos Industrial (1.065%).

Others are Murtala Muhammed Cargo (4.211%), Murtala Muhammed International (0.04%), Seme (0.377%), Ogun 1 (0.007%), Ogun II (1.242%), Ondo (0.004%), Oyo (3.142%) and the Federal Operations Unit (FOU) Zone A (0.11%).

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According to the report, the Customs Area Commands in the South-South geopolitical zone generates the second highest revenue for the NCS.

The Area Commands in the region generates a total of 14.854% of the NCS revenue.

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The Area Commands in the six states include CrossRiver/Akwa Ibom (0.816%), Delta/Edo (1.643%), Oil and Gas (1.225%), Port Harcout 1 (4.16%), Port Harcourt II Onne (7.01%).

The report stated that “the NCS generates its least revenue from the North-East geopolitical zone consisting of Adamawa, Bauchi, Borno, Gombe, Tamara and Yobe states. Collectively, the zone accounts for a total of 0.033% of the revenue of Nigeria Customs Service.

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“The Customs Area Commands in the region are Adamawa, which collects 0.011%, Bauchi/Gombe (0%), Borno/Yobe (0.011%) and FOU Zone D (0.011%).”

North-Central, North-West and South-East geopolitical zones generate 1.014%, 1.788%, and 1.83% respectively.

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