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1/18/2018

PORT AND TERMINAL RAKES IN N98BN REVENUE

PORT AND TERMINAL RAKES IN N98BN REVENUE
The Port Terminal Multi-service Limited (PTML) Customs Command of the Nigeria Customs
Service, (NCS), in Apapa,Lagos has posted a ground-breaking revenue of N98. 825 billion for 2017, recording an increase of 57.4 percent of N62.803billion generated revenue in 2016.

A statement by PTLM public relation officer, Mr. Mohammed Yakubu, the Customs Area Comptroller, Mrs. Adeyanju Aremu, said the performance was attributed to the  ban on the importation of vehicles through land borders.
Aremu also said that trade compliance traders also made smoothen the operations of the command and urged all stakeholders to follow suit by ensuring compliance to the rules and regulations guiding the cargo clearance at the terminal.
She explained that while the revenue generation has been on a steady increase since May 2017, consignments are now cleared within six hours for vehicles and 24 hours for containers as long as proper documentation is entered.

A breakdown of the command’s monthly revenue target of N6.3 billion was surpassed  as the command collected a total of N6. 785 billion in May 2017, as against N4. 792billion recorded in the corresponding period of 2016.
In June of 2017, a total of N7. 166billion  generated, recording an increase of 40.2 percent of 2016 revenue generation.

For July, August and September the command posting a revenue of N8. 647 billion, N10. 160 billion and N8. 083 billion respectively as against N4. 926 billion, N6. 284 billion  and N5. 712 billion collected within the period under review.
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