The Port Terminal Multiservices Limited (PTML) command of the Nigeria Customs Service (NCS) collected N67 billion as total revenue for the first quarter (Q1) of 2024, surpassing the N44.7 billion collected in the same period of 2023. The command is committed to trade facilitation and supporting the government's drive to ensure ease of doing business.
The Port Terminal Multiservices Limited command of the Nigeria Customs Service says it collected N67 billion as total revenue for the first quarter of 2024.the N44.7 billion collected between January and March 2023.
Saidu Abba Yusuf, customs area controller of the PTML, described the increase in revenue collection as a laudable feat.He said the command is committed to trade facilitation and supporting the government’s drive to ensure ease of doing business. “PTML command has potentials to achieve two hour cargo clearance and surpass its existing three hours record if port users compliance level is improved upon,” the area controller said.“For the second quarter and first half of the year, officers are enjoined to maximally deploy available technology and rededicate themselves to the job to achieve more.
The area controller advised importers and their agents to take advantage of the incentives available for compliant traders such as fast-track, advance ruling, and possible migration to the authorised economic operator status.Yusuf also reminded port users of the robust and time-conscious dispute resolution mechanism, which has contributed immensely to the revenue collection, trade facilitation and anti-smuggling functions of the command.
Nigeria Customs Service PTML Revenue Collection Trade Facilitation Ease Of Doing Business
Nigeria Latest News, Nigeria Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Nigeria Customs Service Urges Importers and Vehicle Owners to Regularise Import DutyThe Nigeria Customs Service (NCS) has initiated a 90-day window for importers and vehicle owners to regularise their import duty on specific categories of vehicles. Stakeholders are encouraged to take advantage of this opportunity within the designated timeframe.
Read more »
Nigeria Customs Service Records Significant Increase in Revenue GenerationThe Nigeria Customs Service (NCS) has reported a substantial increase in revenue generation in the first quarter of 2024, providing hope for funding the new administration's lofty campaign promises.
Read more »
Nigeria Customs Service Records 5% Decline in Import DeclarationsThe Nigeria Customs Service reported a 5% decline in the volume of Single Goods Declarations (SGDs) for imports in the first quarter of 2024. The decrease is attributed to fluctuating import duties and the issuance of 28 import rates in the same period. The total number of SGDs processed in Q1 2024 was 311,492, compared to 327,492 in Q1 2023 and 403,233 in 2022.
Read more »
Nigeria Customs Service generates N1.3trn in first quarter 2024 says C-GThe Nation Newspaper Nigeria Customs Service generates N1.3trn in first quarter 2024 says C-G
Read more »
Nigeria Customs Service Generates 1.3 Trillion Naira in Q1 2024The Nigeria Customs Service has generated 1.3 trillion naira in revenue during the first quarter of 2024, with over 572 seizures made. This represents a substantial increase compared to the same period last year. The Customs Service also generated 1.6 billion naira through its electronic auction platform.
Read more »
Border security reforms: Time for drastic measures, By Umar YakubuThe solution to border security is the creation a Nigeria Border Force by merging Nigeria Customs Service and Nigeria Immigration Service.
Read more »