Customs Export Rose by 199% in the Second Quarter – Lilypond Command
The Nigeria Customs Service (NCS), Lilypond Export Command, on Tuesday, said that its Nigeria Export Supervision Scheme (NESS) increased by 199 per cent increase in the second quarter of 2024.
The Comptroller of Customs CAC, Lilypond Export Command, Mr Ajibola Odusanya, made this known during a news conference in Lagos. Odusanya said that NESS payments were a significant rise in 2024 when compared to the same period in 2023.
He said that the command recorded N1.2 billion in revenue in 2024 compared to N478.7 million recorded in the same period of 2023.
He said that, in line with the fiscal policy directive of the FGN, N29.6 million was generated as a surcharge on the export of previously imported goods and other machinery as approved by the Federal Ministry of Finance in 2024, while N535 thousand was generated in 2023.
“As we all know, the year 2024 is facing numerous challenges, and Nigeria is not exempted. Important sectors of the economy are adversely affected due to the unstable exchange rate.
“The Lilypond Export Command is thrilled to announce its sustained performance in the second quarter of 2024. Through concerted efforts and strategic measures, the Command has facilitated the export of various commodities, showcasing a remarkable surge in trade activity,” he said.
He said that the command recorded a significant export of diverse commodities, including agricultural produce, manufactured goods, solid and extractive minerals, among others.
“A total of 2,488 20ft and 40ft containers were stuffed with agricultural produce, generating earnings amounting to $135.4 million. Notably, the Nigeria Export Supervision Scheme (NESS) received a payment of N913.7 million underscoring the robust contribution of agricultural exports to the national economy.
“With 267 containers dispatched, manufactured goods contributed significantly to export revenue, totaling $9.5 million dollars,” he said. He added that the NESS payment to the Federal Government of Nigeria amounted to N57.23 million, reflecting the sector’s resilience and competitiveness in the global market.
“The export of solid and extractive minerals witnessed a notable upsurge, with 623 20ft and 40ft containers dispatched, valued at $34.3 million dollars. The NESS payment of N232.7 million, highlights the growing potential of Nigeria’s mineral resources on the international stage.
“Additionally, various goods such as plants & machinery, and personal effects were exported in 162 20ft and 40ft containers, contributing $5.5 million to export revenue,” he said. Odusanya added that a NESS payment of N24.0 million was made, emphasising the diversified nature of Nigeria’s export portfolio.
He commended the Comptroller-General of customs, Bashir Adeniyi, and his management team for harmonising with the Nigerian Ports Authority for collapsing all the export seats in Zone “A” to Lilypond Export Command.
Odusanya appreciated all the stakeholders and sister agency for contributing to the increase in export adding that they remain committed to ensuring seamless trade facilitation. Reps Want Samoa Agreement Suspended
