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    MarketForces Africa » MarketForces News » Customs Generates N12.8bn in 6 Months

    Customs Generates N12.8bn in 6 Months

    Olu AnisereBy Olu AnisereJuly 5, 2024 News No Comments2 Mins Read
    Customs Generates N12.8bn in 6 Months
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    Customs Generates N12.8bn in 6 Months

    The Nigeria Customs Service (NCS), Ogun 11 Area Command, generated more than N12.8 billion revenue between January and June.

    Mr Olusola Alade, the Area Controller of the command said this at a news conference in Abeokuta on Friday.

    Alade said that the figure represented a significant increase of 51 per cent compared to the amount generated in the corresponding period in 2023.

    According to him, revenue collection improved significantly in the last three months, with more than N3.4 billion collected in April, N2.8 billion in May and N3.6 billion in June.

    The controller attributed the command’s improved revenue generation to the diligence and professionalism of its officers.

    “The attainment of this feat is evidence of the commitment of our officers and men who worked tirelessly to ensure that we met and exceeded the revenue targets given to our command,’’ he said.

    Alade attributed the success to continuous deployment of intelligence and reconnaissance by the monitoring unit, which led to the discovery of some factories that had been brought under excise control.

    He said that the command would continue to put in place necessary measures to improve revenue collection, engage with local and trader communities as well as enforce compliance with government fiscal policies.

    “The command will continue to put in place necessary measures to improve on the collections with adequate support from other units of the service.

    “We shall maintain success through synergy and continued dialogue by engaging and sensitising the local and trader communities while discharging our statutory responsibilities of enforcing compliance with government fiscal policies,” he said. #Customs Generates N12.8bn in 6 Months

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    Olu Anisere
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    Olu Anisere is a financial and economic journalist at MarketForces Africa, specialising in African macroeconomic policy, international finance, energy markets, and continental development.He covers major multilateral institutions, including the International Monetary Fund (IMF), World Bank, and the United Nations Economic Commission for Africa (ECA), providing readers with frontline reporting on policies shaping Africa's economic trajectory.Olu has reported extensively on Nigeria's fiscal and monetary policy landscape, including CBN interest rate decisions, Nigeria's bond market, FX inflows, and the country's engagement with global financial institutions.His coverage spans IMF and World Bank Spring and Annual Meetings, African Ministers of Finance conferences, and high-level economic forums where Africa's development agenda is set.His reporting captures perspectives from Africa's most influential economic voices, including Tony Elumelu, senior IMF officials, and CBN leadership, bringing institutional insight and policy depth to MarketForces Africa's readers.Olu also covers Inside Africa — tracking economic, investment, and development stories from across the continent. Olu Anisere is based in Lagos, Nigeria.

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