Customs Generates N1.293tn in First Half of 2022

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Customs Generates N1.293tn in First Half of 2022

The Nigeria Customs Service (NCS) says it generated and remitted N1.293 trillion in the first six months of 2022 into the Federation Account.

The NCS Public Relations Officer, Deputy Comptroller Timi Bomodi, confirmed this at a news conference in Abuja.

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Bomodi said the amount was an increase compared to the sum of N1.004 trillion the Service generated in the corresponding period of 2021.

He described the revenue generation result as “remarkable”, given the fact that only 116,691 Pre-Arrival Assessment Reports (PAARs) were issued, against the 129,667 figure processed within the same period of 2021.

While giving a breakdown of the amount generated within the period under review, the PRO said it was generated from excise, free trade zones and industrial incentives, and anti-smuggling, among others.

He explained that excise duty was tax levied on the manufacture, sale and consumption of goods under excise control, and collected through 22 commands of the Service.

He added that a total of N68 billion was collected from manufacturers of alcoholic beverages, cigarettes and tobacco, among other products.

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