Business
THE Nigeria Customs Service Port Harcourt Area 1 Command says it was in high spirit to announce the generation of ₦106.593, 735,469.91 Billion as revenue collected for the first half of 2024,even as it promised to break new grounds in revenue generation.
This was contained in a press release made available on Thursday 11 July 2024, by the Command’s Public Relations Officer, Superintendent of Customs (SC) Oscar Ivara in Port Harcourt, the Rivers state capital.
The statement noted that the Customs Area Controller of the Command, Comptroller Mustapha Hashim disclosed that this figure showed a remarkable surplus of ₦57.982, 649,584.24 Billion when compared to the first half of 2023 which stood at ₦48,611,085,885.67. even as the statement added that the figure according to Hashim , represented a 119% increase in revenue generation for the months under review
Comptroller Hashim noted that the revenue collected in each month of the first half exceeded the mandated monthly target, which was averaged at ₦15,351,810,843.46 in the first quarter of the year and ₦19,189,763,554.32 in the second quarter respectively.
Emphasizing on the factors deployed to achieve such feat, he said “the efforts put in place by the Command to create an enabling environment for trade had played a major role in the astronomical rise in the revenue profile of the Area” Adding “the revenue collected in the first half of the year, all made over 100% variance with the corresponding period of 2023, particularly in May and June which stood at ₦25,016,776,741.72 and ₦20,541,439,793.02 respectively,thereby changing the revenue landscape when compared to the corresponding period of 2023 which had ₦6,212,770,109.89 and ₦9,549,716,028.678 respectively.
Command was in high spirit as it would eventually surpass the expected annual revenue target of the Command which was set at ₦230,277,162,651.85.
While thanking the Comptroller General of Customs, Bashir Adewale Adeniyi MFR for his continued support for the Area Command, he promised that the Command was confident to break grounds in the Area of revenue generation.
A.I
july 12, 2024 @ 11:05 GMT
Tags: Bashir Adewale Adeniyi
