Q1:PTML customs rakes N66.9b, surpasses 2023 revenue
The Port Terminal Multiservices Ltd. (PTML) Command of Nigeria Customs Service (NCS) has recorded N66.9 billion revenue in the first quarter of the year.
The Customs Area Controller (CAC), PTML Command, Comptroller, Saidu Yusuf, said this at a news conference in Lagos on Monday.
He said that the figure, which was N22.19 billion higher than the N44.72 billion recorded same period in 2023, represented 49.6 per cent increase.
Yusuf described the increase in the revenue collection as a laudable feat.
According to him, the command is committed towards trade facilitation and supports the government’s drive on ease of doing business.
The comptroller thanked the Comptroller-General of Customs, Bashir Adeniyi, for initiating strategies to achieve faster cargo clearance.
He reiterated that PTML command, under his watch, aimed to surpass its record of three hour cargo clearance for compliant traders.
“The launching of Time Release Study (TRS), which is ongoing and other deliberate efforts by the Comptroller General, had contributed to the expansion of terminal space and promoted ease of doing business in PTML.
“PTML command has potentials to achieve two hour cargo clearance and surpass it’s existing three hours record if port users compliance level is improved upon.
“PTML is one of the safest and most secure environments for RoRo(Roll On Roll Off) and general cargoes,” Yusuf said.
He advised importer 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 (AEO) status.
He reminded port users in PTML of the robust and time conscious dispute resolution mechanism, which had contributed immensely to the revenue collection, trade facilitation and anti smuggling functions of the command.
Yusuf commended the various government and private sector stakeholders for their cooperation and support toward the realisation of the overnment goal of revenue collection and prevention of unlawful activities.
He also expressed optimism that the command would surpass it’s annual target for the year.
He described the importation of vehicles meant for Nigerian roads into nneighbouringcountries with the ntent to smuggle them through unapproved roads into Nigeria as unpatriotic and act of economic sabotage.
The PTLM customs boss said that the command had the capacity for seamless and efficient processing of such automobile cargoes.
The CAC enjoined officers of the command to maximally deploy available technology and rededicate themselves to the job to achieve more revenue for the second quoter.
He reminded the port users of the increased in anti-smuggling vigilance to uncover concealment such as under declaration and smuggling of prohibited items.
Yusuf said that any discovered infraction would lead to full evoking of the Nigeria Customs Service Act (NCSA), where there were spelt out penalties.
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