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Customs generates N59.4 bn revenue

25 April 2013, 13:06

Lagos - The Nigeria Customs Service (NCS), Apapa Area 1 Command, generated N59.4 billion as revenue in the first quarter of the year.

This is contained in a statement issued on Thursday in Lagos by Emmanuel Ekpa, the command’s Public Relations Officer.

The statement gave the monthly breakdown of the figure as N20.8 billion in January, N19.8 billion in February and N18.8 billion in March.

It said the revenue figures for the three months were, however, respectively lower than the monthly target of N39 billion.

The statement attributed the lower figures to low importation in the period under review, saying that importation had been low for some time.

It attributed the low importation to delay in the passage of the budget as well as the security situation in some parts of the country.

The statement explained that the monthly revenue of N20.8 billion for January consists of federation revenue of N10.6 billion and non-federation revenue of N9.5 billion.

``The monthly revenue of N19.8 for February consists of federation revenue of N8.99 billion and non-federation revenue of N10.4 billion.

``The N18.75 billion for March was made up of federation revenue of N7.97 billion and non-federation revenue of N9.07 billion.’’

It added that the federation revenue was made up of Common External Tariff (CET), Import Duty, Fees and others.

``The non-federation revenue is made up of Value Added Tax, Port Levy, Comprehensive Import Supervision Scheme (CISS), ECOWAS Trade Liberalisation Scheme (ETLS) and sugar levy,’’ Ekpa said.

The statement added that other components of the non-federation revenue were brown rice duty, wheat flour levy, wheat grain levy, rice levy, iron levy, cigarette levy and cement levy.


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