Economy

Tin-Can Island Customs II revenue dips by N129.5m in July

by DigitControl

August 3, 2016 | 1:29 pm
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The Tin-Can Island Customs Command II, formerly known as Lilypond Command, Ijora on Wednesday said it recorded N531,814,240 revenue from its various sources in July.

The command’s performance index is contained in a statement made available to the News Agency of Nigeria (NAN) in Lagos.

It said the July revenue was N129, 516 million lower than the N661,330, 604 recorded in June.

The command attributed the decline to the low volume of activities at the terminal occasioned by low level of importation.

The statement quoted the command`s Controller, Alhaji Abdul-Kadir Dalhat, as saying that the command was devising practical ways of ensuring improved revenue profile in spite of challenges with importation.

One of the measures, according to Dalhat, is the blockage of revenue loopholes to ensure all monies due to government were remitted to it.

NAN reports that the command had, recently, announced N1.57billion revenue for May 2016.

Dalhat, revealing the figure to visiting members of the House of Representatives Committee on Customs at the command, had said the revenue performance was the highest between January and May.

He said that what the command generated from January to April was an average of N400 million monthly which he said was made possible because of improved service delivery.

Source: NAN


by DigitControl

August 3, 2016 | 1:29 pm
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