Apapa Customs Command generates N301bn in 2014

The Apapa Area 1 Command of the Nigeria Customs Service (NCS) generated N301 billion in 2014 up from N250 billion recorded in 2013.

This was contained in a revenue report made available to newsmen on Thursday in Lagos by the Controller of the Command, Mr Eporwei Edike.

According to the report, only N36 billion was generated from duty on rice imports, while a total of N265 billion was generated from other commodities.

The report indicated that the command generated N28.9 billion in December in contrast to N24.4 billion recorded in November.

A breakdown of the December revenue figures showed that N15.8 billion went into the Federation Account, while N13 billion was saved into the Non-Federation account.

The report indicated that Import Duty fetched the `lion share’ of the revenue with a total of N15.1billion.

Fees collected were N56.4 million; and the Common External Tariffs (CET) fetched N625.3 million.

For the Non-Federation Account, Value Added Tax (VAT) was N4.6 billion; 7 per cent Port Surcharge (N1.06 billion); while the 1 per cent Comprehensive Import Supervision Scheme (CISS) N1.6 billion.

It added that the command raked in N881 million from the ECOWAS Trade Liberalisation Scheme (ETLS); N2.7 billion from Rice Levy; N286.5 million from Rice Levy; and N226.078 from Wheat Flour.

According to the report, the command collected N1.8 billion from Wheat Grain; N21.9 million from Iron Levy; and N18.4 million from Cigarette Levy.

The command generated N600 million from the Negotiable Duty Customs Certificate (NDCC).

The NDCC is a payment document used to settle import and export duties.