Apapa Area 1 Customs revenue falls to N23.3 bn

The Apapa Area 1 Command of the Nigeria Customs Service (NCS) has said it collected N23.3 billion as revenue in September, a figure below the N30.1 billion collected in August.

This is contained in the command’s revenue report signed by the Area Controller, Comptroller Eporwei Edike and issued in Lagos.

Investigations revealed that the decline in revenue might not be unconnected with the exclusion of some items from foreign exchange transactions by the Central Bank of Nigeria (CBN).

The report indicated that N12.6 billion went into the Federation Account in September comprising import duty, fees and Common External Tariffs (CET).

It said that under the Non-Federation Account, the command generated N10.7 billion from 5 per cent Value Added Tax (VAT); 7 per cent Port Levy, and 0.5 per cent ECOWAS Trade Liberalisation Scheme (ETLS).

Other sources of revenues into the Non-Federation Account are one per cent Comprehensive Import Supervision Scheme (CISS), National Automotive Council (NAC), levies on rice, iron, sugar and wheat grain.

The report also indicated that N11 million was collected from the Negotiable Duty Credit Certificate (NDCC).
The NDCC is a document accepted for duty payment from importers who bring in materials for production purposes.