PTML Customs Collects N159.3B Revenue for 12 Months

 The Port and Terminal Multiservice Limited (PTML) Command of Nigeria Customs Service said it has collected N159, 336,478,193 between January and December 2019.

According to the statement made available to our correspondent by the public relation officer of the command, it  stated that the figure surpassed its 2019 target of N123, 280,606,025.42 with N36, 055,872,025.42 representing 129 percent of the projected target.

The recorded collection also surpassed N109, 623,404,403 that was collected within same period of 2018 with a value increase of N34, 000,489,882 which represents 31% surplus.

The command attributed the increase in revenue to the rising cargo throughput in the command and the high level of discipline among officers 

 

"The increase in revenue is attributable to rising cargo throughput in the command noted for Roll On Roll Off (RoRo) consignments ; sustained due diligence and trade facilitation by the Customs Area Controller,  Mrs. Florence Olasunmbo Dixon; commitment to duty by our officers and increasing level of compliance by most vehicle importers using the port.

"Our Controller ensures high level of discipline among officers promotes punctuality to work and leads the way in trade facilitation by ensuring that entries and transactions within customs control are treated with speed.

"Her improved Customs Community Relations exhibited in regular interactions with stakeholders and supported by open door administration has also contributed immensely to the command's successes in many ways."

According to Comptroller (Mrs) Florence Dixon, "We in PTML Command will continue to do our best in ensuring the Controller General of Customs zero tolerance for infractions, duty evasion and always shun all forms of corruption.

“We are committed to federal government goal of trade facilitation without compromising national security. Six hour cargo clearance within our port is possible with sincere and accurate declarations backed up with prompt duty payment " she said.

A comparative breakdown of our monthly collections from January to December of 2018 and 2019 shows monthly percentage increases which resulted cumulatively to the over N34b difference within 12 months of both years.

For instance, collection for January 2018 was 9,967,751,491 while 2019 was 14,850,154,616 which shows a forty-nine percent increase. In February of both years, 2018 collection was N7,267,306,206 while 2019 was N10,024,673,259 showing thirty percent increase .For the month of March, N8,422,060,484 was collected in 2018 and N11,853,972,028 was collected which translates to forty-two percent increase.

A total sum of 159,336,478,193.00 was raked into the Federation account in the Months of January- December 2019, Compared to January- December 2018, N109,623,404,403.00 with a surplus value of N49, 713,073,790.00.  This shows a 45% increase in Revenue in the comparison. The above feat is a result of increase in cargo throughout and diligence on the part of officers and men.

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