By using this site, you agree to the Privacy Policy and Terms of Use.
Accept
News Point247News Point247
Notification Show More
Latest News
NNPP
NNPP Urges Nigerians to Reject Vote-Buying, Political Inducement Ahead of 2027 Elections
Politics
Seme
Seme Customs Controller, Kaila Begins Familiarisation Visits to Sister Agencies
Customs
Shippers
Shippers’ Council Secures Presidential Approval to Implement ICTN
Maritime
Oyetola
Oyetola Credits Reforms for 160% Surge in Marine and Blue Economy Revenue
Economy
FRSC
FRSC Charges Newly-Promoted Officers to Uphold Responsibility
Transport
Aa
  • Home
  • News
  • Maritime
  • Business
  • Politics
  • Society
  • Features
  • Transport
  • International
  • Opinion Article
  • Photo News
Reading: Apapa Customs Command Collects ₦1Trillion Revenue in First Half of 2024
Share
Aa
News Point247News Point247
  • Home
  • News
  • Maritime
  • Business
  • Politics
  • Society
  • Features
  • Transport
  • International
  • Opinion Article
  • Photo News
Search
  • Home
  • News
  • Maritime
  • Business
  • Politics
  • Society
  • Features
  • Transport
  • International
  • Opinion Article
  • Photo News
Follow US
© News Point 247. All Rights Reserved | Site Developed by OutsourceNow.ng
News Point247 > News > Just In > Apapa Customs Command Collects ₦1Trillion Revenue in First Half of 2024
BusinessJust InNews

Apapa Customs Command Collects ₦1Trillion Revenue in First Half of 2024

Admin
Last updated: 2024/07/10 at 12:12 AM
2 years ago 3 Min Read
Share
3 Min Read
779a2dea Cf0e 4f1d Be60 D1852d767a06
SHARE

The Apapa Area Command of the Nigeria Customs Service (NCS) has announced a substantial increase in revenue collection for the first half of 2024, amassing a total of ₦1.024 trillion. This figure represents a remarkable 143% surge compared to the ₦421.38 billion collected during the same period in 2023.

During a mid-year press briefing, Customs Area Controller Comptroller Babatunde Olomu attributed this achievement to effective intelligence gathering and improved relations between customs and the community.

“Since taking office on May 6, 2024, my priorities have included enhancing trade facilitation, curbing revenue losses, and fostering better interactions with both government agencies and private sector stakeholders,” Olomu stated.

Despite a noted decline in trade volume, strategic measures implemented by the command have significantly boosted revenue collection. Olomu highlighted the formation of a dedicated revenue recovery committee focused on identifying and closing revenue leakages, particularly within bonded terminals under the Apapa Command.

- Advertisement -
Ad image

“Our efforts are paying off, as evidenced by the substantial revenue increase despite the challenges,” he remarked.

In addition to revenue generation, Olomu reported intensified anti-smuggling operations by the Apapa Command. The command seized 11 containers of prohibited items, including expired pharmaceuticals, footwear, used clothing, armored cables, and frozen poultry products, with a Duty Paid Value (DPV) of ₦424.1 million. This contrasts with 42 seizures valued at ₦1.4 billion during the same period in 2023.

Olomu emphasized the need to protect the public from harmful and unregistered pharmaceuticals, which pose significant health risks.

He reiterated the command’s zero-tolerance stance on smuggling and other illegal activities, promising continued vigilance and strict enforcement of customs regulations.

Olomu also credited the Apapa Command’s success to its close collaboration with other government agencies such as the Nigeria Police, Department of State Services (DSS), National Drug Law Enforcement Agency (NDLEA), National Agency for Food and Drug Administration and Control (NAFDAC), and Standards Organisation of Nigeria (SON).

Comptroller Olomu concluded by expressing gratitude to the Comptroller-General of Customs, Bashir Adewale Adeniyi, and the entire Customs management team for their support. He also commended the officers and stakeholders for their resilience and contributions, urging continued cooperation to achieve even greater success in the second half of 2024.

You Might Also Like

Oyetola Credits Reforms for 160% Surge in Marine and Blue Economy Revenue

Anti-Corruption Group Hosts Seminar to Safeguard Nigeria’s National Single Window The Media Anti-Corruption Initiatives (MACI), in partnership with Hynek Media, will host a landmark one-day seminar aimed at strengthening the Federal Government’s flagship trade facilitation project, the National Single Window (NSW). The event is cheduled for Wednesday, April 15, 2026, at Rockview Hotel, Apapa GRA, Lagos, the seminar will carry the theme “National Single Window: Strategies to Avert Failure” and will convene policymakers, regulators, private sector leaders, and civil society actors to develop tamper-proof strategies for the project’s effective implementation. The NSW will seek to centralize import, export, and transit documentation, streamline processes, reduce duplication, and enhance transparency. Officials estimate the initiative could cut transaction costs by up to 25% while boosting government revenue by as much as 20%. Despite these potential benefits, experts warn that Nigeria’s history of reform failures highlights the need for strong safeguards to ensure success. According to a statement signed by Funso Olojo, Secretary of MACI, and Rev. John Iwori, Media/Publicity, the seminar will be chaired by Aare Hakeem Olanrewaju, Chairman of the Customs Consultative Committee, with Hon. Kingsley Igwe, Registrar of the Council for the Regulation of Freight Forwarding in Nigeria (CRFFN), serving as Co-Chairman. Other notable participants will include: Dr. Bashir Adewale Adeniyi MFR, Comptroller-General of the Nigeria Customs Service (Chief Guest of Honour) Mr. Tola Fakolade, Director, National Single Window (Special Guest of Honour) Dr. Abubakar Dantsoho, MD, Nigerian Ports Authority (NPA) Dr. Dayo Mobereola, DG, NIMASA Dr. Pius Akutah MON, ES, Nigerian Shippers Council (NSC) Alhaji Umar Yusuf Girei, Acting MD, NIWA Mrs. Adesuwa Ladoja, MD, Lagos Free Trade Zone Key sub-themes will focus on: Transparency in the Single Window Project as a Key to Sustainability Inter-Agency Rival-Free Collaboration for NSW Success The seminar will also feature insights from customs controllers, freight forwarders’ associations, indigenous terminal operators, and regulators, including perspectives on the Lagos Free Zone Green Channel initiative. Organizers say the event presents a rare opportunity to align government agencies, private operators, and civil society around a shared vision for a seamless trade ecosystem.

NPA Moves to Deploy Port Community System as ETO Undergoes Review

Falade Assumes Leadership at NLNG, Succeeds Mshelbila

Motoring World Marks 30 Years of Auto Resilience 

Share this Article
Facebook Twitter Email Print
Previous Article 7c01a582 1e67 4538 9141 1fc83c1b921d FG Awards CGC Adeniyi for Excellence in Revenue Collection
Next Article 9158d304 B2ee 4b05 A4b5 F8187fc8f933 LASTMA Unveils  Customer Support  Centre For Traffic Management 

Trending

NNPP
NNPP Urges Nigerians to Reject Vote-Buying, Political Inducement Ahead of 2027 Elections
Politics
Seme
Seme Customs Controller, Kaila Begins Familiarisation Visits to Sister Agencies
Customs
Shippers
Shippers’ Council Secures Presidential Approval to Implement ICTN
Maritime
Oyetola
Oyetola Credits Reforms for 160% Surge in Marine and Blue Economy Revenue
Economy
FRSC
FRSC Charges Newly-Promoted Officers to Uphold Responsibility
Transport
Anti-Corruption Group Hosts Seminar to Safeguard Nigeria’s National Single Window The Media Anti-Corruption Initiatives (MACI), in partnership with Hynek Media, will host a landmark one-day seminar aimed at strengthening the Federal Government’s flagship trade facilitation project, the National Single Window (NSW). The event is cheduled for Wednesday, April 15, 2026, at Rockview Hotel, Apapa GRA, Lagos, the seminar will carry the theme “National Single Window: Strategies to Avert Failure” and will convene policymakers, regulators, private sector leaders, and civil society actors to develop tamper-proof strategies for the project’s effective implementation. The NSW will seek to centralize import, export, and transit documentation, streamline processes, reduce duplication, and enhance transparency. Officials estimate the initiative could cut transaction costs by up to 25% while boosting government revenue by as much as 20%. Despite these potential benefits, experts warn that Nigeria’s history of reform failures highlights the need for strong safeguards to ensure success. According to a statement signed by Funso Olojo, Secretary of MACI, and Rev. John Iwori, Media/Publicity, the seminar will be chaired by Aare Hakeem Olanrewaju, Chairman of the Customs Consultative Committee, with Hon. Kingsley Igwe, Registrar of the Council for the Regulation of Freight Forwarding in Nigeria (CRFFN), serving as Co-Chairman. Other notable participants will include: Dr. Bashir Adewale Adeniyi MFR, Comptroller-General of the Nigeria Customs Service (Chief Guest of Honour) Mr. Tola Fakolade, Director, National Single Window (Special Guest of Honour) Dr. Abubakar Dantsoho, MD, Nigerian Ports Authority (NPA) Dr. Dayo Mobereola, DG, NIMASA Dr. Pius Akutah MON, ES, Nigerian Shippers Council (NSC) Alhaji Umar Yusuf Girei, Acting MD, NIWA Mrs. Adesuwa Ladoja, MD, Lagos Free Trade Zone Key sub-themes will focus on: Transparency in the Single Window Project as a Key to Sustainability Inter-Agency Rival-Free Collaboration for NSW Success The seminar will also feature insights from customs controllers, freight forwarders’ associations, indigenous terminal operators, and regulators, including perspectives on the Lagos Free Zone Green Channel initiative. Organizers say the event presents a rare opportunity to align government agencies, private operators, and civil society around a shared vision for a seamless trade ecosystem.
Business
NPA Moves to Deploy Port Community System as ETO Undergoes Review
Just In
NLNG
Falade Assumes Leadership at NLNG, Succeeds Mshelbila
Oil & Gas
Customs
Nigeria Customs Foils Attempt to Smuggle 14,875 Litres of Petrol to Benin Republic
Customs
News Point247News Point247

© News Point 247. All Rights Reserved | Site Developed by OutsourceNow.ng

  • Home
  • Privacy Policy
  • About Us

Removed from reading list

Undo
WhatsApp
Hello
Can we help you?
Open chat
Welcome Back!

Sign in to your account

Lost your password?