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Home News

Customs command generates $184m in two months

JEO report by JEO report
July 15, 2024
in News
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Customs command generates $184m in two months
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The Nigeria Customs Service, Lilypond Export Command, has said that 2,488 export containers with duty paid value of $184.8m, were handled by the command between April and June 2024.

The command also said that its payment into the Nigeria Export Supervision Scheme for the period under review stood at N1.2bn.

The Customs Area Comptroller in charge of the command, Mr Ajibola Odusanya, made this known in a statement issued on Sunday.

Odusanya said that NESS payments recorded a significant rise in 2024 when compared to N478.7m recorded within the same period of 2023.

According to him, in line with the fiscal policy directive of the Federal Government, N29.6m was generated as a surcharge on the export of previously imported goods and other machinery as approved by the Federal Ministry of Finance in 2024, while N535,000 was generated in 2023.

“As we all know, the year 2024 is facing numerous challenges, and Nigeria is not exempted. Important sectors of the economy were adversely affected due to the unstable exchange rate’s surge in trade activities, among others,” he said.

He said that the command exported diverse commodities, including agricultural produce, manufactured goods, and solid and extractive minerals, among others.

JEO report

JEO report

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