PTML Customs generated N67bn revenue in Q1

Onwubuke Melvin
Onwubuke Melvin

Nigeria’s Customs Service Port & Terminal Multipurpose Limited Command, has disclosed that it generated a total of N66.9 billion in revenue for the first quarter of 2024.

This was revealed by the Public Relations Officer of the command, Muhammad Yakubu in a statement on Saturday, according to the Punch.

This shows a significant 49.6 per cent increase when compared to when compared with N44.7bn collected in the same period in 2023.

The Customs Area Controller responsible for the Command, Saidu Yusuf expressed delight at the increase in revenue collection regarding it as a remarkable achievement.

The PTML Customs boss thanked the management of the service for initiating strategies to speed up the clearance of cargo.

He said, “The launching of the time release study, which is ongoing, and other deliberate efforts by the Comptroller General of Customs, Adewale Adeniyi, have contributed to the expansion of terminal space and promoting ease of doing business in PTML.”

“PTML Command has the potential to achieve a two-hour cargo clearance and surpass its existing three-hour records if port users’ compliance level is improved upon.”

He affirmed the command to be one of the safest for roll-on-roll-off and general cargoes.

Yusuf lauded the stakeholders for their cooperation and support in achieving the Government’s objectives of revenue collection and prevention of illegal activities.

He said he was optimistic that the command would surpass its annual objective this year.

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