Nigerian Customs Makes N239Bn In 2017 Q1

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The Nigerian Custom Service (NCS) has generated N239.4 billion in the first quarter of 2017, exceeding its target of the period with N46bn.

Figures obtained from the Federal Ministry of Finance by the News Agency of Nigeria (NAN) showed the activities of the ministry in the last two years.

Customs, in the document, said it targeted N193.2bn for the quarter but that the revenue performance exceeded that.

NCS said the feat was achieved through a reform programme aimed at restructuring the agency, re-orientation of its officers, removing defects and adopting simplified procedures in its activities.

“The NCS collected N904.07bn in 2015 against a target of N944.4bn; the total collection in 2016 was N898.67bn against the target amount of N973.3bn.

“Between January and March 2017, the NCS was able to generate N239.4bn, thereby exceeding the target of N193.22bn set for the period,” the document stated.

– NAN

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