By Mustapha Sumaila
The Nigerian Customs Service (NCS) generated N466.1 billion in the first quarter of 2021.
Data shows that the NCS achieved the highest revenues in March with 169.4 billion naira, followed by January with 157.6 billion naira while the sum of 138.9 billion naira was generated in February.
The document showed that Customs achieved the highest revenue of N 216.9 billion during the review period from import duties.
According to statistics, import duties are followed by customs VAT which is 105.2 billion naira and levies on non-federated accounts of about 55.5 billion naira.
The document showed that 50.8 billion naira was generated by withdrawals from the accounts of the federation, while 34.5 billion naira came from excise duties as well as 2.8 billion naira from fees.
Likewise, statistics revealed that during the period under review, the service seized various contraband goods valued at 1,996,145,258 naira.
The document said customs confiscated 37,206 bags of imported rice from January to March. (NOPE)
Short Link: https://wp.me/pcj2iU-3yZa
- COVID-19 new wave: Bayelsa imposes fresh curfew
- UN chief calls on all parties to cease fighting in Gaza, Israel
- ICPC fugitive is not Buhari’s inlaw – Presidency
- Customs confirms 3 dead in Iseyin clash with smugglers
- Nollywood produces 416 movies in Q1, 2021-NBS
- Gov. Diri recommends electronic voting for future election
- Pfizer, Moderna vaccines 94% effective – CDC study
- Imminent food crisis: young farmers recommend emergency food security plan
- Nigeria’s security challenges surmountable, says Gov. Fayemi