Apapa Customs Command Generates N143.9 B in 6 Months

Apapa Customs Command Generates N143.9 B in 6 Months
Apapa Port Terminal

The Apapa Area command of the Nigerian Customs has declared a figure of N143.9 billion being total revenue it generated in the first half of the year, from January to June, 2015, falling short of the target prescribed by the Service recently.

The figure represents revenue generated from Import Duties, CET, 5 percent Value Added Tax (VAT), 7 percent Port Levy, NAC, 1 percent CISS and 0.5 percent ETLS.
Other revenue sources are Sugar, Rice, Wheat Flour, Wheat Grain and Iron Levies, as well as levies placed on Cigarette and Cement, and other fees.
A breakdown of the figures shows that the month of March witnessed the most revenue generated (N32.4b) in the last 6 months while January saw the least revenue generated (N20.7b). This is against the backdrop of N35b mandated by the Customs as weekly revenue target for each command.
A further look at the revenue for the different months under focus shows the breakdown as follows: a total of N20,725,398,408 was generated in January, N21,561,736,463 was generated in February while generated revenue for March was put at N32,381,285,428.
For the Month of April, a total of N20,760,360,390 was generated while N23,896,658,054 was the figure for May.
June saw the revenue increasing to N24,613, 475,964, bringing the total revenue for the first half of 2015 to N143,938,914,707.

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