N1.13 trillion Revenue Target: Compt Nnadi Visits Customs Consultative Committee, Seeks Support


Customs Area Controller, Tin Can Island Port, Compt Dera Nnadi (middle) receiving the handbook of Customs Consultative Committee (CCC) from its Chairman, Aare Hakeem Olanrewaju (right) while CCC Secretary, Dr Eugene Nweke looks on during Nnadi's visit to the CCC Apapa office in Lagos on Monday


The Customs Area Controller, Tin Can Island Command of Nigeria Customs Service, Compt Dera Nnadi on Monday visited the Customs Consultative Committee (CCC) at it’s Apapa office, even as he sort the collaboration and support of the stakeholders in achieving the command’s revenue target for the year 2024.

The Nigeria Customs Service had set an ambitious revenue target of N1.13 trillion for the command in year 2024.
This translates to monthly target of N94.23 billion, which translates N21.7 billion every week and that means on daily basis officers and men of the command, with the support of stakeholders are supposedly to collect N4.23 billion every day.

Compt Nnadi was received on the working visit by Chairman of CCC, Aare Fwdr. Hakeem Olarenwaju and Secretary of CCC, Fwdr Eugene Nweke.

The visiting Comptroller reiterated that his courtesy visit is informed by his belief that responsible partnerships and collaborations are incomplete without strategic mobilization and alliances, hence his visit to the CCC.

Insisting that the annual revenue target of the Customs requires deliberate cooperation and the support of stakeholders, especially the trading public, he called for the support of CCC in achieving this for TCIP Command.

He commended the CCC for their support to TCIP Command in 2023 while informing that, the management of the Command is committed to the implementation of the key resolutions reached at the recent stakeholders meeting held during the Comptroller General of Customs conference 2023. He insisted that the management would not leave any stone unturned in pursuance to its trade compliance and facilitation quest.

To this extent, he called on the trading public to sure up compliance in their trade transactions and requisite trade related applications via prompt documentation and honest declaration.

He noted that going forward compliance traders will be rewarded with prompt service delivery , while sanctions on trade irregularities and breaches will be meted to the defaulting trading public ( importer /exporter and their representative) as provided in the new Nigeria Customs Act 2023.

He said equally that officers caught in the line of duty other than spotting and tackling trade infractions will as well be punished accordingly to achieve holistic and meaningful compliance.

On the allegation that, the Service increased the benchmark for the surface payable Customs duty, Comptroller Dera Nnadi reiterated that, at no time did the Service set nor increased any benchmark other than, the reality of the foreign exchange rate regime, insisting that, once, the exchange rate drops, the payable surface Customs duty will as well drop.

Speaking earlier, the CCC Chairman, Aare Hakeem Olanrewaju drew Compt Nnadi’s attention to the wider negative impact of the unstable foreign exchange regime on trade generally, and used the opportunity to enlighten the Comptroller on the workings of the CCC while soliciting for broader areas of strategic consultations in order to redefine operational bottlenecks in the ports.

The Chairman highlighted noticeable red tapes in the supply chain and recommended eradication of such. He made recommendations for achieving policy goals of the Command in particular and the management of NCS in general.

The CCC Chairman reassured the visiting Comptroller of the committee’s cooperations and support towards meeting set goals, especially the Command revenue target, and presented the CCC handbook to him.

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