TINCAN COMMAND OF NIGERIA CUSTOMS SETS TO ACHIEVE N1. 1 TRILLION REVENUE TARGET IN 2024
… as Compt. Nnadi solicits stakeholders’ collaboration
By Mcanthony Onuoha
Tincan Command of the Nigeria Customs Service has expressed its readiness to set an unprecedented revenue record in 2024.
The declaration was by the Command’s Controller, Dera Nnadi, mni, during his first press briefing in 2024, where he disclosed that the Nigeria Customs Service has set a revenue target of N1.103 trillion for Tincan Command as the Service targets to rake in N5 trillion as revenue into the federal government coffers for 2024 fiscal year.
Speaking with journalists on Tuesday, Compt. Dera Nnadi disclosed that
The Nigerian Customs Service, Tincan Island Command, had netted over N726.5billion last year, 2023. Out of the target of over N801 billion earmarked last year. Coming out of the 2023 target, and that the Command, in 2024, is expected to generate a whooping sum of One trillion, one hundred and thirty billion, seven hundred and sixty eight million, fifty thousand, eighty eight Naira, twenty nine kobo. (N1,130,768,051,88.29)
The Tincan Controller maintained that the target, may appear humongous and unachievable but it is actually doable.
According to Compt. Dera Nnadi, the 2023 revenue target was also received with mixed feelings but the seemingly huge challenge was surmounted. Nnadi, who described himself as “an incurable optimist” said he believed that with all hands on deck, the task would be achieved.
He assured that machinery would be quickly set in motion, and with stakeholders collaboration the target would be met.
According to the controller, “when the target of N801,142.297billion was given to the Command in 2023, it looked daunting but we had our strategies, we got most stakeholders to rally round us, with strategic meetings geared towards achieving the set goal. In other to achieve that, we started a 24hr clearance operation and the result is there for everyone to see, though it’s not fully operational but most key stakeholders are keying in and we are moving on with it”. He disclosed that the sum of N716,479.70576.74 was collected as revenue for federal government in 2023 regardless all odds.”
The Controller disclosed that all stakeholders were part of last year’s achievements, he praised the freight Forwarders, the Traders, Importers and others for their understanding and cooperation towards the revenue drive. The Command, he revealed, has therefore pledged to devote their time to serve them better henceforth and that it’s the singular reason why the Command has declared 2024 ‘Stakeholders Year’.
Controller Nnadi continued by saying that since 2006 Customs has deliberately had a robust stakeholders engagement which is paying off in so many ways. “Here at Tincan, we encourage them to be Duty compliant while
considering the exchange rate, we cannot shy away from the reality of the exchange rate which affects everything, that’s why we encourage people to go into export.”
While encouraging them to be Duty and environmental Landscape Compliant, Nnadi warned that his Command will not hesitate to deal decisively with anyone who refuses to comply.
Nnadi expressed deep appreciation to the Enforcement Unit for the over N38.91 billion Naira recorded as DPV for seizures.He lauded his officers for their commitment. While revealing that the NCS has instituted a reward system for officers who Excell in their different tasks, the CGC he disclosed has in 2023 given out letters of recommendation to officers found to be exceptional in their line of duty, some have been given special recognition and promoted ahead of squad mates in the last promotion exercise.
Revenue Target: Last year was N801b and this year 2024, N1,130,768.51.831.31trillionN21,666.
Breaking the revenue figure down, it comes down to N21.666b on
weekly basis,
4,332,444.billion everyday . The target of N1.1trn the Controller says, represents 27% of National Target. He revealed that his leadership was going to engage the National Trade regulatory agency for time release study on Tincan Island Customs port Command.
“It’s very significant to recognize that no bird flies with one wing. That is why the NCS has recognised the importance of the freight Forwarders and traders who do not circumvent trade rules. In Tincan we want to do it differently by doing 24 hrs Operation. In the past we used to blame the stakeholders for every infraction but it takes two to tangle and we shall hold any Officer who releases any cargo with infraction. We have mapped out strategy to ensure that unnecessary demurrage is not incurred by importers due to the fault of the Customs. Whatever we achieved last year was a joint effort with all stakeholders and we want everyone to join hands with Customs to meet this new target, it is achievable, if we all join hands, the CGC, wale Adeniyi and his management team has looked at our performance last year and in their wisdom allotted this revenue target to Tincan Command, let us all work towards it, it’s achievable.” Nnadi stated.
He applauded the CGC for his encouragement which has further boosted the confidence of officers and men of the Service and urged his team to double their efforts to enable the Command achieve the massive feat.
