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PTML COMMAND SEES 19.2% INCREASE IN REVENUE, MAKES #104.6B IN SIX MONTHS.

Dili Utomi by Dili Utomi
15/07/2021
in Business
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PTML COMMAND SEES 19.2% INCREASE IN REVENUE, MAKES #104.6B IN SIX MONTHS.

Comptroller Okun, F O, CAC PTML Command of the NCS

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THE CAC OF PTML COMMAND, COMPTROLLER OKUN, F.O.

Story by DILI UTOMI.

READ ALSO

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ZONE “A” STRIKE FORCE HITS #338.6 WORTH OF SEIZURES.

It is another record breaker in terms of generated revenue as the Port Terminal Multi-services Limited (PTML) Command of the
Nigeria Customs Service has hauled in a total of One hundred
and four billion, six hundred and forty- nine million, two hundred
and two thousand, two and fifty-one naira (N104,649,202,251.00)
only as revenue to the Federal Government coffers for the first
half year of 2021 (January to June). This is N16.8 billion increase above the N87, 818,715,599.599.00 that
was collected between January and June 2020. Which represents
19.2 percent increase of the Command’s revenue.

The increase in revenue collection is due partly to operational
strategies emplaced by the Customs Area Controller, Comptroller
Festus Okun to prevent revenue leakages, promote trade
facilitation and achieve seamless cargo clearance for compliant
importer.

The Command was able to put in more measures in the area of
capacity building for officers, strengthening of the dispute
resolution Committee and building a strong quality service
delivery, thus engendering ease of doing business. We have a
functional help-desk while we keep our doors open to stakeholder
for direct access.

These also attributed to the volume of trade which saw
comparative increases in monthly collection from March 20212
after initial revenue shortfalls in the earlier months of January and February when compared with 2020 collection.
These has been a surge of increases in monthly collection from March to June this year compared to what was collected same period of last year. In the month of June 2021, the Command
generated the sum of N22, 253,694,223.00 which is an
unprecedented record in our history as an area Command. The
issuance of demand notices (DNs) from uncovered revenue shortfalls within the period under review amounted to N499,376,085;00.

In the area of import in the month under review, a total number of 95 ships berthed at the PTML terminal carrying 17,717 containers and 118,431
imported vehicles between January and June 2021.

In export, the Command handled export goods with a total tonnage of Seventy- seven thousand (77,000.23) metric tons, with a total Free on Board (FOB) value of Fifty-five Billion, five hundred and forty-six thousand, one hundred and eighty-eight thousand, three hundred and twenty-four naira, sixty-four kobo. (N55,
546,188,324.64) only.

On anti-smuggling, in the period under review, the Command made (2) two seizure of 2x20ft containers which comprises of some rice and
vegetable oil with a duty paid value Seventy million, four hundred and thirty-four thousand, two hundred and seventy-seven naira (N17,434,277.80) only.
While commending the officers and men of the command for their
patriotism and commitment to national interest, comptroller Okun urged them to double their efforts to achieve a more resounding feat by end of 2021.
The Area controller, in our various stakeholder’s meetings had described the PTML as a model port with many advantages for importers and exporters, urged them to increase their level of compliance. The command also provides opportunity for vehicle importation with speedy clearance being a model RoRo port that should discourage car smuggling through land borders.

He reiterated that the four hour clearance time for compliance Roll
on Roll off (RoRo) cargoes is very much subsisting.

For more information, please 08027590195, 08035721540 or email us @ greatalternativenigltd@gmail.com

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