Customs generated N898bn as revenue in 2016– Spokesman

Customs generated N898bn as revenue in 2016– Spokesman

The Nigeria Customs Service has said it generated N898 billion as revenue in 2016, including VAT.

Making the disclosure in Abuja, its Spokesman, Joseph Attah said the figure was however less than the N904 billion collected in 2015.

He attributed the shortfall to the difficulty in accessing foreign exchange and removal of the 41 items from importation list by federal government.

Attah said the service was given a target of N937 billion as revenue in 2016 but “The strict insistence of the Comptroller General on application of instant laws enabled the service to generate a total that is inclusive of VAT of N898 billion.

“If VAT is removed, duty collection only is N720 billion, our performance represent a percentage of 76.90 per cent. Hopefully we will do better in 2017” he said.

Attah added that the comptroller General in recent time had taken steps to effect some redeployment in a bid to strengthen operations and reposition the service for improved delivery.

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