How Technology Aided Customs to Achieve N117.8 bn Revenue in Q1

By our reporter

The Nigeria Customs Service (NCS), Tin-Can Island Port Command, Lagos, has explained how the deployment of TRS technology amongst other factors helped it to record an impressive revenue record of N117.8 billion between January and April 2020.

The Customs Area Controller (CAC), Comptroller Musa Abdullahi, made this known in Lagos on Friday in a statement signed by the command’s Public Relations Officer, Mr Uche Ejesieme.

He said the feat was achieved by deploying Time Release Study (TRS) tool to aid trade facilitation and revenue generation, adding that the tool had enabled the command to generate the revenue in the first quarter of the year.

According to him, the Time Release Study tool was beefed up for strategic planning in determining the actual time required for the release and clearance of goods, right from the time of arrival to physical release from Customs’ Control.

Abdullahi noted that Time Release Study was a strategic tool that was capable of identifying bottlenecks in the trade value chain and creating an enabling environment for effectiveness and efficiency in operations.

“It is on the strength of this and other parameters that the command generated a total of N117, 839, 418, 332.16 between January and April in spite of the global pandemic which has posed a great challenge.

“The figure is against the sum of N106,644,643,917.25 generated same period in 2019, reflecting a difference of N11,194,774,414.91,’’ he said.