Tincan Island Port Command Sees Significant Revenue Growth, Engages Stakeholders on Customs Reforms
By Lod Onyeji
The Tincan Island Port Command of the Nigeria Customs Service has recorded a significant increase in revenue, generating N116.4 billion in January 2025, a 24.06% rise from the same period last year.¹ This growth is attributed to the Command's efforts to streamline customs processes and improve efficiency.
Comptroller Frank Onyeka, Customs Area Controller of the Tincan Island Port Command, has been instrumental in driving these reforms. He recently engaged stakeholders, including importers, customs brokers, and shipping agents, to sensitize them on the implementation of the 4% Free on Board (FOB) levy and the new Unified Customs Management System, B'Odogwu.
The interactive sessions, held on February 6 and 7, 2025, aimed to educate stakeholders on the operational implications of these new initiatives. Comptroller Onyeka emphasized the importance of these reforms, particularly the 4% FOB levy, which is expected to boost the operational efficiency of the service in line with international best practices.
The introduction of the B'Odogwu Clearance System is also seen as a significant step towards modernizing the customs clearance process, reducing bottlenecks, and enhancing compliance. The system is expected to be launched in the Command soon.
Comptroller Onyeka expressed optimism about the Command's continued growth, stating that it is on track to surpass its 2025 annual target of N1.524 trillion. He attributed this growth to his efforts to create a more trade-friendly environment, emphasizing honest declarations and thorough examinations.
The Comptroller General of Customs, Bashir Adewale Adeniyi MFR, has directed the initiation of these consultations, underscoring the service's commitment to transparency, effective communication, and partnership with stakeholders.
Comments
Post a Comment