Stakeholders in the maritime industry have predicted further drop in the monthly revenue of the Nigeria Customs Service (NCS).
This was even as the revenue profile of the flagship commands of the Customs – Apapa and Tin Can Island – dropped by N2.4billion in September.
In a statement by the Public Relations Officer of the Apapa and Tin Can Island commands of the NCS, Emmanuel Ekpa and Uche Ejesieme said they couldn’t ascertain reasons for the drop.
But, investigation by LEADERSHIP had shown that the drop in revenue in the month of September was because of the recession the nation’s economy slided into recently.
Speaking to LEADERSHIP, the National Publicity Secretary of Association of Nigerian Licensed Customs Agents (ANLCA), Kayode Farinto projected that the revenue will dropped further in the coming months because import duty volume into the country has continue going down.
“Import has dropped and everyone knows the reason. Also, banks are not giving loans and manufacturers have not bee able to access forex so we should expect more drop in Customs revenue.”
It would be recalled that the Apapa command of the service collected a whooping N34.9billion in August, but statistics indicated that the revenue collected by the Command in September was N33billion, about N2billion less than the collection for August.
In August, the Apapa Command of Nigeria Customs Service had announced a record monthly revenue of N35 billion.
The revenue collected in August was about N8 billion higher than N27 billion collected in July, and it is the highest monthly reported revenue by any customs command in the country in the last 10 years.
Ekpa could not ascertain what might have been responsible for the drop in revenue collection despite the high revenue collected in August.
Meanwhile, the Tin Can Island Command also recorded N400million revenue shortfall in September.
The Command recorded a revenue generation of N25.6billion for the month of September as against N26billion generated in August.
Statement signed by Ejesieme, revealed that the various strategic plans aimed at enhancing the revenue collecting capacity of the Tincan Island Port has continued to show positive signals with the collection of N25.6 billion as revenue in the month of September 2016.
Ejesieme identified the measures as strengthening and rejuvenating the competence of the critical areas, particularly with regards to identifying and blocking all areas of revenue leakages, capacity building, in areas of modern Customs Operations as well as extracting the commitment of officers/men in the discharge of their statutory responsibilities.