The Nigeria Customs Service (NCS) has collected a total of N116.6 billion in the first two months of 2012. The NCS summary of monthly revenue figure exclusively obtained by LEADERSHIP yesterday showed that a total of N51,796,446,313 was collected in January, while N64,830,201,680 was collected in February.
A breakdown of the figure shows that, in January, import duty collected was N25, 652,745,690, excise duty stood at N4,106, 816, 317, while other non-federation levies collected was N20,573, 038, 423, and negotiable duty credit certificate was N2,223,823,000.
In February, however, import duty collection rose to N33, 525,586,606 while excise duty dropped to N3,318,075,313.
Other non-federation account levies increased to N26,5575,589,454 while the negotiable duty credit certificate also increased to N4,352,250,674.
The Service is, however, targeting collection of N1 trillion revenue this year, said comptroller-general Abdullahi Dikko during the first revenue strategy meeting for 2012 held with customs area controllers in Abuja recently.
The strategy for realising the target, he said, would be based on a strict implementation of current fiscal policy anchored on increased use of information technology tools.
“We benefited tremendously from the use of system audit last year. We are going to consolidate on the gains by tapping into the opportunities which the Asycuda System provides us,” Dikko said.
In addition to the System Audit Strategy, the comptroller-general disclosed, the use of the Risk Assessment Reports (RARs) will be closely monitored to prevent the rampant abuse of the system, while directing that all unutilised RARs carried over from 2011 and previous years be compiled and investigated.
“Last year there was 25 per cent increase in the volume of cargo imported into the country. If the tempo is sustained, our target is realisable,” Dikko maintained.
According to the target breakdown, Apapa Port leads the pack with N27 billion projected revenue, closely followed by Tin-Can Island port with N22 billion and Onne Port with N10 billion.
Others are PTML (Tincan II) with N7.5 billion, Lilypond, N5 billion, Kirikiri Lighter N5 billion, Edo/Delta N4.5 billion and Port Harcourt I, N4 billion.
Last year, the Service generated a total of N741,836,653,478, representing a surplus of N148 billion over the target of N596 billion.