The export initiative of federal government particularly on agricultural products has started yielding fruitful results as Tin Can Island Port Command of Nigeria Customs Service announced that 45,462 metric tonnes of export goods were exported through the port between January and March, this year
Area Controller of the Command, Abdullahi Musa made this known recently in Lagos while speaking on activities of the Command in the first quarter of the year. According to him, agricultural produce topped the list with 38,517MT of cashew nut, rubber, hibiscus flower, cocoa butter, sesame seed, processed wood, frozen shrimps and processed leather were exported.
Their FOB value stood at N22.435 billion while 6,945MT of processed and manufactured goods were exported during the same period with FOB value stood at N6.711 billion. The finished goods exported were – empty bottles, biscuit, cigarette, polyethylene, billets, soap, hair cream and tissue paper.
Comparing the export record of the command in the first quarter of 2018 with 2017, Musa said there was an appreciable improvement of 558.46 per cent in terms of volume and 402.24 per cent in terms of FOB value over 8,140.6MT with FOB of N7.246 billion processed in the same period in 2017.
Under the same period, the command generated a sum of N104.5 billion as against a projection of N116 billion, with a performance rate of 90.09 per cent. In the same period in 2017, the command generated N82.154 billion.
On the revenue performance, the CAC attributed the feat to the establishment of standard operating procedure, blocking of areas of revenue leakages and transformation of revenue collection and reporting system.
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