• Sun. May 26th, 2024

CUSTOMS: Lilypond Export Command Processes 5,891 Containers Worth $236 Million In Q1 2024

ByHybrid News

Apr 17, 2024

The Customs Area Controller, Lilypond Export Command of the Nigeria Customs Service (NCS), Comptroller Ajibola Odusanya announced today that the command has experienced substantial growth in the first quarter of the 2024 fiscal year.

Despite economic challenges such as an unstable exchange rate, the command processed 5,891 containers, reflecting a robust increase in trade activity with a total export value of approximately $236 million. This marks a significant growth compared to the same period in 2023, with a 44% increase in processed containers and a 42% surge in export value.

In detail, agricultural produce led with 4,229 containers generating over $153 million, showcasing the sector’s strong contribution to the economy. Manufactured goods followed with 629 containers, contributing roughly $22 million. The solid and extractive minerals sector also showed notable growth, with 753 containers valued at about $34 million. Additionally, exports of other goods, including machinery and personal effects, amounted to over $26 million from 280 containers.

The Command also saw a 114% increase in Nigeria Export Supervision Scheme (NESS) payments, reaching ₦1.39 billion, signaling enhanced compliance and revenue generation. Ajibola Odusanya emphasized the importance of collaboration with stakeholders such as the NPA, NAFDAC, and the Nigeria Export Promotion Council in improving operational efficiency and reducing cargo clearance times.

Expressing gratitude for the unwavering support from all partners, Odusanya reaffirmed the command’s commitment to promoting effective trade practices under the visionary leadership of Comptroller General Bashir Adewale Adeniyi MFR, aiming to ensure continued economic prosperity and effective trade facilitation.

Leave a Reply