• Fri. Feb 23rd, 2024

CUSTOMS: PTML Command Achieves Record Revenue Of N256.3 Billion In 2023, Surpassing 2022 Figures

The Port Terminal Multiservice Limited (PTML) Command of the Nigeria Customs Service has celebrated a commendable milestone in revenue collection for the year 2023, exceeding the achievements of the previous year.

The announcement came through a press release today from CSC Hammad Yakubu, the Public Relations Officer of the PTML Command. Under the leadership of Customs Area Controller Comptroller Saidu Abba Yusuf, the command accomplished a remarkable feat by collecting a total of N256.3 billion, marking an impressive 12 percent increase over the 2022 revenue.

Comptroller Yusuf underscored the significance of the 2023 collection, emphasizing the robust growth trajectory demonstrated by the N26.9 billion surge compared to the preceding year. He attributed the success to the command’s commitment to fulfilling core mandates, including revenue generation, trade facilitation, anti-smuggling activities, and national security.

A detailed comparative analysis spanning January to December 2022 and 2023 highlighted a consistent positive trend, with an overall 12 percent increase in revenue. The PTML Command demonstrated unwavering dedication to enhancing revenue streams, evident in improvements observed across various months.

In the domain of export trade, the PTML Command handled a substantial volume of goods, amounting to 159,314.23 metric tons valued at N49.98 billion in Free on Board (FOB) terms during 2023.

The command’s anti-smuggling efforts yielded significant results, unveiling attempts to smuggle arms, ammunition, expired goods, and mis-declared items. Seizures included containers falsely declared as vehicles containing used household items, concealed firearms, expired tomato concentrates, and illicit pharmaceuticals.

Enforcement actions led to the arrest of five suspects, with a total duty paid value (DPV) of N158.4 million.

PTML Command maintained an efficient three-hour clearance time for compliant traders, ensuring a seamless trade facilitation process. The establishment of a dispute resolution committee contributed to the prompt resolution of trade disputes.

Active engagement with strategic stakeholders and partners, including government agencies such as NDLEA, NAFDAC, SON, NPA, NESREA, and NAQS, showcased the command’s commitment to collaboration. Regular meetings served as platforms for discussing supply chain issues, sharing intelligence, and preventing revenue loss.

Comptroller Yusuf expressed gratitude to the Comptroller General of Customs, Bashir Adewale Adeniyi MFR, and the entire management team for their unwavering support and leadership.

The exceptional performance of the PTML Command reflects a steadfast commitment to excellence, efficiency, and collaboration, solidifying its position as a key player in trade facilitation and revenue generation for Nigeria.

Hyacinth Beluchukwu Nwafor

Hyacinth Beluchukwu Nwafor is a seasoned journalist and the CEO/Founder Belch Digital Communications, publishers of Hybrid News Nigeria.

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