Revenue collection increased by 50% to N67bn in Q1, says customs PTML command

The Port Terminal Multiservices Limited command of the Nigeria Customs Service says it collected N67 billion as total revenue for the first quarter of 2024.the N44.7 billion collected between January and March 2023.

Saidu Abba Yusuf, customs area controller of the PTML, described the increase in revenue collection as a laudable feat.He said the command is committed to trade facilitation and supporting the government’s drive to ensure ease of doing business. “PTML command has potentials to achieve two hour cargo clearance and surpass its existing three hours record if port users compliance level is improved upon,” the area controller said.“For the second quarter and first half of the year, officers are enjoined to maximally deploy available technology and rededicate themselves to the job to achieve more.

The area controller advised importers and their agents to take advantage of the incentives available for compliant traders such as fast-track, advance ruling, and possible migration to the authorised economic operator status.Yusuf also reminded port users of the robust and time-conscious dispute resolution mechanism, which has contributed immensely to the revenue collection, trade facilitation and anti-smuggling functions of the command.

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