In 2023, the Porthacourt Oil & Gas Free Trade Zone Command of the Nigeria Customs Service made a whopping N27 billion in revenue, a 12% increase from the previous year’s N21 billion.
By Odoh Emmanuella Eyebira
Assistant Comptroller of Customs, Hauwa Ahmed, on behalf of Customs Area Controller (CAC) Comptroller Abubakar Umar, in a statement signed on 15th January, 2024, explained that the command optimized unutilized Pre-Arrival Assessment Reports (PAARs) and recovered unpaid assessments.
With additional assessments playing a key role and amounting to N12 billion, Demand Notices (DNs) also contributed N3.3 billion to the total revenue.
While sharing the strategies they employed to boost the revenue, Comptroller Umar said this feat involved intensive training, helping businesses follow the rules, talking with stakeholders, and checking all cargo thoroughly.
He said, “These measures collectively aim to enhance expertise, encourage compliant trade practices, and reinforce adherence to customs regulations for effective revenue management.”
The CAC thanked Comptroller-General, Bashir Adewale Adeniyi, and his management team for creating an enabling environment that contributed to the Command’s remarkable revenue accomplishment.
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Highlighting that in 2023, he acknowledged that they collected more fees compared to the previous year, thus, showing they are doing better.
The statement also recognized the command’s facilitation of key exports, including refined sugar from Bundu Sugar Refinery, fertilizer from Notore Chemical Industries PLC, and LNG from Bonny Island.
Affirming the commitment to sustained excellence, the CAC Oil & Gas commended the collaborative efforts that led to the successful revenue outcome in 2023.
