Apapa customs generates n165bn at half year
That's a significant revenue figure!
According to the report, Apapa Customs Command has generated a whopping N165 billion in revenue at the half-year mark. This is a remarkable achievement, considering the challenges the command has faced in recent times, including congestion, corruption, and other operational issues.
Here are some possible factors that could have contributed to this impressive revenue performance:
- Improved efficiency: The command may have implemented new strategies to streamline its operations, reduce clearance times, and increase the number of containers cleared daily.
- Increased trade activities: The Apapa port is a major gateway for international trade in Nigeria, and an increase in trade activities could have contributed to the higher revenue generation.
- Effective risk management: The command may have implemented robust risk management strategies to identify and mitigate potential revenue leakages, ensuring that more revenue is collected.
- Enhanced collaboration: The command may have strengthened its collaboration with other agencies, such as the Nigeria Customs Service (NCS), the Nigerian Ports Authority (NPA), and the Federal Inland Revenue Service (FIRS), to share intelligence and best practices.
It's worth noting that this revenue figure is a significant improvement over the previous year's performance. In 2020, the Apapa Customs Command generated N93.4 billion in revenue for the entire year, which means that this year's half-year revenue is already higher than the previous year's full-year revenue.
Overall, this achievement is a testament to the hard work and dedication of the Apapa Customs Command and its stakeholders. It's a positive development for the Nigerian economy, as it indicates an increase in trade activities and revenue generation.