PTML Customs Command Records N224bn Revenue In 2021

The Ports and Terminal Multiservices Limited (PTML) Command of the Nigeria Customs Service has said that it generated a total of N 224,470,113,733.00 as revenue in the year 2021.

Briefing journalists in Lagos on Wednesday, the Customs Area Controller, Compt Festus Okun said the figure represents an increase of 19pper cent compared to the year 2020.

According to him, the revenue was a huge success for the Command as it showed an increase of N35,122,548,424.00 when compared with the total revenue generated in the year 2020 which was just N189,347,565,309.00.

The PTML is the biggest Roll-on Roll-off vehicle importing terminal in Nigeria, including machinery and equipment.

In terms of export trade, the Command handled export goods with a total tonnage of 199,487 metric tons, with a total Free on Board (FOB) value of N132,451,819,641.62.

Speaking, Compt Okun said “In the area of anti-smuggling activities, the Command made some seizures in the year under review. The Seizure comprised of four (4) containers ; (3x40ft & 1x20ft) which were found to contain bags of rice, vegetable oil, drinks, vehicles, pharmaceutical product and among others with a duty paid value of Fifty-five million, five hundred and twenty-nine thousand, two hundred and eighty-five naira (N55,529,285.00) only.

“The seizures were affected because the importations were done in contravention of extant laws. Vegetable oil is listed under Schedule III of the Common External Tariff (CET) Prohibition (Trade)”

The PTML Customs Boss revealed that the command under his watch enjoys robust corporation and working relationships with various government agencies operating in the Command.

“These are agencies like the Nigeria Police, NDLEA, NAFDAC, SON, NESREA among others. We have effectively functioned as the lead agency towards “ease of doing business” in the port. This has greatly contributed to the efficiency in service delivery”

“The Command has continued to maintain a cordial relationship with the various stakeholders like importers, exporters, licensed customs agents, freight forwarders and others. Regular meetings were held with our critical stakeholders where issues affecting various segments of the supply chain were well discussed and solutions proffered.

“Furthermore, the forum served as a platform through which compliance was being preached and feedback received. Through these engagements, we were able to operate in an atmosphere that was conducive for trade and accomplishment of our Service goals”, he said.