PTML Customs Recorded N67bn In First Quarter

The Nigeria Customs Service, Port & Terminal Multipurpose Limited Command, has disclosed that it recorded N66.9bn in revenue for the first quarter of 2024.

This was disclosed by the Public Relations Officer of the command, Muhammad Yakubu, in a statement on Saturday.

Yakubu noted that when compared with N44.7bn collected in the same period in 2023, it showed a difference of N22.1bn, representing a 49.6 per cent increase.

The Customs Area Controller in charge of the command, Saidu Yusuf, applauded the increase in revenue collection.

He expressed that the command was more committed to trade facilitation and supporting the government’s drive to ensure ease of doing business.

Yusuf further stated that the launching of the time release study, which is ongoing, and other deliberate efforts by the Comptroller General of Customs, Adewale Adeniyi, have contributed to the expansion of terminal space and promoting ease of doing business in PTML.

He said, “PTML Command has the potential to achieve a two-hour cargo clearance and surpass its existing three-hour records if port users’ compliance level is improved upon."

The PTML Customs boss said the command is one of the safest and most secure environments for roll-on-roll-off and general cargoes.

He advised importers and their agents to take advantage of the incentives available for compliant traders, “such as fast track, advance rulings, and possible migration to the Authorised Economic Operator status”.

Similarly, Yusuf applauded the government and private sector stakeholders for their cooperation and support in achieving the government’s goal of revenue collection and prevention of unlawful activities.