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Economy

Tincan Island Customs Boosts Economic Outlook with N747 Billion Revenue in H1 2025

AdminBy AdminJuly 5, 2025Updated:July 5, 2025No Comments2 Mins Read
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By Correspondent in Lagos.

The Nigeria Customs Service (NCS), Tincan Island Port Command, has recorded a significant economic milestone with the generation of ₦747.08 billion in revenue in the first half of 2025, reflecting a 29.85% increase over the ₦575.36 billion collected in the same period of 2024.

The Command’s Public Relations Officer, Superintendent Oscar Ivara, announced the figures in a statement issued in Lagos, noting that the command achieved 98.03% of its target for the half-year period.

The Customs Area Controller, Comptroller Frank Onyeka, attributed the impressive revenue performance to improved compliance levels, stakeholder engagement, and the deployment of the new B’Odogwu clearance system.

“The Command has processed 2,749 out of 3,450 Single Goods Declarations (SGDs) submitted under the B’Odogwu platform,” Onyeka stated. “We’ve organized several training workshops—both physical and virtual—to ensure stakeholders adapt smoothly to the system.”

He said that the revenue collection trended upward across the months under review:

January – ₦116.4 billion

February – ₦103.2 billion

March – ₦128.2 billion

April – ₦145.0 billion

May – ₦128.4 billion

June – ₦125.6 billion

According to him, the ₦125.6 billion collected in June 2025 represents a significant rise from the ₦83.19 billion generated in June 2024, highlighting an expansion in import-export activity at the Tincan Island Port.

The Command,he added ,intensified its enforcement operations alongside revenue collection. It seized illicit drugs valued at over ₦8.05 billion, including over 1,000 kilograms of cannabis indica and crystal methamphetamine concealed in two 20-foot containers.

The items were handed over to the National Drug Law Enforcement Agency (NDLEA).

In a separate operation, arms and ammunition concealed within a 40-foot container transporting four used vehicles were intercepted.

The cache include pistols, live and blank ammunition, handcuffs, and tactical gear. The items, along with the consignee and declarant, were transferred to the Department of State Services (DSS) for further investigation.

The performance of the Tincan Island Command reflects increased trade throughput and improved customs efficiency, which economists say are crucial indicators of maritime sector health and Nigeria’s broader economic resilience.

Comptroller Onyeka credited the leadership of the Comptroller-General of Customs, Bashir Adeniyi, recently elected Chairman of the World Customs Organisation (WCO) Council, for setting a standard of professionalism and global engagement.

He urged personnel to maintain vigilance and professional conduct, while commending port users for their collaboration in intelligence-sharing and compliance efforts.
Edited by Dada Ahmed.

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