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Home Economy

Customs Records N47.4 Billion Revenue on Importation in Nine Months of 2023

Stephen Akudike by Stephen Akudike
September 21, 2023
in Economy
Reading Time: 2 mins read
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Customs Records N47.4 Billion Revenue on Importation in Nine Months of 2023
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The Nigeria Customs Service’s Oyo/Osun Area Command has achieved a significant milestone by collecting an impressive N47.4 billion in revenue from importation between January and September of 2023. This remarkable accomplishment was proudly announced during the official handover ceremony at the command’s headquarters in Ibadan, Oyo State.

During the ceremony, the outgoing Customs Area Comptroller of the command, Babajide Jaiyeoba, shared this extraordinary achievement, highlighting the dedication and hard work of the command’s personnel. Alongside the outstanding revenue collection, Jaiyeoba also revealed that the command had successfully seized prohibited goods with a combined duty-paid value of N308 million over the course of the past nine months. He further noted that the command, under his leadership, not only met but exceeded the revenue target set for 2022.

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In his address, Jaiyeoba expressed heartfelt gratitude to the officers and staff of the command, acknowledging their professionalism, cooperation, and unwavering commitment. He emphasized that these qualities were instrumental in the command’s ability to achieve its objectives and surpass revenue targets. He concluded by urging all officers to maintain their teamwork and dedication, ensuring that they operate within the bounds of the law and extend the same level of cooperation to his successor.

Assuming the role of the incoming Comptroller of the Oyo/Osun Area Command, Ben Oramalugo, underscored the core responsibilities of customs officers, which include revenue generation, trade facilitation, and the suppression of smuggling activities. Oramalugo affirmed his commitment to upholding these mandates, emphasizing their vital role in the command’s operations.

He earnestly called upon all officers to extend to him the same level of cooperation and support that had been generously given to his predecessor, Babajide Jaiyeoba. Oramalugo stressed that such collaboration was pivotal in achieving the command’s set objectives and in striving for even greater accomplishments in the future.

The remarkable achievement of the Nigeria Customs Service’s Oyo/Osun Area Command in collecting N47.4 billion in revenue from importation during the first nine months of 2023 reflects the dedication of its personnel and their commitment to their roles in trade facilitation, revenue generation, and the enforcement of customs regulations. These accomplishments also underscore the command’s positive contribution to regional economic stability and security.

Tags: Babajide JaiyeobaBen Oramalugocustoms enforcementeconomic contributionsfiscal performanceimportationNigeria CustomsNigerian customs regulations.Oyo/Osun Area Commandrevenue collectionsmuggling suppressionTrade Facilitation
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