Home Business Customs at Tin Can Port Achieve Significant Revenue Growth in January
Business

Customs at Tin Can Port Achieve Significant Revenue Growth in January

Share
Share

Nigeria’s Tin Can Island Port Command of the Customs Service recorded about ₦145.9 billion in revenue for January, marking a significant rise from roughly ₦116.4 billion collected during the same period last year. The increase reflects enhanced collection efforts and improved operational efficiency.

Customs officials attributed the growth to better collaboration with importers, increased compliance, and ongoing reforms aimed at facilitating trade while ensuring lawful practices. Leadership at the port highlighted a focus on a business‑friendly approach that supports smoother cargo flow.

The command also plans to implement a paperless cargo processing system by mid‑2026. This digital system is expected to speed up operations, reduce physical contact during clearance, and boost transparency, while targeted inspections will continue for high‑risk consignments to maintain security and compliance.

Engagement with stakeholders, including media partners, has helped refine customs operations and improve public awareness of the reforms.

The revenue surge signals both stronger economic activity at the port and the benefits of modernisation efforts intended to enhance Nigeria’s ease of doing business.

Share

Leave a comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Related Articles
Business

Dangote Cement Leads Nigeria’s First Commercial Paper Listing on NGX

Nigeria’s capital market marked a new milestone as the Nigerian Exchange Limited...

Business

United Nigeria Airlines Strengthens Measures to Combat Bird Strikes

United Nigeria Airlines has engaged with the Federal Airports Authority of Nigeria...

Business

Nigeria’s Power Sector Under Strain as Unpaid Electricity Bills Hit N6 Trillion

Power generation companies in Nigeria have warned that outstanding unpaid electricity bills...

Business

Nigeria Faces Rising Pressure as World Bank Debt Surges

Nigeria’s borrowing from the World Bank’s concessional lending arm has reached a...