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Tincan Customs generates N179.2bn from Jan. 2 to July 10

The Tincan Island Port Customs Command has generated N179.2billion between Jan. 2 and July 10, 2019, up from N172.5 billion realised in the corresponding period in 2018.

The Customs Area Controller (CAC) of the command, Comptroller Mohammed Musa, made the disclosure in a statement on Friday in Lagos.

Musa said the above figure represented 52.2 per cent of the annual target with a difference of N6.7 billion increase from what the command generated between January and July 10, 2018.

According to him, there is urgent need for balance of trade through Export, the command, during the period under review embarked on full automation of export procedures as a panacea for seamless transactions.

To this effect, Musa said the Command achieved a total of 150,930.7 metric tonnes of Export with Free On Board (FOB) Value of N68.8billion.

He recalled that the command, during the preceding year of 2018, recorded 118,452.87 metric tonnes  of Export with FOB of N63,1 million in the period under review.

The command boss said that the feat recorded in the area of export is clearly indicative of awareness by Stakeholders on the available opportunities inherent in export business,

 

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