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Customs generates N1.3trn in Q1 2024
The Nigeria Customs Service (NCS) announced that it generated over N1.3 trillion in revenue during the first quarter of 2024.
Adewale Adeniyi, the Comptroller General of NCS, revealed this during a briefing with journalists on Wednesday in Abuja, where he discussed the agency’s activities during the period.
“The total revenue collected during this period amounted to N1,347,675,608,972.75.
“The collection for the first quarter represents a substantial increase of 122.35 per cent compared to the same period last year, where N606,119,935,146.67 was collected,” he said.
He explained that the month-by-month analysis illustrated the service’s impressive growth trajectory in Jan. 2024, where it recorded revenue of N390,824 billion, an increase of 95.6 per cent compared to that of Jan. 2023 of N199.81 billion.
Adeniyi further said that in February, the service recorded 138.68 per cent growth and in March, 132.76 per cent compared to 2023.
According to the CG, the service, within the quarter under review, recorded 572 seizures of various items valued at N10.59 billion in Duty Paid Value (DPV) and 22 suspects were arrested.