PTML Command of the Nigeria Customs Service Surpasses 2022 Revenue, Collects N256.3 Billion in 2023

Joyce Mmereole Okoli

The Port Terminal Multiservice Limited (PTML) Command of Nigeria Customs Service has announced a remarkable achievement in revenue collection for the year 2023.

This information was made known to the public In a press release today by the Public Relations Officer of the Command, CSC Hammad Yakubu.

The command, under the leadership of Customs Area Controller Comptroller Saidu Abba Yusuf, collected a total of N256.3 billion, surpassing the 2022 revenue by an impressive 12 percent.

Comptroller Yusuf highlighted that the 2023 collection of N256.3 billion is a significant increase of N26.9 billion compared to the previous year, demonstrating a robust growth trajectory.

He emphasized the success of the command in fulfilling its core mandates, including revenue generation, trade facilitation, anti-smuggling activities, and national security.

A comparative analysis of revenue generated between January and December 2022 and 2023 reveals a consistent positive trend, with an overall increase of 12 percent. Noteworthy improvements were observed in various months, reflecting the command’s commitment to enhancing revenue streams.

Export Trade and Anti-Smuggling Activities:

In the realm of export trade, the PTML Command handled a substantial volume of goods, with a total tonnage of 159,314.23 metric tons, valued at N49.98 billion in Free on Board (FOB) terms during 2023.

The command’s anti-smuggling efforts yielded significant results, uncovering attempts to smuggle arms, ammunition, expired goods, and misdeclared items. Seizures included containers with used household items falsely declared as vehicles, concealed firearms, expired tomato concentrates, and illicit pharmaceuticals.

The enforcement actions led to the arrest of five suspects, with a total duty paid value (DPV) of N158.4 million.

Trade Facilitation and Stakeholder Engagement:

PTML Command maintained an efficient three-hour clearance time for compliant traders, ensuring a smooth trade facilitation process. The establishment of a dispute resolution committee contributed to resolving trade disputes promptly.

The command actively engaged with strategic stakeholders and partners, fostering collaboration with government agencies such as NDLEA, NAFDAC, SON, NPA, NESREA, and NAQS. Regular meetings served as platforms to discuss supply chain issues, share intelligence, and prevent revenue loss.

Comptroller Yusuf expressed gratitude to the Comptroller General of Customs, Bashir Adewale Adeniyi MFR, and the entire management team for their support and leadership.

This impressive performance by PTML Command reflects a commitment to excellence, efficiency, and collaboration, positioning it as a key player in trade facilitation and revenue generation for Nigeria.