Tag Archives: Generates

Customs Generates N1.07bn In Seme

Posted on by
1

The Seme Command of Nigeria Customs Service on Monday said it generated N 1.07 billion revenue in February.

Controller for the command, Victor Dimka, disclosed this in an interview with the News Agency of Nigeria (NAN) in Seme.

Dimka said that the revenue for the period was N 172.6 million higher than N 899.8 million generated in the corresponding period in 2015.

“When I came to this command in January, one of the promises I made was that I would collect maximum revenue and suppress smuggling to its barest minimum.

“ I am glad we have started achieving that; the command generated N1,072,484,462.82 as revenue in the month of February.

“This is the first of its kind in the month of February since the creation of the command.

“We were able to achieve this in spite of the prevailing high exchange rate, the strike by the Nigerian Ports Authority and the Customs in the Republic of Benin and protest on implementation of unifying ex-factory price,’’ he said.

Dimka added that the command made 55 seizures with a Duty Paid Value (DVP) of N15.6 million and arrested six suspects during the period.

He attributed the achievement of the command to the commitment of the management team, stakeholders and the members of the community.

“It is easy to attain success, but not easy to maintain success, therefore all hands must be on deck to maintain and exceed the current record,’’ he said.

Credit: NAN

Nigeria Customs Generates N777.2 Million In Seme

Posted on by
1

The Seme Command of Nigeria Customs Service (NCS) on Tuesday said it generated N777.2 million revenue in August.

The spokesman for the command, Selechang Taupyen, told the News Agency of Nigeria (NAN) in Seme that the revenue figure was N146 million higher than the N631 million generated in July.

“In the month of August, we generated much more than the previous month because trading activities were a bit higher.

“Since we are approaching the end of the year, our revenue generation would get higher and we will definitely meet up to the monthly target of N1.1 billion,’’ he said.

Taupyen disclosed that the command generated N9.6 billion in 2014, adding that the figure was N3.4 billion less than the N13 billion targeted for the year.

Read More: premiumtimesng

FIRS Generates N1.8tn Tax In Six Months

Posted on by
Reply

The acting Executive Chairman of the Federal Inland Revenue Service (FIRS), Mr. Sunday Ogungbesan, yesterday disclosed that the service had generated a whopping N1.842 trillion from taxes into the federation account in the first half of the year.

Ogungbesan made this disclosure yesterday while briefing the Senate President, Bukola Saraki, on the performance of the agency in the last six months.He was accompanied to the meeting by members of the senior management team of the agency.

However, he disclosed that the figure was a far cry from what is accruable into the nation’s treasury, observing that the numerous social, political and economic challenges confronting the nation have been impeding the flow of revenues into the federation account.

Giving a breakdown of the income, Odugbesan said the agency realized N697 billion as Petroleum Profit Tax; N778 billion as the Company Income Tax and N376 billion as Value Added Tax (VAT).

According to him, the agency was still expecting between N12 billion and N15 billion as import VAT from the Nigerian Customs Service (NCS), adding that the annual target of FIRS in the oil and gas sector is N1.4 trillion with additional N123.74 billion as its monthly target.

Furthermore, the FIRS boss said whereas N150 billion was collected from the oil sector in January and February, the figure went down to N93 billion in March.

Read More: thisdaylive