- Friday, May 3, 2024
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The Nigeria Customs Service
(NCS) Command of Port Terminal Multiservices Ltd. (PTML) has reported income of
N66.9 billion for the first quarter of this year.
This was stated yesterday at
a press conference in Lagos by the Customs Area Controller (CAC), PTML Command,
Comptroller, Saidu Yusuf.
The sum, he said, represented
a 49.6 percent increase as it was N22.19 billion higher than the N44.72 billion
generated during the same period in 2023.
While he hailed the rise in
revenue collection as a commendable achievement, Yusuf reiterated the command’s
dedication to facilitate trade and support the government's push for
business-friendly regulations.
He expressed gratitude to
Comptroller-General of Customs, Bashir Adeniyi, for launching initiatives to
expedite cargo clearance.
Under his leadership, he
reaffirmed, PTML command sought to break the three-hour freight clearance record
for cooperative traders.
He said: “The launching of
Time Release Study (TRS), which is ongoing and other deliberate efforts by the
Comptroller General, had contributed to the expansion of terminal space and
promoted ease of doing business in PTML.
“PTML command has potential
to achieve two hour cargo clearance and surpass its existing three hours record
if port users’ compliance level is improved upon.
“PTML is one of the safest
and most secure environments for RoRo (Roll On Roll Off) and general cargoes.”
He urged importers and their
representatives to take advantage of the incentives available for compliant
traders such as fast track, advance ruling and possible migration to the
Authorised Economic Operator (AEO) status.
In addition, the PTML Command
Comptroller recalled the effective and timely dispute resolution process
available to port users in PTML, which had greatly aided the command's ability
to collect taxes, facilitate trade, and combat smuggling.
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