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Home Articles Business and Finance

Onne port generates over N242bn revenue in 2022

Sodiq Adewale Chocomilo by Sodiq Adewale Chocomilo
January 27, 2023
in Business and Finance
Reading Time: 1 min read
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Nigeria Customs Service Area 2 Command, Onne Seaport in Rivers has generated a total sum of N242,090,629,309.29 in the 2022 fiscal year.

This was disclosed on Thursday in Onne by the Comptroller, Auwal Muhammad during his official handing over to the newly deployed Comptroller, Baba Imam.

Muhammad said that the figure represented an increase of 28.3 per cent.

Highlighting some of the command’s achievements, Muhammad attributed his administration’s success to robust synergy among officers and relevant stakeholders in the command.

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According to him, the Nigerian Customs Service, Onne port was a revenue-generating command with statutory function covering vast anti-smuggling activities and also serving as an export point for goods.

“Comparatively, when I took over in Sept. 2020, a total revenue of N118 billion was generated by the command, and in 2021, an improved revenue to the tune of N188.6 billion representing more than N54 billion increase was generated by the command.

“This constant increase became possible following the introduction of improved revenue generation structures which has enabled the command achieve as much as the total sum of N242,090,629,309.29 in 2022,” he said.

The Comptroller also attributed the successes so far recorded to aggressive operational activities where all cargoes are subject to 100 per cent examination except where interventions became necessary.

“Our ability to thoroughly examine containers has also helped us prevent passage of contraband and unwholesome goods, as well as record high profile seizures by the command.

“The command recorded a total of 51 seizures with a duty paid value amounting to N1,764,303,008.9 in 2022,” he added.

Responding, the new Comptroller promised to leverage on existing cooperation aimed at promoting the agency’s mandate.

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