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The total revenue which the Nigeria Customs Service (NCS) collected from January to August this year was N557,083,996,324.16.
Summary of monthly revenue figure that The Nation obtained from the corporate headquarters in Abuja yesterday, revenue collection rose from N75.6 billion in July to N95.7billion in August.
In June, the service collected N72.7billion, May N57.3, April N57.3 billion, March 61.2billion , February N62.8 billion and N74.3billion in January.
The Public Relations Officer, Mr. Wale Adeniyi said that the rise in revenue was due to the new forex exchange regime following a review from the Central Bank of Nigeria (CBN) that the Service applied in its duty collection.
On the increase in revenue collection in August, he said the service commenced operation of the new policy in July that boosted revenue only a month later.
He said: “As you would expect there was a change in foreign exchange regime. It was a review of the foreign exchange rate which was reviewed by the CBN. And we are using the extant rate applicable to compute the value for the payment of customs duties".
Summary of monthly revenue figure that The Nation obtained from the corporate headquarters in Abuja yesterday, revenue collection rose from N75.6 billion in July to N95.7billion in August.
In June, the service collected N72.7billion, May N57.3, April N57.3 billion, March 61.2billion , February N62.8 billion and N74.3billion in January.
The Public Relations Officer, Mr. Wale Adeniyi said that the rise in revenue was due to the new forex exchange regime following a review from the Central Bank of Nigeria (CBN) that the Service applied in its duty collection.
On the increase in revenue collection in August, he said the service commenced operation of the new policy in July that boosted revenue only a month later.
He said: “As you would expect there was a change in foreign exchange regime. It was a review of the foreign exchange rate which was reviewed by the CBN. And we are using the extant rate applicable to compute the value for the payment of customs duties".
