By using this site, you agree to the Privacy Policy and Terms of Use.
Accept
Apex NewsApex News
Notification Show More
Latest News
IMO Applauds Nigeria’s Maritime Security Gains, Deep Blue Project, And Blue Economy Policy
Maritime Agencies
Abuja’s Centrality, Agro-Allied Potentials Strategic To Boosting Nigeria’s Non-Oil Revenue,Says Dantsoho, NPA MD
Maritime Agencies
NPA Assures Continuous Promotion Of Port Eco-Friendliness
Maritime Agencies
FG Urges Innovative Financing To Drive Marine and Blue Economy
Maritime Agencies
World Maritime Day: Oyetola Harps On Ocean Stewardship, Highlights Blue Economy Potential
Maritime Agencies
Aa
  • Home
  • News
  • Business
  • Maritime
  • Politics
  • Sports
  • Personality Interviews
  • Features
  • Photospeak
  • Interview
Reading: Customs Nets 116bn At Tincan In January, Sensitize Stakeholders On Implementation Of 4% FOB, B’Odogwu.
Share
Aa
Apex NewsApex News
  • Home
  • News
  • Maritime
  • Business
  • Politics
  • Features
  • Sports
  • Interview
  • Personality Interviews
  • Photospeak
Search
  • Home
  • News
  • Maritime
  • Politics
  • Sports
  • Business
  • Features
  • Photospeak
  • Interview
  • Personality Interviews
Follow US
  • Privacy Policy
  • About Us
  • Advert Rate
© Apex News. All Rights Reserved | Site Developed by OutsourceNow.ng
Apex News > Uncategorized > Customs Nets 116bn At Tincan In January, Sensitize Stakeholders On Implementation Of 4% FOB, B’Odogwu.
Uncategorized

Customs Nets 116bn At Tincan In January, Sensitize Stakeholders On Implementation Of 4% FOB, B’Odogwu.

Admin
Last updated: 2025/02/10 at 6:22 PM
8 months ago 4 Min Read
Share
4 Min Read
SHARE

By Andrew Utulu

The Nigeria Customs Service (NCS), Tincan Island Command, has said that in its continuous effort and renewed drive to bring stakeholders up to speed on some of the emerging policies of the NCS, the Customs Area Controller Tincan Island Port Command Comptroller Frank Onyeka has successfully engaged a broad spectrum of stakeholders.

These include importers, Customs brokers, shipping agents, and other key players in the trade sector.

The essence was to sensitize them on the implementation of the 4% Free on Board (FOB) levy and the new Unified Customs Management System known as B’Odogwu.

The interactive sessions, which were held in the Command last Thursday, February 6 and Friday February 7, 2025, brought together experts from both the private and public sectors., and created an open forum for dialogue on the operational implications of these new initiatives. He noted that these developments are aimed to streamline Nigeria’s Customs processes while improving efficiency and transparency within the trade and importation landscape.

The Area Controller emphasized the importance of these reforms, particularly the 4% FOB levy, which applies to the value of goods at the point of import. According to him, the 4% FOB levy which was provided for in Section 18 of the Nigeria Customs Service Act 2023 was expected to boost the operational efficiency of the service in line with International best practices.

Additionally, he stated that the introduction of the B’Odogwu Clearance System was highlighted as a step towards modernizing the Customs clearance process, reducing bottlenecks, and enhancing compliance, noting that the scheme would soon be launched in the Command.

He also disclosed that In January 2025, the Command successfully generated a total of N116,412,735,766.23. This, he said represented a significant increase, when compared to the amount collected in January 2024, which was N88,430,126,122.76. The difference between the two figures is N27,982,609,643.47, which corresponds to a 24.06% increase year-over-year.

Comptroller Frank expressed optimism regarding the continued growth, stating that the Command was on track to surpass its 2025 annual target of N1,524,699,999,478.52, as he is taking adequate steps to maintain the momentum throughout the year.

On some of his reforms introduced in the Command so far, Comptroller Onyeka said he is creating a more trade-friendly environment for all port activities to strive. He reiterated that the era of multiple alerts was over and stressed that honest declarations and thorough examinations must be emphasized.

He promised to continue to engage with stakeholders, as this is a crucial part of ensuring the success of these initiatives,”  “Through constant collaboration and feedback, we aim to address concerns, foster a better understanding of the processes, and ultimately ensure smooth implementation of these policies.”

The directives from the Comptroller General of Customs Bashir Adewale Adeniyi, to initiate these consultations underscores the commitment of the service to transparency, effective communication, and partnership with stakeholders as it navigates through the evolving landscape of international trade.

 

You Might Also Like

Compt Anani Tasks PTML Stakeholders On Compliance, Pledges Open Door Policy

Comptroller Adenuga Becomes New     Customs Area Controller At Seme Border Command

 How ACG Olomu’s Leadership At Apapa Port Powered Customs’ Record N3.7trn Revenue Surge

B’Odogwu Platform: Customs Generated N161bn At Apapa Premier Port In Three Weeks

 War Against Smuggling: Shuaibu Make Massive Seizures, Arrest 13 Suspects At FOU Zone ‘A’  

TAGGED: B’Odogwu, Comptroller Frank Onyeka, Nigeria Customs Service
Admin February 10, 2025
Share this Article
Facebook Twitter Email Print
Previous Article BPE Lauds APM Terminals For Advancing Nigeria’s Port Efficiency, Trade Growth
Next Article Apapa-Moniya Standard Gauge: APM Terminals Sets Sights On Sustained Schedule
Leave a comment

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Trending

IMO Applauds Nigeria’s Maritime Security Gains, Deep Blue Project, And Blue Economy Policy
Maritime Agencies
Abuja’s Centrality, Agro-Allied Potentials Strategic To Boosting Nigeria’s Non-Oil Revenue,Says Dantsoho, NPA MD
Maritime Agencies
NPA Assures Continuous Promotion Of Port Eco-Friendliness
Maritime Agencies
FG Urges Innovative Financing To Drive Marine and Blue Economy
Maritime Agencies
World Maritime Day: Oyetola Harps On Ocean Stewardship, Highlights Blue Economy Potential
Maritime Agencies
Dantsoho Pledges Globally Competitive, Digitally Driven Port System For Nigeria Before UN Assembly
Maritime
Customs Moves To Scan 200 Containers Per Hour At Apapa Command
Customs
Roadmap For Electrification: APM Terminals Signs MOU With NPA In New York
Maritime
Compt  Eldedouk Decorates AC Francis Ogbemudia With New Rank
Customs

© Apex News. All Rights Reserved | Site Developed by OutsourceNow.ng

  • Privacy Policy
  • About Us
  • Advert Rate

Removed from reading list

Undo
Welcome Back!

Sign in to your account

Lost your password?