Saturday, April 13Nigeria's Authoritative Maritime News Magazine

Declining Oil Receipts: Apapa Customs Comes to the Rescue?

Indications are rife that the Nigeria Customs Service under the leadership of Adewale Adeniyi may have risen up to the challenge as President Bola Ahmed Tinubu intensifies his effort to bolster the revenue base of Nigeria’s finances.

This cheery news came to the fore yesterday when the Customs Area Controller of the premier Port of Apapa, Compt Jide Jaiyeoba told Maritime Editors that his Command would rake in at least N1.5tr into the Federation account by the end of December. Compt Jide Jaiyeoba who spoke yesterday in Apapa revealed that this feat was on account of the pragmatic leadership put in place by CGC Wale Adeniyi. He put the monthly revenue generated by the Command at average of over N110b.

In past couple of months, receipts from the NNPC has continued to dwindle on account of the epileptic global market forces in the oil and gas sector. But the Apapa Customs helmsman revealed that despite the decline in cargo throughput occasioned by the high exchange rate, his Command was coasting home to achieve the N1.5tr target for the year 2023.