The Command is saddled with the responsibility of trade facilitation, revenue generation and the enforcement of fiscal policy with an anticipated revenue target of N55 Billion for the current year (2023).It has taken steps to invigorate its revenue drive by encouraging shipping companies and other critical stakeholders who had up to this period overlooked the command as a strategic destination of choice for incoming and outgoing cargoes.IMPORTSo far, in the first quarter,
The Kirikiri Lighter Terminal Command of the Nigeria Customs Command has generated a total of NIO,572,518,271 revenue in the first quarter of 2023, Area Controller of the command, Compt. Timi Bomodi has announced. This amount, according to the controller represents 76.87% of its expected revenue for the quarter.
The command has an anticipated revenue target of N55 billion for this year and expectedly N13.75 billion for each quarter.
Compt. Bomodi acknowledged the impact of monetary policy changes and the effect of exchange rates on business, which the overall effect has been a downturn in import volume, hence the Command’s performance.
However, he assured that all hands are on deck to safeguard and protect all revenue accruable from import and export trade. He hinted that the effect of this were the Demand Notices to the tune of N68.5m raised to shore up the shortfall in revenue.
On export, the controller explained that prior to this period, the command was used as a transit hub for exports. However, he stated that since the establishment of an export processing terminal, all export procedures have since commenced in the Command with an anticipated uptick in export volume.
“The first quarter of 2023 also saw the establishment of a clinic for the Command which was commissioned by the ACG Zone ‘A’ on behalf of the CGC, this has significantly contributed to the well-being of Officers as all health-related challenges are given prompt attention before they are referred to other facilities.
“Kirikiri Lighter Terminal Command has a strategic advantage over other ports in Lagos, its unique location allows for immediate entry and exit, unlike other ports where there is an average waiting time of seven days,” he said.
Compt. Bomodi lamented that the major impediment of the command is the draft which restricts the direct berth of sea-going vessels.
He, however, noted that this challenge has recently been overcome with the introduction of ocean-going lighter barges with the capacity of moving over 200 TEU’s.
The controller remarked that given its location the command allows for the easy evacuation of exports and empty containers, a challenge most shipping companies and terminals have difficulties overcoming.
According to him, the command has an installed capacity of handling about 6,000 TEU’s but presently it is functioning at less than 10% of its installed capacity and there is a lot of room for growth. “With the commissioning of a few new terminals and the promise of increased cargo allocation, we are hopeful of a positive turnaround in activities both for imports and exports as we believe that as trade volume increases, so will the revenue profile,” the controller stressed.