The Port and Terminal Multi-Services Limited, PTML Command of Nigeria Customs Service has recorded a peak in its monthly revenue generation in the month of July, 2023.
Monthly revenue collections of the command have been on the downward trend from January till June save for April when compared to the corresponding period last year.
However, it suddenly picked up in July by over 16%.
In July the command recorded the highest revenue in recent time totalling N30,521,094,200.12 against N25,389,607,638.00 collected in July last year.
A comparative analysis of revenue generated by the command from January to July 2022 and 2023 made available by the Public Relations Officer of the command, Mr. MA Yakubu, revealed as follows.
In January this year, the command headed by Comptroller SA Yusuf generated a total sum of N14,748,081,466.31 against the N15,713,776,798.00 raked in last year. This is a shortfall of 6.1%.
The command also recorded a revenue collection of N13,129,893,878.68 in February against N14,075,386,963.00 realized in the same month last year. This is a shortfall of 6.7%.
In March, the command generated a total revenue of N15,843,240,431.00 while it recorded N21,840,828,908.00 in March last year. The shortfall stands at 27.5%.
However, the command achieved a pick in revenue collection in April when it realised N20,336,525,890.18 against against April last year’s N16,357,509,497.00. This is an improvement of 24.3%.
In May the command’s revenue collection nosedived again recording N19,840,538,581.98 against N22,550,759,092.00 achieved in the corresponding month last year.
The June revenue collection of the command fell with a thud like Lucifer from N27,029,957,255.00 last year to N17,082,818,253.16. This represents a shortfall of 36.8%.
In all, the command’s total revenue generation for January to July this year is N131,502,192,701.31 while it recorded a total sum of N142,957,826,151.00 in the same period last year. This reveals a shortfall of N8.7%.
