• Tuesday, January 14, 2025
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MMIA Customs sees 135% revenue hike, hits record N71bn in 2024

MMIA Customs sees 135% revenue hike, hits record N71bn in 2024

Muritala Mohammed International Airport (MMIA)

The Murtala Muhammed International Airport (MMIA) Command of the Nigeria Customs Service (NCS) has reached a new financial milestone, generating a record N71.63 billion in revenue in 2024, a 135 percent growth from 2023 when N41.130 billion was recorded.

The figure surpasses the command’s revenue target of N56.86 billion by 20 percent, making it its highest in history.

Effiong Harrison, Customs Area Controller, in an official statement, lauded the performance of his officers as instrumental to the Command’s record achievement. According to him, “The success of this command is a result of the dedication, commitment and adherence to high operational standards by officers and men of the command.”

In July 2024, the command witnessed its biggest haul, raking in N12.08 billion, its highest-ever monthly revenue. July was also particularly fruitful for the Command a decade ago.

Read also: South East Customs see 50% revenue rise in 2024

In the first 7 months of 2015, The MMIA command generated over N20.111 billion as revenue from its operations, collecting over N5.209 billion in the month of July alone.

The Command’s revenue primarily came from duties and taxes collected on imports and exports processed through the MMIA, a significant portion likely originated from the Passenger Baggage Entry System (PBES), which automates the declaration and taxation of goods brought in by international passengers.

Import duties, excise taxes, and levies on goods shipped via air cargo, as well as fines and penalties for non-compliance with customs regulations also serve as revenue generators. The duty payable is calculated based on the tendered invoice value of some items.

Harrison encouraged his officers to maintain high performance in 2025 to meet and surpass the year’s revenue target. “I want to urge the officers to intensify their efforts to maintain these standards in order to generate more revenue into the government coffers in 2025,” he said.

Bethel is a journalist reporting on migration, and Nigeria's diaspora relations for BusinessDay. He holds a Bachelor's degree in Mass Communication from the University of Jos, and is certified by Reuters and Google. Drawing from his experience working with other respected news providers, he presents a nuanced and informed perspective on the complexities of critical matters. He is based in Lagos, Nigeria and occasionally commutes to Abuja.

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