36,000 containers ferried by barge in 2021

A total of 36,000 containers were moved by barge from Tin-Can Island Port (TCIP) to other parts of Lagos State in 2021. The increase in the movement of cargo by waterways has contributed to the increase in revenue collected by the Tin-Can Island Command. The command collected about N493.8 during the year under review. The […]

A total of 36,000 containers were moved by barge from Tin-Can Island Port (TCIP) to other parts of Lagos State in 2021.

The increase in the movement of cargo by waterways has contributed to the increase in revenue collected by the Tin-Can Island Command. The command collected about N493.8 during the year under review.

The Area Controller, TCIP Command, Comptroller Musa Abdullahi who made this revelation in a statement, issued yesterday said the revenue collected in 2021 exceeded the federal government fiscal target of N350 bn with a N143bn surplus which represents a 41.05% increase.

The N493bn figure also indicates an improvement in revenue by N108bn when compared to the 2020 revenue of N385.8bn representing a 28% increase year-on-year.

“In the area of trade facilitation, a new terminal, Classic III Bonded Terminal was opened under Tin Can Island Command improving the cargo throughput and revenue collection of the Command.

In the year under review, a total of 30,441 containers were transferred under the fast track; 58, 234 containers and vehicles were approved for transit from the Mother Port to Bonded Terminals.

Giving 2022 projections for the Command, he expressed optimism that with the approval and implementation of the e-Customs project and its content of digitisation of all customs processes and procedures, projections will include improved performance in the areas of revenue collection, facilitation of legitimate trade, enhance the capacity and skills of officers and men of the Command in line with the CGC’s agenda to reform, restructure and increase revenue collection.