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PTML Customs Command Generates N66.9b In Q1 2024, Targets 2-hour Clearance Time For Vehicles
PTML Customs Command generates N66.9 billion in Q1 2024, which is 46.9 percent higher than revenue in Q1 2023.
Targets 2-hour clearance time for vehicles. Aims to surpass its record of 3-hour cargo clearance for compliant traders.
Comptroller described PTML as one of the safest and most secure environments for Roll On Roll Off (RoRo) and general cargoes.
The Port Terminal Multiservices Limited (PTML) Command of the Nigeria Customs Service (NCS) says it collected nearly N67 billion (N66,920,181,586.30) as total revenue during the first quarter of 2024.
The Customs Area Controller (CAC) of the command, Comptroller Saidu Yusuf, made this known in a press statement signed by the Command’s Spokesperson, Chief Superintendent of Customs Muhammad Yakubu, on 13 April 2024.
According to the Command, the revenue generated during the Q1 2024 is N22,198,965,809.55 or 46.9 percent higher than N44,721,215,776.75 collected between January and March of 2023.
Describing the increase in revenue collection as a laudable feat, Comptroller Yusuf commended the Comptroller General of Customs, Bashir Adewale Adeniyi for initiating strategies to achieve faster cargo clearance.
He also assured that PTML Command under his watch aims to surpass its record of three-hour cargo clearance for compliant traders.
“The launching of time release study (TRS), which is ongoing, and other deliberate efforts by the Comptroller General have contributed to expanding terminal space and promoting ease of doing business in PTML.
“The PTML command has the potential to achieve two-hour cargo clearance and surpass its existing three hours records if port users compliance level is improved,” he said.
Comptroller Yusuf described Port Terminal Multiservices Limited (PTML) as one of the safest and most secure environments for Roll On Roll Off (RoRo) and general cargoes.
He advised importers and their agents to take advantage of the incentives available for compliant traders such as fast track, advance ruling and possible migration to the Authorised Economic Operator (AEO) status.
Comptroller Yusuf further described the smuggling of vehicles through unapproved roads into Nigeria as unpatriotic and an act of economic sabotage. He noted that the command has the capacity for seamless and efficient processing of such automobile cargoes.
He also reminded port users that there is increased anti-smuggling vigilance to uncover concealment such as under declaration and smuggling of prohibited items. The CAC added that any discovered infraction will fully evoke the Nigeria Customs Service Act (NCSA) 2023, where there are spelt-out penalties.
