By Chinonye Anyatonwu
The Apapa Command Service has raised alarm over massive drop in revenue accruable on bulk cargo imported into the country through the Lagos Ports Complex (LPC) Customs Area Controller of the command,
Compt. Willy Egbudin raised the alarm when members of the Maritime Correspondent Organization of Nigeria (MARCON) paid a courtesy visit to the command in Lagos, recently.
Compt. Egbudin reiterated that Apapa Port is notable for bulk cargo importation, but lamented that in the last couple of years, there has been a sharp drop in volume of cargo imported through the port, which also affected revenue collection.
The former Lilypond and Seme Customs command boss pointed out that from the figure collected so far, bulk cargo accounted for N5.6 billion revenue collected for January 2016.
The command boss described the N5.6billion collected as a lean figure when compared to figures for the corresponding years and other importation generated by the command which stood at N17.7billion.
In 2014, he said the command realized N301 billion as revenue, but in 2015, it slightly came down to N288 billion and an estimated N400 billion target is given the command annually.
“Since we realize that the bulk cargoes are no longer coming the way it supposed to be, we are now looking inwards to ensure that revenue are not lost in other goods”
“We are now making even more revenue in containerized and other cargoes imported to Apapa port,” he said.
Compt Egbudin noted that Tin-Can island port handles over 60 percent of containerized imports while Apapa Ports handles less than 40 percent of the same time.
Egbudin stated that the target set aside for the command might be difficult to achieve, but he assured that the command will do it’s best to ensure that substantial amount or revenue is generated for the federal government.
Further speaking, he added that between February 1st and 15th, 2016, the command has already collected a whooping N10.7 billion stressing that the second month of every year is always difficult, adding that exchange rate is biting hard on importers.