FCT Customs generates N513.8m in Q1



The FCT Area Command of the Nigeria Customs Service (NCS) yesterday said it collected N513.8 million revenue in the first quarter of 2014.
This was contained in a document obtained by the News Agency of Nigeria (NAN) from the NCS Area Command in Abuja.
The document stated that N126.3 million was collected in January, while N169.2 million was collected in February and N218.3 million in March.

It stated that out of the amount generated in the period under review, N319.2 million was remitted into the Federation Account, while N194.6 million was remitted to non-federation account.
The revenues, the document stated, were generated from duties, fees and levies, which made up the amount remitted to the federation account and non-federation account.
It said N311.2 million was collected on import duties, N4.9 million from Common External Tariff (CET) levy, while N3.1 million was collected from fees and penalties.

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