29
Jul
The Nigeria Customs Service (NCS) has announced its mid-year performance report, highlighting its achievements in revenue collection, trade facilitation, and societal protection. Despite challenges, the NCS has surpassed its half-year revenue target of N2.54 trillion, collecting N2.74 trillion, an 8% increase. Key initiatives contributing to this success include the e-auction platform and the 90-day duty payment window for uncustomed vehicles. The NCS has also intensified its anti-smuggling operations, making 2,442 seizures with a Duty Paid Value of N25.52 billion. Trade facilitation remains a priority, with the NCS processing 620,467 Single Goods Declarations despite a decline in transactions. The Service has…