Tariff hike shrinks Customs revenue

Volume of transit goods passing through Seme border has been reduced significantly due to high tariffs charged by the Nigeria Customs Service (NCS).

It was learnt that the tariffs charged at the border had gone up by 150 per cent within the Lagos-Abidjan corridor.

This has also affected NSC’s revenue in the first quarter of the year.

Chairman, Association of Nigerian Licensed Customs Agents (ANLCA), Seme chapter, Alhaji Lasisi Fanc, said that the upward review of the value of imported goods by the Customs’ tariff and trade unit was not favourable to importers and clearing agents.

He noted that most of their members had been rendered redundant due to low business at the corridor.

Also, the NCS’s Public Relations Officer at Seme Border Command, Mr Taupyen Selchang, complained that the low economic activities through the corridor had affected importation of general goods.

Selchang said in Lagos that the development had drastically reduced revenue generated by the command.

He said: “The downward trend in economic activities in March 2017 resulted to very low revenue of N474.52 million generated by the command.

“The command also recorded 62 seizures with a Duty Paid Value (DPV) of N25.74 million in the period under review.”

It was reported that the command generated N773.1 million in February 2017.

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