By Ambrose Okehi
***Says Increase Increase in Revenue Was As a Result of Border Closure
The Ports Terminal Multiservice Limited (PTML) Command of the Nigeria Customs Service (NCS) has said it raked in N116 billion from the month of January to the month of September, 2019.
The command also noted that the recent increase in its revenue was as a result of closure of the border by the federal government.
Recall on September 20, 2019, the nation’s land borders were closed due to the increased cased of smuggling recorded within the country through the land borders..
Speaking recently on behalf of the command, the Public Relations Officer (PRO) of the command, Mr. Mohammed Yakubu said that the effect of the closure of the Nigerian borders is being felt at the command as vehicle throughput has now risen from 25 percent to 35 percent.Yakubu who disclosed this in a chat with newsmen in Lagos stated that there had been massive increase in vehicle throughput coming to Lagos ports generally, particularly PTML which according to him had translated to increase in revenue profile of the command.He disclosed that the command has collected a total of one hundred and sixteen billion Naira (N116, 000, 000, 000) in the first nine months of 2019 adding that border closure helped a lot in achieving this feat as can be seen in the revenue collected in the month of August and September.In his words, “It has a great impact because the number of vehicles coming into PTML is highly on the increase. If you look at the revenue profile, the revenue has peaked because we have so far generated N116billion in the last nine months and our annual revenue target is N123 billion. So, with this, I am hoping and I know actually, we are not only going to meet our target but we are going to surpass our target. So, it has a tremendous impact on our revenue profile because vehicles coming into PTML now have risen from 25 percent to 35 percent.”He however assured, contrary to the fears being expressed byport users that PTML management had the capacity to manage the expected furtherrise in vehicle throughput at the terminal as a result of the border closure.