Customs Export Rose by 199% in the Second Quarter – Lilypond Command

(Last Updated On: July 10, 2024)Customs Export Rose by 199% in the Second Quarter – Lilypond Command

The Nigeria Customs Service (NCS), Lilypond Export Command, on Tuesday, said that its Nigeria Export Supervision Scheme (NESS) increased by 199 per cent increase in the second quarter of 2024.

The Comptroller of Customs CAC, Lilypond Export Command, Mr Ajibola Odusanya, made this known during a news conference in Lagos. Odusanya said that NESS payments were a significant rise in 2024 when compared to the same period in 2023.

He said that the command recorded N1.2 billion in revenue in 2024 compared to N478.7 million recorded in the same period of 2023.

He said that, in line with the fiscal policy directive of the FGN, N29.6 million was generated as a surcharge on the export of previously imported goods and other machinery as approved by the Federal Ministry of Finance in 2024, while N535 thousand was generated in 2023.

“As we all know, the year 2024 is facing numerous challenges, and Nigeria is not exempted. Important sectors of the economy are adversely affected due to the unstable exchange rate.

“The Lilypond Export Command is thrilled to announce its sustained performance in the second quarter of 2024. Through concerted efforts and strategic measures, the Command has facilitated the export of various commodities, showcasing a remarkable surge in trade activity,” he said.

He said that the command recorded a significant export of diverse commodities, including agricultural produce, manufactured goods, solid and extractive minerals, among others.

“A total of 2,488 20ft and 40ft containers were stuffed with agricultural produce, generating earnings amounting to $135.4 million. Notably, the Nigeria Export Supervision Scheme (NESS) received a payment of N913.7 million underscoring the robust contribution of agricultural exports to the national economy.

“With 267 containers dispatched, manufactured goods contributed significantly to export revenue, totaling $9.5 million dollars,” he said. He added that the NESS payment to the Federal Government of Nigeria amounted to N57.23 million, reflecting the sector’s resilience and competitiveness in the global market.

“The export of solid and extractive minerals witnessed a notable upsurge, with 623 20ft and 40ft containers dispatched, valued at $34.3 million dollars. The NESS payment of N232.7 million, highlights the growing potential of Nigeria’s mineral resources on the international stage.

“Additionally, various goods such as plants & machinery, and personal effects were exported in 162 20ft and 40ft containers, contributing $5.5 million to export revenue,” he said. Odusanya added that a NESS payment of N24.0 million was made, emphasising the diversified nature of Nigeria’s export portfolio.

He commended the Comptroller-General of customs, Bashir Adeniyi, and his management team for harmonising with the Nigerian Ports Authority for collapsing all the export seats in Zone “A” to Lilypond Export Command.

Odusanya appreciated all the stakeholders and sister agency for contributing to the increase in export adding that they remain committed to ensuring seamless trade facilitation. Reps Want Samoa Agreement SuspendedThe post Customs Export Rose by 199% in the Second Quarter – Lilypond Command appeared first on MarketForces Africa.

OJO OJO O ! NIGERIAS FIRST SEARCH ENGINE

FOR ADVERT CALL WHATSAPP 234 806 495 0565 !

EMAIL abi@dotifi.com

RSS ADVERTISERS.NG

  • Some Inspiring Bible Words
      when a baby is born the first thing they do is cry . that cry is PRAISE ! out of the mouth of Babes ! so lets cry out today ! James 1:5 If any of you lacks wisdom, you should ask God, who gives generously to all without finding fault, and it will […]
  • Tel Aviv and Joppa in the Bible: Their Significance for Christians
    Tel Aviv and Christian Tourism Although it is not obvious at first, Tel Aviv does hold significance for Christians. And not just because it’s located in Israel. While Tel Aviv itself isn’t mentioned in the Bible, the nearby city of Jaffa (which is now a part of Tel Aviv) is referenced in the Bible several […]
  • What Does Kosher Mean?
    What is the meaning of the Hebrew word Kosher? Even if you are not Jewish or Israeli, you are probably familiar with the Hebrew word kosher (כשר). You might even know that this word has something to do with food, whether by virtue of having Jewish friends or noticing this word in supermarkets or restaurants. […]
  • Refining Marriage Small Groups
    Marriage is a covenant that thrives on the grace of Jesus, forgiveness, and sanctification. Recognizing the importance of nurturing our marriages as a church, we are excited to introduce Refining Marriage, a unique discipleship opportunity designed to strengthen marriages through the transformative power of God’s grace. Drawing insights from Brad and Marilyn Rhoads’ impactful book, […]
  • Why Don’t Most Jewish People Recognize Jesus?
    Why don’t most Jewish people see Jesus? A question we often hear is, Why is it difficult for most Jewish people to recognize Jesus as the Messiah?  Have you ever wondered that?  Many Christians assume Jesus’s identity should be obvious to the Jewish people.  There is compelling evidence, they insist.  Jesus said the Hebrew Scriptures […]
  • Aliens, Angels, and Why God Flooded the World www.netchurch.ng
    The topics of aliens, angels, and the biblical flood are rich with cultural, religious, and speculative interpretations. Here’s a brief exploration: 1. **Aliens**: In popular culture and some fringe theories, aliens are sometimes linked to ancient myths or biblical accounts. Some speculate that advanced beings or extraterrestrials interacted with ancient civilizations, possibly influencing their myths […]
  • Netchurch – I Hate Divorce: How hard is Divorce today versus those days Strange Things Happened in Europe
    God hates divorce .,..”17 According to Oni, “No matter what view one takes on the issue of divorce, it is important to remember Malachi 2:16: ‘I hate divorce, says the LORD God of Israel. I Hate Divorce: Embracing God’s Design for Marriage” NETCHURCH Dear brothers and sisters in Christ, Today, I want us to reflect on a […]
  • Parables Series Begins Sunday
    This Mother’s Day, we invite you to join us for a new sermon series entitled “Hidden in Plain Sight: The Parables of Jesus.” We will begin with a sermon on Luke 15:11-32 and the famous parable called “The Prodigal Son.” As we learn about the love of God that overflows to repentant sinners, we will […]
  • Return to 1 Corinthians Series
    Now that we have concluded our brief series on some of the parables of Jesus, we return to our study of 1 Corinthians, where Paul addresses the issue of consuming food offered to idols. In chapter 8, Paul discusses the proper use of personal liberty, emphasizing that while knowledge can lead to arrogance, love builds […]
  • Jesus and the Pharisees in the Bible
    Jesus and the Pharisees Jesus had real conflicts with the religious leaders of His day, to be sure, and there were times Jesus gave hair-raising accusations to the scribes and Pharisees. But were those meant for the Jewish people, as a whole?  Did Jesus condemn all Jewish people, for all time?  Jesus was Jewish.  The […]