As part of efforts to balance Nigeria’s foreign trade, Nigeria Customs Service (NCS), Tin Can Island Port (TCIP) said it had facilitated exports worth N1.03 trillion in the past six months.
The Customs Area Controller, Comptroller Dera Nnadi, made this known during the command’s half year media briefing held at the Secretariat of Maritime Reporters’ Association of Nigeria (MARAN) in Lagos on Friday.
“The total Free On Board (FOB) value of NXP for commercial goods exported through Tin Can Island Port in the first half of 2024 is N1,032,601,044,744.00.
“This amount to a total volume of 489,594.50 Metric Tonnes (MT) as against export value of 1st half 2023 of N182,333,764,943.00 with a total volume of 291,436MT.
“In terms of value, Soyabeans was the highest export commodity worth N92,059,078,980.00 while self-adhesive was the lowest export commodity with a value of N17,560,865.00,” Nnadi said.
The TCIP Customs boss said that the high export figures for 2024 was attributable to the high degree of stakeholders’ engagement.
Nnadi also attributed the command’s success to accessibility of the Tin Can Island and Mile 2 port access roads which improved efficiency of the command’s officials, and other innovations.
The controller also noted that there had been modest gains and developments at TCIP since the launch of the Time Release Study (TRS) at the Command.
He said that the findings would be formally released by the Comptroller-General of Nigeria Customs Service, Bashir Adeniyi.
Nnadi, however, stressed the need for more stakeholders’ involvement in TRS initiative.
He equally co-opted MARAN as one of the command’s strategic partners for TRS and encouraged the association to continue playing a strategic role in ensuring the development of the port sector.