HomenewsNewsCustoms Oil & Gas FTZ Command Generates Over 22 Billion in 10 Months

Customs Oil & Gas FTZ Command Generates Over 22 Billion in 10 Months

  • November 22, 2023
  • Posted by: Destiny Young
  • Category: News
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The PH Oil and Gas FTZ Command of the Nigeria Customs Service announced a revenue collection exceeding 22 billion naira over the past 10 months.

Customs Area Controller, Comptroller Abubakar Umar, shared this achievement on 21 November 2023 at the Nigeria Customs Service PH Oil and Gas FTZ Command, Marble House, Oil and Gas Free Zone Authority Building, Onne, Rivers State.

Comptroller Umar revealed that as of 20 November 2023, the command’s revenue stands at ₦22,413,619,459.00, compared to ₦21,219,846,074.00 collected between 1 January 2022 and 31 December 2022.” He highlighted a collection increase of over 1 billion naira compared to the previous year.

The CAC expressed optimism about surpassing the annual target before the end of 2023. “By the Grace of God, before December 31, 2023, we will surpass our annual target”.

Comptroller Umar attributed this success to the dedication and resilience of the Command’s officers and men, as well as the cooperation of stakeholders. “I cannot do it alone without the dedication and resilience of my officers, men, and our stakeholders, whom I hold in high esteem.”

Regarding exports, Comptroller Umar highlighted the facilitation of Liquefied Natural Gas (LNG) exports at Bonny Terminal, the export of refined sugar in the Bundu Free Zone by Bua Sugar Refinery, and the exportation of fertilizer by Notore Chemical Free Zone.

Acknowledging the support of Comptroller-General of Customs Bashir Adewale Adeniyi MFR and his management team, the CAC expressed gratitude for the enabling environment provided. He pledged to intensify efforts to eliminate revenue leakages within the command.

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Author: Destiny Young
Destiny Young (He/Him) is a distinguished IT professional with over 17 years of industry expertise. His impressive academic portfolio includes an HND and BSc (Hons) in Computer Science, a Master of Technology in Information Technology from the University of South Africa (UNISA), an MBA with distinction and a first-class MSc in Digital Transformation from Nexford University, Washington, DC. He currently an MSc student at the Department of Computer Science and IT, Paul University, Awka, Anambra State, specialising in Cybersecurity and also pursuing doctoral degree in Business Administration (DBA) with a specialisation in Technology Management at ANAN University Business School. A Chartered IT Practitioner, Manager, and Administrator, Destiny's focus lies in Cybersecurity and Digital Transformation. His professional affiliations include membership in the Computer Professional Registration Council of Nigeria (CPN), Nigeria Computer and British Societies, Chartered Institute of Administration of Nigeria (CIA), and Nigerian Institute of Management (Chartered). He is a Fellow of the Institute of Information Management (IIM). Destiny's unique blend of academic excellence and practical experience positions him as a leading voice in the ever-evolving landscape of information technology and cybersecurity.

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