The Nigeria Customs Service (NCS) generates about N4.7billion to N5.8 billion on a daily basis, due to the ongoing partial border closure exercise by the Federal Government.
Comptroller General of NCS, Colonel Hameed Ali (rtd) disclosed this while answering questions from members of the joint National Assembly Committee on Finance in Abuja.
He also stated that there was a day in September that the agency recorded N9.2billion.
The Custom boss noted that most cargoes that used to berth in Benin Republic and later smuggle their goods into the country are now using Nigerian ports.
Ali was at the National Assembly on the invitation of the National Assembly joint committee on Finance presently considering the 2020 – 2022 Medium Term Expenditure Framework and Fiscal Strategy Paper (MTEF/FSP) submitted to both chambers by President Muhammadu Buhari.
“When we closed the border my fear was that our revenue is going to drop. To be honest our revenue kept increasing.
“There was a day in September that we collected N9.2billion in one day. It has never happened before.
“This is after the closure of the border and since then, we have maintained an average of about N4.7billion to N5.8 billion on a daily basis which is far more than we used to collect.
“What we have discovered is that most of those cargoes that used to go to Benin (Republic), shipped to Benin, continue and then discharged and smuggled into Nigeria, now that we have closed the border they are forced to bring their goods to either Apapa or Tin Can Island and we have to collect duty on them.
“If that would continue to us it is a welcome situation. As a matter of fact to answer your question, our revenue has not reduced. As a matter of fact, it is increasing as a result of closing the border.
“About 10.2million litres of fuel has now been cut down from what we have been assuming to have been consuming. This 10.2million litres of fuel is always going to across the border.
“The issue here is that there is incentive because there is price differential. And that is why our people keep pushing this fuel. If you go to Ilaro today, the filling stations that are there…in Idiroko, there are over 50 tp 60 filling stations in one place and they are close to the border.
“And what we have discovered is that they bring in fuel in the afternoon and in the night they siphon it. They do that everyday and this is why we keep saying we are consuming so many litres of fuel everyday,” he said.