The Tin Can Island Port Command of the Nigeria Customs Service (NCS) has reported a remarkable 110.8% growth in non-oil export during the first half of 2023 (H1’23), compared to the same period in the previous year, H1’22.
The non-oil export trade at the Command saw a significant surge, rising to 291,436.43 metric tonnes (MT) in H1’23, from 138,246.5 MT in H1’22. This substantial increase in volume and value (Free On Board, FOB) showcases the Command’s impressive performance in the export sector.
Adekunle Oloyede, the Customs Area Controller (CAC) of the Command, highlighted the remarkable growth, stating, “Comparatively, between January to June 2023, the tonnage of goods exported through Tin Can Island Port Complex (TICPC) increased from 138,246.5 MT to 291,436.43 MT; representing an increase of 110.8% over the previous year under review.”
Additionally, the FOB value of exports also witnessed a substantial boost, escalating from N110.447 million in H1’22 to N182.333 million in H1’23, reflecting an impressive 65% increase.
Apart from the notable strides in non-oil exports, the Tin Can Island Port Command also recorded significant revenue collection during the same period. The Command collected a total of N260.2 billion in revenue in H1’23.
However, when compared to the first half of 2022, there was a slight variation in revenue collection, with H1’22 recording a total collection of N274.3 billion, resulting in a difference of N14 billion.
