The Tin Can Island Port command of the Nigeria Customs Service has recorded a N36.5bn revenue deficit in the last eight months, an indication that it might not meet the N264bn annual revenue target for the 2012 fiscal year .
The Ministry of Finance had at the beginning of the 2012 fiscal year given the service a whopping N1tr revenue target, out of which it assigned N264bn for the command, which translates to N22bn monthly.
Analysis of revenue collection released by the command for the period covering January to August, 2012 shows that a total of N139.5bn was collected for the eight-month period, out of a total of N176bn it was expected to have collected for the period, which shows a deficit of N36.5bn.
Details later……
