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Lagos Tin-Can Island Port records ₦68bn worth of exported cargo in the first half of 2019

By Oluwaseun Solomon
Publish on July 17, 2019

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Could you believe that up to ₦68bn worth of cargoes were exported through the Lagos Tin Can Port in just the first half of 2019 alone? Read the report here!

In a recent public report released by the Tin Can Island which is an Area Command of the NCS (Nigeria Customs Service) in Lagos; an impressive record of 150,930.7 metric tonnes of cargo was exported through the Port in the first half of this year 2019 alone with a FOB (Free on Board) value amounting to ₦68 billion.

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This record reflects an undeniable improvement when compared with the 118,452.87 tonnes recorded for the corresponding period in the year 2018 with a FOB of ₦63 billion.

Uche Ejesieme, the Public Relations Officer of the Tin Can Area Command also made it known in a recent statement that the Port also collected ₦179.27 billion in total generated revenue within this same review period which literally represents 52% of its targeted annual revenue altogether.

Making a comparative type of review of this newly recorded ₦172.5 billion generated revenue with the year 2018’s figure reveals a plausible difference as this 2019’s figure beats that of 2018 with a massive ₦6.761 billion for the same period of time.

Lagos-Tin-Can-Island-Port-Container-Terminal

This port has exported an impressive ₦68 billion worth of cargo in the first half of 2019 alone

When commenting on this new report, Comptroller Musa Baba who is the controller of the Tin Can Area Command said that this newly recorded milestone in exports clearly indicates the level of stakeholders’ awareness to newer opportunities available in the export business including possibilities with full automation of the entire exporting processes.

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Comptroller Musa Baba said;

“Sequel to the urgent need for balance of trade through export, the command, during the period under review embarked on full automation of export procedures as a panacea for seamless transactions.”

He also mentioned that the Command is seriously working out some modalities to make use of approved barges for transferring cargoes from its mother port to any one of its off-dock terminals in an effort to reduce congestion and also speed up all cargo deliveries.

His words were;

“Generally speaking, it is instructive to note that the command has gone beyond revenue collection/generation, to creating an enabling environment for legitimate businesses to thrive in line with the Presidential mandate, with the resolve by the Command to achieve speedy clearance of cargo from the Ports and also reduce the cost of doing business.

“It is all these several factors that have projected the command as a hub and most business friendly with remarkable profile.

“In the same vein, efforts will remain in top gear towards the removal of bureaucratic bottlenecks and impediments in the trade value chain. Our ultimate aim is not just to key into the Presidential directives on Ease of Doing Business which is in line with World Customs Organization’s (WCO) trade facilitation agenda but to be seen as being at the vanguard,”

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Oluwaseun Solomon is a prolific and diligent automobile writer at Naijauto.com. He's also an experienced digital marketer and a creative multimedia developer that specializes in video editing. He currently contributes articles that are very informative and easy to read on topics covering transportation, traffic updates, auto industry updates, and different car reviews here on Naijauto.
When Solomon is not writing, you will either find him composing ... See more