Oyo Osun customs Area command has announced that the area command has made Twenty-Three Billion, Nine Hundred and Seventy-Four Million, Five Hundred and Forty-Three Thousand, and Fourteen Naira, Forty-Nine Kobo).
In press statement sent out on Wednesday it was stated by the customs area controller Dr.Ben Oramalugo that “1. I am very delighted to welcome you all to this press briefing, where I will highlight the significant achievements of the Oyo/Osun Area Command of the Nigeria Customs Service.
2. This period has been critical for our nation, as we are all acutely aware of the economic challenges facing our country today. Rising inflation, high cost of living, and other financial hardships has impacted all citizens, making it essential for us to perform our duties with greater responsibility and commitment to sustaining national stability. Despite these challenges, the Oyo/Osun Area Command has remained focused on its twin mandate of revenue generation for the government and curbing the menace of smuggling and other illicit activities that undermine the economy.
3. It is my privilege to update you on the key milestones the Area Command has achieved in revenue generation for the third quarter of the year and anti-smuggling activities from August 30th, 2024 to October 29th, 2024.
REVENUE GENERATION MILESTONES
4. In the face of current economic conditions, the Command has intensified its efforts in ensuring that every kobo due to the government is collected in accordance with the law. I am pleased to announce that for the 3rd quarter of the year 2024 the Oyo/Osun Area Command successfully generated a total revenue of ₦23,974,543,014.49 (Twenty-Three Billion, Nine Hundred and Seventy-Four Million, Five Hundred and Forty-Three Thousand, and Fourteen Naira, Forty-Nine Kobo). This reflects a 27.5% increase over the sum of ₦17,377,387,591.90 (Seventeen Billion, Three Hundred and Seventy-Seven Million, Three Hundred and Eighty-Seven Thousand, Five Hundred and Ninety-One Naira, Ninety Kobo) generated in the corresponding period of 2023, underscoring the Command’s commitment to efficient revenue collection through improved compliance, enforcement, and monitoring.
5.” Cumulatively, for the period covering January to September 2024 the Command has generated the sum of ₦56,656,828,685.30 (Fifty-Six Billion, Six Hundred and Fifty-Six Million, Eight Hundred and Twenty-Eight Thousand, Six Hundred and Eighty-Five Niara, Thirty Kobo). This also reflects a 7.85% increase when compared to the sum of ₦52,206,458,966.50 (Fifty-Two Billion, Two Hundred and Six Million, Four Hundred and Fifty-Eight Thousand, Nine Hundred and Sixty-Six Niara, Fifty Kobo) generated in the corresponding period of January to September 2023″.
