By Barnabas Esiet.
The Tin Can Island Port in Lagos, Nigeria, has achieved a remarkable milestone in the first half of 2024, with a total value of N1.03 trillion in commercial goods exported through the port.
This impressive figure was disclosed by the Customs Area Controller (CAC), Dera Nnadi, at a recent forum in Lagos. The port also generated a significant revenue of N575.51 billion between January and June 2024, representing a 221.13% increase compared to the same period in 2023.
The CAC attributed the success to the commitment of the command’s enforcement and anti-smuggling unit in combating smuggling and criminality.
He emphasized that the unit has been working tirelessly to prevent the entry of dangerous goods into the country, including illicit drugs, arms, and ammunition. Notable seizures during the period included Cannabis Indica worth N3.22 billion, concealed in three plastic drums and 46 bags imported from Canada.
The total Duty Paid Value of the seizures amounted to N8.9 billion, highlighting the importance of the port’s enforcement efforts. The CAC acknowledged the support of critical stakeholders, including shipping companies, terminal operators, and others, in achieving this feat.
Soya Beans emerged as the highest export commodity, valued at N92.06 billion, while self-adhesive were the lowest at N17.56 million.
The port’s strategic location and efficient operations make it an attractive hub for international trade, and its revenue generation and export volumes are expected to continue to rise in the coming years.
This achievement demonstrates the significant contribution of the Tin Can Island Port to Nigeria’s economy and its potential for growth.
The port’s enforcement efforts have not only prevented the entry of dangerous goods but also generated significant revenue for the country.
The CAC’s commitment to combating smuggling and criminality has ensured a safe and secure environment for international trade, making the Tin Can Island Port a vital gateway for Nigeria’s economic development.
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