Cashew nuts, Others’ Exports Hit N56bn In Q1 –Customs

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The Nigeria Customs Service’s TinCan Island Command reported that the total tonnage of products shipped from its command between January and March 2022 was 71,014.4 metric tonnes, worth N56.21 billion.

The Customs Area Controller Adekunle Oloyode revealed this during a press conference on Wednesday. The entire Free on Board value of the products, he claimed, was N56.21 billion.
He also said that during the same period last year, the command recorded a total tonnage of 44,502.9mt with a FOB value of N31.37 billion.

“In comparison, between January and March 2021 and 2022, the tonnage of commodities exported through the command grew by 62.67 percent. From 44,502.9metric tons to 71,014metric tons,” he said.

During the period under review, the FOB value in the naira of the above-mentioned tonnage climbed by 55.82 percent rising from N31.37 billion to N56.21 billion. Some commodities shipped through the command are; copper ingots, stainless ingots, sesame seeds, cashew nuts, cocoa beans, rubber, cocoa butter, leather, ginger, and frozen shrimps.”

“In the first quarter of 2022, the command collected N135.44 billion in income,” he continued. This is an increase of N22.75 billion, or 20.18 percent. Over the N112.69 billion collected in the first quarter of 2021.”

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