Sunday, 24 May 2026

Tin Can Port Breaks Revenue Record With N1.6 Trillion Haul

Tin Can Island Port has delivered one of the strongest revenue performances in Nigeria’s maritime sector, crossing its 2025 target with a total collection of N1.60 trillion.

The Nigeria Customs Service command exceeded its projected N1.52 trillion target, underscoring the growing financial weight of the Lagos-based port in the country’s trade ecosystem.

The figures emerged during the official handover ceremony of Frank Onyeka, the outgoing Customs Area Controller, following his promotion to Assistant Comptroller-General of Customs. The development was confirmed in a statement issued by the command’s spokesperson, Oscar Ivara.

Onyeka described his time at the command as a defining stretch of his career, noting that the achievement was powered by stricter compliance measures, intelligence-led enforcement, deeper stakeholder cooperation, and the adoption of modern trade processing systems.

Under his leadership, the command also generated N401.01 billion in the first quarter of 2026, extending the momentum into the new fiscal year.

Away from revenue, the command intensified its anti-smuggling operations, intercepting illicit drugs and prohibited items valued at over N35 billion. Onyeka said the seizures reflected a determined push against criminal supply networks threatening public safety and economic stability.

The administration also expanded engagement with freight forwarders, shipping firms, terminal operators, importers, and exporters to improve efficiency around cargo movement and compliance procedures at the port.

Staff development remained another focus area, with officers undergoing training programmes and professional workshops aimed at sharpening operational capacity.

Onyeka formally handed over to Comptroller Joe Anani, formerly the Customs Area Controller at Ports and Terminal Multiservices Ltd.

The latest performance adds to an already impressive run recorded earlier in 2025, when the command generated N747.07 billion between January and June, a 29.85 per cent rise from the N575.36 billion posted during the same period in 2024.

That half-year performance produced a surplus of N171.72 billion and pushed the command to 98.03 per cent of its revenue target.

Customs officials attributed part of the growth to the Bodogwu clearance system, which processed 3,450 Single Goods Declarations and successfully exited 2,749 entries within the review period.

For a port long regarded as one of Nigeria’s busiest trade arteries, the latest figures point to a command steadily tightening its grip on efficiency, enforcement, and trade facilitation at a scale few institutions currently match.

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