Customs reports $937M in agricultural exports for Q3! | (Customs processed $937m agricultural exports Q3 – Official)

The Nigeria Customs Service, Lilypond Export Command, Lagos, has stated that it processed the export of $937m of agricultural produce and manufactured goods in the third quarter of 2024.

The command’s Area Controller, Ajibola Odusanya, disclosed this while addressing journalists at the command in Ijora, Lagos on Thursday.

Odusanya attributed the success to the consolidation of all export seats into the command, adding that the “remarkable increase was 407 per cent high from $184m collected in the second quarter of the year, up to $937m collected at the end of the third quarter of 2024.”

He explained that in September alone, the command processed 3,363 export containers with a total weight of 221,961.53 metric tonnes valued at $202m.

According to him, the highest contribution came from agricultural commodities including sesame seeds and hibiscus flowers, which accounted for $93.7m followed by manufactured goods at $65m.

Odusanya noted that the command generated a sum of N1.45bn as Nigerian Export Supervision Scheme from all export activities in September.

“The command also collected N88m in duties on exports of previously imported goods, in line with the provisions of the 2022 Fiscal Policy of the government,” he said.

The controller maintained that the tonnage of exported goods surged by 368 per cent from 86,783.93 metric tons to 405,979.72 metric tons stressing that NESS also recorded a 733 per cent growth climbing from N640bn to N5.3tn.

He added that the duty paid on exports of previously imported goods rose from N29m to N136m representing a 359 per cent increase.

The increase, according to Odusanya, reflected the significant scaling up of export processing capacity, improved tracking, and proper documentation and enforcement of customs regulations post-consolidation.

“The consolidation of export seats at all Lagos ports into the command has yielded significant gains, reflected in the impressive increases across key export metrics.

The primary benefit was the elimination of bureaucratic bottlenecks that previously hindered smooth export processes. The centralization of export operations has allowed faster processing times for export documentation, improved compliance with the NCS guidelines and regulations, and a more transparent and traceable export value chain,” Odusanya stated.

The Nigeria Customs Service at the Lilypond Export Command in Lagos has reported that they processed exports worth $937 million in agricultural products and manufactured goods during the third quarter of 2024.

Ajibola Odusanya, the Area Controller of the command, shared this information with reporters in Ijora, Lagos, on Thursday.

He noted that this success is due to bringing all export operations under one command. He highlighted that the amount exported increased by 407 percent, rising from $184 million in the second quarter to $937 million by the end of the third quarter of 2024.

In September alone, the command processed 3,363 export containers, weighing a total of 221,961.53 metric tonnes, valued at $202 million.

The largest share of the exports came from agricultural products like sesame seeds and hibiscus flowers, which totaled $93.7 million, followed by manufactured goods, which accounted for $65 million.

Odusanya mentioned that the command earned N1.45 billion from the Nigerian Export Supervision Scheme (NESS) from all export activities in September.

He also reported that the command collected N88 million in duties on exports of previously imported goods, as per the 2022 Fiscal Policy of the government.

The total weight of exported goods increased by 368 percent, from 86,783.93 metric tons to 405,979.72 metric tons. Additionally, NESS saw a growth of 733 percent, rising from N640 billion to N5.3 trillion.

Odusanya added that the duties paid on exports of previously imported goods went up from N29 million to N136 million, marking a 359 percent increase.

He attributed this growth to enhanced export processing capabilities, better tracking, and improved documentation and enforcement of customs regulations following the consolidation of export operations.

“By centralizing export operations at all Lagos ports, we have eliminated many bureaucratic delays that previously complicated the export process. This has led to faster processing times for export documents, better compliance with customs regulations, and a clearer and more traceable export value chain,” Odusanya explained.