The Tincan Island Port Command of the Nigeria Customs Service has reported a remarkable 52% year-on-year revenue growth, collecting N145 billion in April 2025 compared to N95.7 billion in the same period last year.
Key Financial Highlights
- April 2025 Revenue: N145 billion (52% increase YoY)
- May 2025 (Partial): N27 billion already collected
- Compliance Rate: Significant improvement at Tincan Port
Comptroller Dera Onyeka attributed the revenue boost to enhanced compliance, noting: “The drastic reduction in seizures reflects traders’ growing adherence to regulations – offenders simply aren’t coming our way anymore.”
Industry Recognition
The Shipping Correspondents Association of Nigeria (SCAN), led by President Moses Ebosele, praised Onyeka’s transparent leadership during a facility tour: “The Comptroller’s open-door policy and our commitment to ethical journalism foster productive collaboration.”
Bolbuk Insight: The revenue surge signals successful reforms at Tincan Port, positioning it as a compliance model for Nigeria’s maritime trade sector.