PTML Customs Hits over N98.8b Revenue in 2017.

Sandra Ukele.

Image result for ptml terminal nigeria 
Sandra Ukele.

The Ports and Terminal Multiservices Limited ( PTML) have released its revenue generated for the fiscal year 2017.

The report displays a total of N98,825,815,515 generated in 2017 with N21,044,729,152 received in the first quarter, N19,703,807,129 recouped in the second quarter, 26,891391,849 generated for the third quarter and N31,155,887,385 generated in the final quarter ended December 2017.

The 2017 report when compared with the revenue analysis of 2016 shows N13,438,706,804 realised in 2016 first quarter, N14,041,006,893, N16,922,637,393 and N18,402,977,811 respectively  2016 financial year.

The total revenues generated for 2016 and 2017 financial years are N62, 803,382,901b and N98,825,815,515b respectively with a record-high margin of N36,022,486,614 depicted for 2017. This comes with a percentile increase of 57.4%.

It would be recalled the Nigeria Customs Service delivered N1,037,102,179,400.58t to government coffers in 2017 fiscal year. Of this amount, the PTML Customs Command under the leadership of Compt. Modupeola Aremu contributed 9.5 per cent to the fund.

Meanwhile, in the rippling effect of the total revenue generated by the NCS, the Minister for Finance Mrs. Kemi Adeosun has pledged to increase the salaries of officers and men of the Service.

The Minister disclosed this at the celebration of the International Customs Day held at the Customs Command and Staff College, Gwagwalada Abuja on Friday.

Speaking in line with the conference theme, " A Secure Business Environment for Economic Development," Adeosun said the theme coincides with the current Ease of Doing Business initiative advocated by the federal government.

The Minister stressed the initiative is already yielding dividends seeing Nigeria has increased by 24 points in the World Bank Ranking system.

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