Excise Tax increases by 38% in August 2023 - Acting Assistant Comptroller Zone "B"

Between January and August 2023, the Nigeria Customs Service collected N20,075,338,533.66 in excise tax from manufacturers whose factories are located in Lagos. This represents an increase of 38 percent over the N12,439,470,773.31 collected during the same time in 2022 by N7,635,787,760.55.

Before leaving to take up the position of Zonal Coordinator and Acting Assistant Comptroller General in Charge of Zone B, with headquarters in Kaduna, Queen Ogbudu, the departing Controller of the Nigeria Customs Service, Lagos Industrial Command, disclosed this during a press conference in Lagos.

Ogbudu reported increased income and recorded increase due to income collection procedures implemented in May 2022, resulting in N21.8b and a significant expansion of excisable processing plants, with optimism for the order to outperform its objectives.

“the percentage increase in revenue of 2023 as against 2022 is 38% which is of a great significance to the command’s revenue.

The Command is optimistic that this year’s target of 30 billion with 2.5 billion monthly will be surpassed because so far in eight (8) months we have exceeded our target with almost 77 million naira".

“The steady and consistent rise in the revenue of the command was made possible by the hardworking and dedicated officers who work tirelessly to make sure that the correct duties are collected as and at when due. I commend all the officers and men for their efforts. It is worthy of note that at the time of my resumption, the command had a total of (19) nineteen functional and non-functional factories, but as at today, the Command has a total of (38) thirty-eight functional factories producing both Alcoholic and Non-Alcoholi, Carbonated, Sweetened beverages and eleven (11) nonfunctional factories which the operations unit has kept under surveillance” she said.

She appreciated her officers and stakeholders for their cooperation during her time in the command and urged them to do more. They held meetings with stakeholders, officers, and men to guide them on procedures like entry of premises, product registration, and e-payment platforms.

The Acting Assistant Comptroller further urged officers to be vigilant in maintaining records of raw materials, finished products, and daily production for revenue collection.