CPDM Crime Syndicate: Customs Targets 75% of Revenue from Douala and Kribi Ports 0

The Directorate General of Customs (DGD) within the Ministry of Finance (Minfi) aims to collect over CFA92 billion in revenue for the Treasury in May 2024. The largest contributions are anticipated from the customs sectors of Littoral I and South II, covering the ports of Douala and Kribi, respectively.

Specifically, the customs services in the Littoral I sector have been tasked with collecting CFA58.9 billion, representing over 50% of the total expected revenue. Meanwhile, the South II sector has a collection target of CFA23.3 billion, less than half of what is expected from Littoral I, amounting to a 73.3% collection goal.

Following these major contributors, the third highest revenue, amounting to CFA4.7 billion, is anticipated from the Southwest region. The smallest contribution (CFA18.7 million) is assigned to the Northwest region, which, like the Southwest, has been grappling with a socio-political crisis since late 2016.

Despite the increasing tariff dismantlement in line with the implementation of Economic Partnership Agreements (EPAs) with the European Union (EU), Cameroon’s customs revenues surpassed 1 trillion CFA francs for the first time in 2023, reaching CFA1,019.8 billion by the end of the fiscal year.

In 2024, Cameroon aims for revenues of CFA1,079.9 billion, marking a 10% increase from the previous year’s projections.

Source: Business in Cameroon