N5.1 trn revenue :  Customs Boss maps strategies to hit the target …Meets Fiscal Commission

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N5.1 trn revenue :  Customs Boss maps strategies to hit the target
Meets Fiscal Commission

The Nigeria Customs Service has briefed Revenue Mobilisation Allocation and Fiscal Commission on its various activities, procedures and measures aimed at increasing revenue generation, fiscal efficiency, and blocking revenue leakages, in order to meet the N5.1trillion allotted target for 2024.

The Comptroller-General of Customs, CGC Bashir Adewale Adeniyi MFR, made this known during a presentation at the Commission’s office in Abuja.

ACG Niagwan during her presentation

He emphasised the need to build trust when collaborating with other government agencies to achieve objectives.

The CGC pleaded for support from the commission and other agencies, revealing that since his appointment in 2023, the Service has taken significant steps in revenue recovery and addressing areas of possible revenue leakages.

He disclosed that there are agencies with legal provisions to stay at the port, and the NCS is actively collaborating with them to streamline processes, ensuring their presence doesn’t hinder trade facilitation.

However, he clarified that the goal is not to assign blame but to reduce the time and cost of conducting business in ports.
He stressed; “Looking at the target of N5.1 trillion, every kobo we can collect is important.

“In two weeks, a Time Release Study will be conducted in collaboration with World Customs Organisation (WCO) and other international partners to obtain a scientific study of clearing cargoes from the port.”

The CGC also announced the upcoming launch of revenue recovery exercise initiated in 2023, which recovered over N17 billion within four months.

He assured that the Service would implement lessons learned from the beginning of 2024, particularly strengthening the Post Clearance Audit (PCA) Unit.

Addressing the challenges, Assistant Comptroller-General of Customs in charge of Tariff and Trade Caroline Niagwan outlined issues contributing to 2023 shortfall.

In her paper presentation, Chief Superintendent of Customs (CSC) Ekanem Asuquo highlighted NCS’s core functions, the legal framework, and the need to calculate import duties accurately for proper payments.

Photographs taken during the meeting

The Chairman of Revenue Mobilisation Allocation and Fiscal Commission, Alhaji Bello Shehu, emphasised the Commission’s role in monitoring NCS activities. He sought NCS support to recover funds, improve revenue mobilisation, block leakages and advise the administration on measures to increase revenue generation for the Federation.

In collaboration with the Service, Alhaji Shehu expressed the Commission’s desire to investigate and recover unremitted funds, enhance training and manpower development, reduce non-compliant waivers, and participate in programmes promoting revenue mobilisation, such as retreats and workshops.

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