Senate To Increase High Customs Revenue Target to Bolster Economy

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The Senate is contemplating increasing the Nigeria Customs Service’s revenue target from N5.079 billion in the latter half of the year to prevent additional borrowing for the country.

Isah Jibrin, the Chairman of the Senate Committee on Customs, conveyed this during a meeting with Adewale Adeniyi, the Comptroller General of the Nigeria Customs Service, and other high-ranking officials of the agency.

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Senator Jibrin strongly emphasizes the need for revenue-generating agencies to enhance their performance in order to boost the economy.

On the high unemployment rate, Senator Jibrin states that “Customs is not the only employer of labour. They can only employ the number they believed, they can adequately take care of and we are putting them under pressure to exceed the 1,600 benchmark”.

Responding to questions from the lawmakers, the CG, NCS also disclosed that the service is seeking approval from the government to allow them to give waivers to owners of smuggled cars to allow them regularize payment of their Customs duties.

He disclosed that those in possession of vehicles illegally imported into the country or are to pay duties have a three-month window to go to Customs House for assessment and payment of duties.

This he assures will be done after adequate publicity to ensure that those in such a situation, can get their vehicles regularized through payment of duties.

 

 

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