Customs
Customs rakes in N799bn in five months

Eyewitness reporter
The Nigeria Customs Service (NCS) has generated N799 billion revenue between January and May 2021.
The Public Relations Officer of the Service, Mr Joseph Attah, disclosed this on Monday while addressing newsmen in Abuja.
Attah said that the revenue was higher than what was realised in the same period in 2020, adding a positive difference of N226.1 billion.
He added this was possible due to strict implementation of all extant rules governing imports, exports, and excise in the country.
He noted that the strategic deployment of officers and automation of the processes and regulations also contributed to the feat achieved.
According to him, the increasing inclination of officers and men to put national interest above selves was also responsible for the improvement of revenue.
He said other reasons were robust stakeholders’ sensitisation, increasing level of compliance from stakeholders, and improved working relationship with the National Assembly.
Attah added that the management under the leadership of retired Col. Hameed Ali had continued to take strategic actions that would impact positively on the national economy and security.
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Customs
Customs complies with ministry’s directive, seeks alternative funding of its services after suspension of 4 percent FOB levy

Customs
FG orders Customs to suspend collection of 4 percent FOB levy

by the Nigeria Customs Service on all imported goods.“Following extensive consultations with industry stakeholders. trade experts, and relevant government officiais, it has become clear that the implementation of the 4% FOB charge poses significant challenges to the Nigerian trade facil tation, environment and economic stability.
“Many importers and businesses have raised concerns about the increased financial burden this levy imposes, with potential adverse effects on inflation, trade competitiveness, and the overall business Climate in Nigeria.
“This suspension will provide an opportunity for comprehensive stakeholder engagement and & thorough review of the levy’s framework and its broader economic implications .
“The Ministry of Finance looks forward to working closely with the Service and all relevant parties to devise a more equitable and efficient revenue structure that susports both revenue generation and economic growth and stability.
“Ensure strict compliance. ‘,the memo concluded.
Customs
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