Connect with us

Customs

Nigerians in for hard times as CBN raises import tariffs at ports.

Eyewitness reporter 

There may not be a respite yet for Nigerians who are currently reeling under a spike in prices of goods and services due to the spiraling inflation in the country.
In what appears to be Government insensitivity to the plight of Nigerians, the Central Bank of Nigeria (CBN) has announced an increase in the exchange rate on which import duty payable on imported cargoes will be determined.
Yesterday, the apex bank, which has the statutory duty to determine the exchange rate on which customs duties are calculated, raised the exchange rate from N381 to N404.97 per dollar.
The Public Relations Officer, Tin Can Island Customs Command, Mr Uche Ejesieme confirmed the increase, saying that it was not the function of Customs to increase the exchange but that of  CBN.
The implication of the adjustment in exchange rates by N23.97k , the second in recent times, is that the customs duties on imported goods will be increased which will add to the already high cost of goods in the market.
Nigeria is an import-dependent country.

The  difference in the exchange rate has already  been effected on the customs systems by its IT service providers, Web Fontaine

Freight forwarders have condemned the development which they described as insensitive by the government, giving the current economic hardship in the country, saying this will further increase the prices of goods in markets.

They also lamented the failure of government to seek inputs of freight forwarders whenever such decisions with far-reaching implications are being taken.
“When we went to access a job this morning, (yesterday), we were told that the exchange rate has been increased, though we have been expecting it, we don’t expect that it would be so sudden” one of the grieving freight forwarders disclosed.

“The cargoes that are already en route Nigeria would also be affected, the jobs that we want to clear this morning(yesterday) were affected”

“When you go back to the importer and request for money, they will tell you there is no notification of increase from customs, so the freight forwarders are the ones who would bear the additional cost,” the source said.

He noted that freight forwarding professionals need to be warned earlier whenever such increases are coming up so that they can be able to advise their importers on what is obtainable.

“So many of them (importers) are stubborn, some would agree and some would disagree”

“The customs are working for the Federal Government, so they should have a circular to this effect to inform us earlier so that we can make predictions.

This was the same way they increased it last year without any notification”

“Already, goods are expensive in the market, this would further add to the inflation in the Nigerian market”

“Coupled with the insecurity in-country, major stakeholders are no longer shipping cargoes into Nigeria, the little that have come in are now being hoarded” the agitated customs broker lamented.

Related Topics:
Continue Reading
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Customs

Seme Customs in revenue windfall as it collects N3.5 billion in February.

Funso OLOJO,Editor 
The Seme command of the Nigeria Customs Service has continued to sustain its revenue momentious
trajectory under the leadership of its Area Controller, Comptroller Wale Adenuga.
According to revenue statistics made available to our reporter by the command, it has garnered a princely sum of N3,480,970,924.67 in revenue for the month of February 2026, with the month still ongoing.
Comptroller Adenuga made this disclosure during an interactive session at a stakeholders’ engagement meeting with cross-border traders ,farmers and stakeholders organised by the Nigerian Shippers’ Council in collaboration with the ECOWAS Commission, ECOWAS Agricultural Trade Programme and GIZ International.
The event, held in Badagry on Wednesday, February 25th, 2026, was themed “Empowering Cross-Border Traders through Trade Information Desk for Agricultural Traders”.
Comptroller Adenuga noted the revenue figure represents a remarkable improvement over the N743,698,652.16 recorded in February 2025 which he attributed to the seamless trade facilitation process adopted at the Command.
 “For this February that has not yet ended, we have already generated N3,480,970,924.67 as against N743,698,652.16 revenue generated in February 2025″ Adenuga told the stakeholders.
He said the feat was a reflection of
the flow of trade which he believed was getting better as people are building greater confidence in the Seme–Krake corridor.
Comptroller Adenuga assured traders and stakeholders that the significant reduction in checkpoints along the Seme–Gbaji axis is the direct result of strong collaborative efforts with other security agencies operating within the corridor.
 He disclosed that only Agbara and Gbaji remain the officially Customs approved and sanctioned checkpoints along this Lagos-Abidjan corridor.
The Customs Chief further attributed the noticeable decline in crime rates along the Seme-Gbaji axis to the positive outcomes of monthly joint border security meetings involving all agencies at the border post.
These regular inter-agency engagements, according to him, have strengthened better cooperation, improved intelligence sharing and more effective responses to security challenges, thereby creating a safer and more enabling environment for cross-border trade.
Adenuga declared that while revenue generation and trade facilitation remain key priorities, the Command’s mandate extends firmly to combating illicit activities.
The CAC highlighted recent enforcement successes, including the interception of a Toyota Highlander vehicle conveying 22 packages of cocaine with an estimated street value exceeding N1 billion, a feat he claimed was made possible based on very  credible information shared by the CGC.
In addition, during February 2026 alone, the Command has seized 1,000 bags of 50kg parboiled rice, underscoring its unwavering commitment to suppressing smuggling and protecting Nigeria’s economic borders.
Comptroller Adenuga reiterated the vigilance and commitment of the operatives of the Command in working closely with stakeholders, traders, farmers, sister security agencies and regional partners to improve the momentum of trade and security along the Lagos-Abidjan corridor.
Continue Reading

Customs

Apapa Customs, Navy deepen partnership for seamless cargo movement along Apapa port corridor 

Gloria Odion, Maritime Reporter 
The Customs Area Controller (CAC),
Apapa Area Command, Comptroller Emmanuel Oshoba, has solicited sustained support of the Western Naval Command to ensure seamless cargo movement along the Apapa port corridor.
Comptroller Oshoba made the call on  Wednesday, February 25th, 2026, while on a courtesy visit to Rear Admiral Abubakar Abdullahi Mustapha, the Flag Officer Commanding (FOC), Western Naval Command.
The visit was meant to deepen operational collaboration in line with the three policy thrusts of Consolidation, Collaboration and Innovation of the Comptroller-General of Customs, Bashir Adewale Adeniyi.
Speaking during the visit, the CAC stated: “The CGC has three key policy thrusts.
” The first is consolidation. On assuming duty, I resolved to consolidate on the gains already achieved and improve the existing relationship between Apapa Command and the Nigerian Navy within this axis.”
On collaboration, he noted that modern border management requires agencies to work in tandem, adding: “While Customs is known for trade facilitation and revenue generation, we also perform critical security functions.
“To achieve this mandate, we must collaborate with the military, the mother of security.”
On innovation, he added: “Innovation is doing things differently to achieve better results and strengthening inter-agency cooperation is part of that approach.”
He appreciated the Navy for securing Nigeria’s waters, stating: “No vessel can come into the country without safe waters.
” We commend you for keeping the maritime environment secure.”
In his response, Rear Admiral Mustapha acknowledged the longstanding partnership between both agencies, emphasizing: “Port security is about inter-agency and coordination. Without security, there is no development.”
He commended the Service under CGC Bashir Adewale Adeniyi for its performance, noting: “The Customs has done exceptionally well in blocking revenue leakages and surpassing national revenue targets.
“Continue what you are doing; with more revenue, there will be more infrastructure and social safety network for the country.”
The FOC assured the Command of improved and seamless cooperation in securing the maritime domain and supporting national economic growth.
Continue Reading

Customs

Customs automates acquisition, renewal of licenses, permits to enhance efficiency, revenue boost.

Funso OLOJO, Editor 
In order to consolidate the automation of its operations, the Nigeria Customs Service, has concluded preparations to automate the process of Licenses, Permits acquisition and renewal.
To achieve this landmark initiative, the Service has trained  its bond officers of various area commands who will drive the process.
While unveiling the automation process to stakeholders in Lagos on Monday, February 23rd, 2026, the Comptroller – General of Customs, Adewale Adeniyi said the initiative was driven by the desire of the Customs management to make licenses and permits acquisition and renewal less cumbersome, promote ease of doing business and boost revenue generation.
CGC Adeniyi, who was represented by Comptroller NJ Anozie, further expanded the benefits of the automation process.
“Automation will save importers, clearing and forwarding agents the stress of acquiring or renewing their Licenses and Permits as they would be sitting in the comfort of their offices/homes to initiate and complete the process.
“Officers and  men of License and Permit Unit, the bond seat unit of various Commands will also be saved some stress, as all their responsibilities would just be ‘clicks’ on the systems in front of their desks, as opposed to carrying loads of files from one table to another and from one office to the other.
“Automation will cut the cost of doing business and minimize movement risks for our stakeholders.
“They would no longer be jumping on buses or flights to and fro Customs Headquarters-Abuja, paying hotel bills plus feeding for days, to obtain or renew their licenses and permits.
“Automation will minimize, if not eradicate fraudulent practices in the system, as every single document that is uploaded in the course of this process will be automatically rejected by default, if it is fake and accepted if it is genuine.
 “L&P can now view assessments through the B’Odogwu to be sure that any company applying for fresh or renewal of licences or permits is not having unpaid assessments hanging on it”
The Customs boss said he was poised to sanitize the system and urged the Licences and Permits unit of the Service to be passionate in driving this initiative.
He further disclosed that the automation process will save the importers and their agents time and money which they normally expended in manual process.
Adeniyi urged the stakeholders to take advantage of this new initiative, assuring them that they would adequately be guided on how to key into the system by the bond officers who have already been trained.
Continue Reading

Trending