Customs
Customs seeks reduction on age limit on imported vehicles. —-gets N1.679 trillion revenue target for 2021

Oladimeji Ige
The Nigeria Customs Service is presently, at the National Assembly, pushing for reduction of age limit on imported vehicles into the country.
The Customs helmsman added that the time had come when only road worthy vehicles are allowed with the required duties paid to the country.
Ali said it was time to reduce the number of used vehicles that were being brought into the country, stressing that the NCS’ consideration was to only have road worthy vehicles coming into the country.
“We hope our automotive industry will work in order to start reducing the number of used vehicles in the country,” he said.
“These smugglers are in our community, we must fight them together,” he said.
On the issue of scanners to be installed to curtail the activities of smugglers, Ali disclosed that the Ministry of Finance had purchased three scanners to be deployed to the nation’s borders, in addition to a pledge by the Central Bank of Nigeria (CBN) to provide more scanners that would be deployed at the nation’s air, sea and land borders.
The CGC said that 135 scanners would be deployed at the nation’s sea, air and land borders, explaining that they may help in eliminating the influx and proliferation of fire arms into the country.
Rep Ibrahim Bukar, (APC-Borno), and a member of the committee, however, disagreed with the CGC on used vehicles, stating that most vehicles brought into Nigeria were not rickety as stated.
He said that may have become rickety because they got bad on the road due to the wear and tear nature of the vehicles.
According to him, not many Nigerians could afford to buy new vehicles, because they were very expensive, so the fairly used vehicles should be allowed to come in after paying the prescribed duty.
Rep Leke Abejide, the chairman of the committee, said that the committee would meet with the CBN Governor, the Minister of Finance and the CGC, to proffer solutions to the issue of scanners, which had been unnecessarily delayed.
He called for the recruitment of more hands into the service, in order to police the nation’s borders, adding that the needed equipment must be procured to enable the NCS do its work diligently.
Abejide lamented the level of insecurity in the country, which he ascribed to the proliferation of fire arms as a result of the porosity of the nation’s borders.
Meanwhile, the House committee has approved the sum of N1.679 trillion as the revenue target for the service in 2021.
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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