Customs
Customs seeks N20.11 billion approval to purchase special-purpose boats, operational vehicles to fight smuggling.

Eyewitness reporter
“We also presented a memo again on behalf of the NCS for the approval of Council for the design, construction, and supply of seven fast assault boats and seven regular patrol boats at the sum of N501 million inclusive of 7.5 percent VAT with a delivery period of eight weeks.
“ The purpose of purchase of these two types of patrol boats is to enhance the efficiency and effectiveness of operations of the NCS in its bid to control smuggling and also enhance the efficiency of Customs duty operations in the marine unit of the NCS.
“We also presented again on behalf of the NCS a request for council’s approval and council approved the procurement of 427 operational vehicles for the NCS operations in favour of various contractors in the combined sum of N14.55 billion inclusive of 7.5 percent VAT with a delivery period of four weeks,’’ she said.
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
Comptroller Anani vows to enforce zero tolerance for smuggling as he takes the mantle of leadership at PTML

-
Headlines3 months ago
Oyetola predicts excess revenue from Blue Economy with 90 percent growth
-
Headlines3 months ago
Nigerian port hosts first ever LNG- powered container ship
-
Economy3 months ago
NNPCL raises alarm over syndicated attacks to distract leadership from ongoing reforms
-
Customs3 months ago
Abejide queries low funding of 2024 Customs budget
-
Headlines2 months ago
Opeifa eulogies LASTMA, describes its creation as phenomenal statement in public policy.
-
Customs3 months ago
Nigeria Customs in strategic alliance with Saudi Arabia for mutual enhancement of operational efficiency