Senate To Increase Revenue Target Of Customs Service

Senate To Increase Revenue Target Of Customs Service

Senate has disclosed that there are moves to review upwards the N5.079 trillion 2024 revenue target of the Nigeria Customs Service from the second half of the year to save the country from further borrowings.

Disclosing this in Abuja on Monday at a crucial meeting with the Comptroller General of the Nigeria Customs Service, Adewale Adeniyi and top management of the revenue agency, Chairman, Senate Committee on Customs, Isah Jibrin, APC,  Kogi East said, Nigeria is saddled with lot of debt obligations and need to wriggle out of that trap.

On concessions given to some sectors of the economy for example, agriculture, Jibrin who noted that it was for those who are into agricultural services, those who are into solid minerals and those whose services have direct impact on the economy, said, If somebody is bringing agricultural equipment into the economy and tries to take something out,in a way of import duty, it will discourage the person.

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

This he said will be done after adequate publicity so that those who find themselves in such situation can get their vehicles regularize through payment of duties.

Comments :
    There are no comments yet. Why not be the first to comment?
Leave A Comment :

Subscribe to our newsletters

Sign up and receive the latest tips via email.

Theme Option