Business
Maritime Stakeholder Gives Recipe For Revenue Generation
It has been observed that the Nigerian Customs Service (NCS) can generate not less than N3 trillion annually if customs brokers are given a percentage of the total revenue.
The observation was made by an executive member of the Association of Nigeria Licensed Customers Agents (ANLCA), Ikenna Nwuba, while speaking to The Tide in Port Harcourt on Monday.
He contended that once customs agents are granted a percentage of the revenue by the Federal Government, the issue of concealment and under declaration by importers in collaboration with some unscrupulous licensed customs agents and men and officers of NCS would be a thing of the past.
The new strategy, he said, would boost not only the revenue accruing into the central till but would also eliminate the root cause of bribery and corruption in the nation’s seaports, airports and international borders.
Nwuba who is managing a clearing and forwarding company in Port Harcourt, said if government gives customs agents a percentage of the revenue they generate for NCS, such an incentive would block all the revenue leakages currently being suffered in the system, saying “If you give us that our percentage, revenue leakages will block because you will succeed in removing the basis for cutting corners.”
He noted that with such an incentive, no customs broker would accept to connive with any customs officers to engage in under declaration of cargo or evade duty payment, since the more government revenue increases the more the percentage earnings increases.
According to him, the N1 trillion revenue target is our challenge and not even the customs. That is what eth government wants, customs must implement and our own is to generate it. While we are talking about N1 trillion, may be the money outside there could be N3 trillion.
He wondered why the federal government has not deemed it fit to pay a per cent to customs brokers since it was already doing so with other organsations, pointing out that the federal government Inland Revenue Service (FIRS), NCS have a percentage of their collection. Contractors to government like service providers in the ports including Container Destination Inspection Limited, SGS Nigeria Limited and Global Scan Systems Limited all receive one per cent free on board (FOB) as incentive when their service is not commensurate with the efforts they make in making importers pay duty.
Business
NCDMB, Dangote Refinery Unveil JTC On Deepening Local Content
Business
Food Security: NDDC Pays Counterpart Fund For LIFE-ND Project
Business
Replace Nipa Palms With Mangroove In Ogoni, Group Urges FG, HYPREP
-
Rivers4 days ago
Don Sues For Leadership Assessment Centre In IAUE
-
Niger Delta4 days ago
Commissioner Explains Oborevwori’s Retirement Age Extentoon For Associate Profs
-
Business4 days ago
Cassava Flour Initiative Revival Can Up Economy By ?255b – COMAFAS
-
Sports4 days ago
Eagles B Players Admit Pressure For CHAN Qualification
-
Rivers4 days ago
Rivers Judiciary Denies Issuing Court Order Stopping SOLAD from Swearing in RSCSC Members
-
Rivers4 days ago
Group Seeks Prosecution Of Clergy, Others Over Attempted Murder
-
Niger Delta4 days ago
Oborevwori Boosts Digitalisation With Ulesson 500 Tablets To Pupils, Students
-
Business4 days ago
CRG Partner JR Farms To Plant 30m Coffee Seedlings