Business
Customs Destroys N70m Poultry Products
The Nigeria Customs Service (NCS) destroyed about 20,000 cartons of smuggled poultry products worth over N70 million impounded by both Federal Operations Unit (FOU) and Seme Command of the service.
The Customs Public Relations Officer at FOU, Zone ‘A’ Ikeja, Mr Uche Ejesieme, told newsmen on Tuesday that the unit seized 16,391 cartons of the poultry products between June and November.
He said that Dr Abdullahi Dikko, the Comptroller General of Customs, had passed a circular on zero tolerance on poultry products, adding that Comptroller Dan Ugo, the Head of the Unit, was determined to ensure strict compliance.
Ejesieme said that the duty paid value of the seized poultry products was N62.3 million.
“Between Monday and Saturday, we made total seizure of 1,117 cartons of poultry products and we made sure that we seized the means of conveyance,” he said.
The Seme Command of NCS also said it impounded over 3,000 cartons of poultry products in the last three months valued at between six to eight million naira.
The Public Relations Officer of the command, Mr Ernest Olotta, told nesmen on telephone that the controller of the command had fortified the anti-smuggling team.
He said that some officers of the command had been strategically positioned in various places to check smuggling.
Olotta said the efforts of the controller had suppressed smuggling to the barest minimum.
“If smuggling stops, Nigeria stands to gain through job opportunities for the youths and there will be more foods and we can export our poultry products to other countries, “ he said.
“We have the capability to produce for local consumption and to export,’’ Olotta said.
Mr Jonathan Nicol, the Secretary General, Shippers’ Association of Lagos State, told newsmen that local supply of poultry production had not met the demand.
“Smuggling is rampant, either because the supply to the mega hotels is high or because the ordinary man in the street does not have access to the few available local poultry products.
“The cost of buying chicken locally is twice the amount one buys from smugglers,” he said.
Nicol urged government to remove the ban placed on poultry products, adding that such measure would reduce smuggling.
A freight forwarder, Mr Ben Ndee, suggested that the National Assembly should recommend in the new Customs and Excise Management Act (CEMA) (Amendment) death penalty for smugglers.
“Smuggling, in whatever guise, is condemnable and a heinous crime against the economy of any nation, particularly ours in Nigeria.
“More so, the inherent danger to the lives of officers and men of the Nigeria Customs Service, many of whom have lost their lives in preventing poultry products smuggling and outright duty evasion, “ he said.
The maritime expert suggested that government should also encourage local poultry farmers by granting soft loans to increase production of poultry farmers and discourage smuggling.
A freight forwarder, Mr Lucky Amiwero, said that smuggling of poultry products had killed the local industries, adding that there should be protection for local industries.
“The restriction is to protect the local industries. If they have gone through NAFDAC clearance, it means there are no health issues, but this is not the case with smuggled poultry products.
“Government should look critically at this area of the economy, refocus and possibly set up a committee to address the problem in the poultry sector,” Amiwero said.
He said that smuggling was thriving in Nigeria because demand for poultry products was high and local production could not meet the demand.
Business
SMEs Dev: Firms Launch N100m Loan Scheme
The facility will be disbursed through participating Microfinance Institutions (MFIs), which will in turn extend the loans to their customers, particularly SMEs, as they directly interface with businesses at the grassroots level.
The Executive Director of COMCIN, Mr. Micheal Ogbaa who represented the Chairman, Dr. Iredele Oyedele (FCA, FCCA), said the initiative is designed to strengthen micro-lending institutions and expand access to finance for grassroots entrepreneurs, particularly women and youths in the informal sector.
Ogbaa explained that COMCIN does not lend directly to individuals but works through its network of microfinance and cooperative institutions, which in turn provide loans to end users.
“We came together to advocate for the microfinance ecosystem. Commercial banks often exclude people at the grassroots, but our members are positioned to reach them. This facility will empower them to do more,” he said.
He noted that the loan scheme offers low interest rates and flexible repayment plans, making it more accessible to small business owners.
According to him, about 90 percent of beneficiaries are expected to be women, who play a key role in sustaining families and driving economic activities at the local level.
“Our focus is on traders, service providers, and players in the informal sector. These are the real movers of the economy. By supporting them, we are strengthening families and contributing to national development,” he added.
Ogbaa disclosed that eligible SMEs with proven integrity and business track records could access up to N5 million each through participating micro-lending institutions. The rollout has commenced in Lagos and will extend to Abuja, Enugu, and other regions, including the South-West, South-East, and North-East.
He said 12 micro-lending institutions have already benefited from the scheme, while 85 applications are currently being processed under the pilot phase.
“Our target is to reach at least 100,000 SMEs nationwide. We are building a platform that connects funding partners with credible micro-lending institutions, creating a reliable channel for financial inclusion,” Ogbaa said.
He added that COMCIN is also working to attract larger funding pools from development finance institutions and private investors, noting that successful implementation of the pilot phase would boost confidence and unlock more capital for SMEs.
“We have seen encouraging testimonies from early beneficiaries. As we demonstrate transparency and efficiency, more institutions will be willing to channel funds through us,” he said.
Business
Yenagoa’s Radisson Hotel Ready December — NCDMB, Other
Business
RIRS Sets Tomorrow As Deadline For Individual Tax Returns Filing
-
News9 hours agoRSG Reiterates Commitment To Youth Dev
-
Business7 hours agoNSCDC Discloses Illegal Dump Site In Ikwerre Community
-
Rivers7 hours agoPolice Launch Community-Centred National Day Celebration In Rivers, Today
-
Business7 hours agoYenagoa’s Radisson Hotel Ready December — NCDMB, Other
-
Maritime7 hours agoMWUN Raises Alarm Over Port Security Lapses In Lagos
-
Maritime7 hours agoNNS Hands Over Two Suspected Stowaways to Immigration Service
-
Environment7 hours agoFG Alls For stronger Partnerships, Women Inclusion In Water Governance
-
Rivers7 hours agoEducation Commissioner Lauds STAN Executive, Appreciates Support
