Business
‘Customs Seized N10bn Goods In 2016’
The Nigeria Customs Service (NCS) seized goods worth over N10 billion from January to December in 2016 as against N7.5 billion in 2015, according to the Acting Public Relations Officer, Mr Joseph Attah.
Attah told newsmen last Wednesday in Abuja, that the total duty collected in 2016 was N1.0147 trillion.
He said that the figures show that the ongoing reform and restructuring by the Comptroller-General of Customs (CGC), Retired Col.Hameed Ali, was having positive effect on customs operations.
“Total number of vehicles seized in 2016 was 1,466 worth N3,792 billion, total number of rice seized was 1,933 worth N1,299 billion , poultry seized was 578 worth N1,279 billion, among others.
“You will recall that when the Comptroller-General assumed duty, he made a number of strategic redeployments. This led to the reawakening among officials to enforce anti-smuggling law, ’’Attah said.
He said that customs boss has zero tolerance for corruption.
According to him, the compliance team of Comptroller General of Customs is well equipped in term of logistic and is motivated to effectively carry out its duty without compromise.
“All these are paying off. That is why you now see more seizures,” he added.
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Sugar Tax ‘ll Threaten Manufacturing Sector, Says CPPE
In a statement, the Chief Executive Officer, CPPE, Muda Yusuf, said while public health concerns such as diabetes and cardiovascular diseases deserve attention, imposing an additional sugar-specific tax was economically risky and poorly suited to Nigeria’s current realities of high inflation, weak consumer purchasing power and rising production costs.
According to him, manufacturers in the non-alcoholic beverage segment are already facing heavy fiscal and cost pressures.
“The proposition of a sugar-specific tax is misplaced, economically risky, and weakly supported by empirical evidence, especially when viewed against Nigeria’s prevailing structural and macroeconomic realities.
The CPPE boss noted that retail prices of many non-alcoholic beverages have risen by about 50 per cent over the past two years, even without the introduction of new taxes, further squeezing consumers.
Yusuf further expressed reservation on the effectiveness of sugar taxes in addressing the root causes of non-communicable diseases in Nigeria.
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